The Greedy Trader Weekly Analysis
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- 1/2/2026 -
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Eversource (ES) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a second consecutive positive week for the Eversource (ES). During the week, the ES gained 0.82 points, or 1.22%, and closed at 68.06 on Friday, January 2, 2026. Weekly volume was -44% below average.

ES is a member of Utilities Sector. Utilities is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ES long-term trend chart]
A long-term downtrend had started on December 14, 2022 at 87.71 and reached 52.03 on November 1, 2023. ES lost 35.68 points, or 40.68%, in 46 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (52.41) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ES medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 52.03 and reached 75.25 on October 28, 2025. ES gained -23.22 points, or -44.63%, in 103 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 52.41 and resistance is at 77.59. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ES weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since November 21, 2025. Use the following link to access a MACD help.

Short-term trend: [See ES short-term trend chart]
A short-term downtrend had started on December 11, 2025 at 68.84 and reached 64.12 on December 22, 2025. ES lost 4.72 points, or 6.86%, in 11 days. The price is now at the 83.47% retracement level.

Daily Technical Indicators: [See ES daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since December 8, 2025. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.47% on Friday. It is 63.89% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.92
Williams' Percentage Range (W%R) 22.20
Lane's Stochastic (%D-Slow) 77.62
Greed/Fear Indicator (GFI) 69.77
Moving Average Converg./Diverg. (MACD) -0.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.15
Williams' Percentage Range (W%R) 54.40
Lane's Stochastic (%D-Slow) 31.82
Greed/Fear Indicator (GFI) 40.71
Moving Average Converg./Diverg. (MACD) 1.61
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 77.59
50 Day Moving Average 69.57
Upper Bollinger Band 68.74
Price 68.06
Daily Stochastic Crossing 67.58
20 Day Moving Average 67.36
Weekly Stochastic Crossing 67.17
Lower Bollinger Band 66.40
Parabolic System 64.06
Yearly Trendline Resistance 54.64
Sector and Industry
Description Name Rank
Sector Utilities 2
Industry Multi-Utilities 22
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 68.84
High Date 12/11/2025
Low 64.12
Low Date 12/22/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 75.25
High Date 10/28/2025
Low 63.45
Low Date 11/20/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 52.28
Low Date 04/09/2025
High 75.25
High Date 10/28/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 77.59
Support 52.41
Low 52.03
Low Date 11/01/2023
High 75.25
High Date 10/28/2025
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 54.64
Support 52.41
High 87.71
High Date 12/14/2022
Low 52.03
Low Date 11/01/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.