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Archive
- 3/21/2025 -
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Eversource (ES) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Eversource (ES). During the week, the ES gave back -0.46 points, or -0.75%, and closed at 60.93 on Friday, March 21, 2025. Weekly volume was 12% above average.
ES is a member of Utilities Sector. Utilities is the most overbought 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 uptrend had started on November 1, 2023 at 52.03 and reached 69.01 on September 5, 2024. ES gained -16.98 points, or -32.64%, in 44 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 72.50. 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 long-term trend.
 Medium-term trend: [See ES medium-term trend chart]
A medium-term downtrend had started on September 5, 2024 at 69.01 and reached 54.75 on January 13, 2025. ES lost 14.26 points, or 20.66%, in 18 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 48.60 and resistance is at 63.60. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending 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 above its signal line since February 14, 2025. The distance between MACD and the signal line is low, but getting bigger. 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 February 25, 2025 at 64.37 and reached 57.87 on March 6, 2025. ES lost 6.50 points, or 10.10%, in 9 days. The price is now at the 47.08% retracement level.
Daily Technical Indicators: [See ES daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 3, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
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