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Downtrend Broken Resist.Archive
- 6/13/2025 -
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Eversource (ES) Technical Analysis
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| Summary:
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| | It was the negative week for the Eversource (ES). During the week, the ES gave back -0.28 points, or -0.43%, and closed at 65.21 on Friday, June 13, 2025. It was the worst weekly loss since April 11, 2025. Weekly volume was -26% below average.
 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 52.31 and resistance is at 74.00. 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 52.28 on April 9, 2025. ES lost 16.73 points, or 24.24%, in 30 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (50.46) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ES may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.
 Weekly Technical Indicators: [See ES weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 2, 2025. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See ES short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 52.28 and reached 66.24 on June 9, 2025. ES gained -13.96 points, or -26.70%, in 61 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (66.24) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.
 Daily Technical Indicators: [See ES daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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