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Downtrend Broken Resist.Archive
- 1/9/2026 -
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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 -0.27 points, or -0.40%, and closed at 67.79 on Friday, January 9, 2026. Weekly volume was -19% 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 77.72. 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 77.75% 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 and getting smaller.
The distance between the Bollinger Bands is falling, and it was 3.95% on Friday. It is 58.29% 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.
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