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Uptrend Broken SupportArchive
- 7/17/2026 -
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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 -0.20 points, or -0.27%, and closed at 74.62 on Friday, July 17, 2026. Weekly volume was -21% below 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 76.41 on February 27, 2026. ES gained -24.38 points, or -46.86%, in 121 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 52.50 and resistance is at 79.49. 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 uptrend had started on April 9, 2025 at 52.28 and reached 76.41 on February 27, 2026. ES gained -24.13 points, or -46.16%, in 46 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (75.04) 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 medium-term trend.
 Weekly Technical Indicators: [See ES weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since June 26, 2026. This is an indication that the medium-term trend is up. 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 March 20, 2026 at 66.32 and reached 76.22 on July 17, 2026. ES gained -9.90 points, or -14.93%, in 119 days. The chart has formed a Rectangle chart pattern. The uptrend resistance line (66.72) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.
Daily Technical Indicators: [See ES daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. 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.
The daily MACD line is above its signal line since June 3, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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