RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ED
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Stronger technical forecast for Consolidated Edison Inc stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Consolidated Edison Inc stock price gained 0.84% on the last trading day (Thursday, 28th Mar 2024), rising from $90.05 to $90.81. During the last trading day the stock fluctuated 1.24% from a day low at $89.79 to a day high of $90.90. The price has been going up and down for this period, and there has been a 2.41% gain for the last 2 weeks. Volume fell on the last day by -134 thousand shares and in total, 2 million shares were bought and sold for approximately $162.17 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $91.01 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.95% during the next 3 months and, with a 90% probability hold a price between $81.45 and $87.41 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ED Signals & Forecast

The Consolidated Edison Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $89.01 and $88.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 5.34%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Consolidated Edison Inc stock

Consolidated Edison Inc finds support from accumulated volume at $89.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.11 between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.50%.

Our recommended stop-loss: $86.18 (-5.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (ED) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Consolidated Edison Inc to open at $90.50, and during the day (based on 14 day Average True Range), to move between $89.41 and $92.21, which gives a possible trading interval of +/-$1.40 (+/-1.54%) up or down from last closing price. If Consolidated Edison Inc takes out the full calculated possible swing range there will be an estimated 3.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $90.90 (0.10%) than the support at $89.67 (1.26%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Consolidated Edison Inc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.998 Buy Candidate Upgraded

Predicted Opening Price for Consolidated Edison Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$90.50 ( 0.341%) $90.81

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ED

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 91.61 0.88 %
R2 91.19 0.414 %
R1 90.92 0.126 %
Current price: 90.81
Support S1 90.08 -0.81 %
S2 89.81 -1.10 %
S3 89.39 -1.56 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 91.62 0.89 %
R2 91.25 0.485 %
R1 90.90 0.0991 %
Current price 90.81
Support S1 89.67 -1.26%
S2 88.94 -2.06%
S3 86.67 -4.56%

ED Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 18, 2024 Feb 13, 2024 Mar 15, 2024 $0.83 0.93%
2 Oct 19, 2023 Nov 14, 2023 Dec 15, 2023 $0.81 0.90%
3 Jul 20, 2023 Aug 15, 2023 Sep 15, 2023 $0.81 0.89%
4 Apr 20, 2023 May 16, 2023 Sep 15, 2023 $0.81 0.89%
5 Jan 19, 2023 Feb 14, 2023 Mar 15, 2023 $0.81 0.85%

FAQ

What is the symbol for Consolidated Edison Inc Stock and on which exchange is it traded?
The symbol for Consolidated Edison Inc is ED and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Consolidated Edison Inc Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Consolidated Edison Inc Stock?
Consolidated Edison Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Consolidated Edison Inc Stock.

What's the current price of Consolidated Edison Inc Stock?
As of the end of day on the 2024-03-28, the price of an Consolidated Edison Inc (ED) share was $90.81.

What is the 52-week high and low for Consolidated Edison Inc Stock?
The 52-week high for Consolidated Edison Inc Stock is $100.92 and the 52-week low is $80.46.

What is the market capitalization of Consolidated Edison Inc Stock?
As of the 2024-03-28, the market capitalization of Consolidated Edison Inc is 31.376B.

When is the next earnings date for Consolidated Edison Inc?
The upcoming earnings date for Consolidated Edison Inc is May 02, 2024.
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About Consolidated Edison Inc

Consolidated Edison Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan. The company also suppl... ED Profile

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