Consolidated Edison Inc Stock Analysis
Technical stock analysis for 23 January 2019
|Shorts||4.88% ( 2018-12-31 )|
|Loans||16 606.0 mill|
Consolidated Edison Inc gained 0.31% in the last trading day, rising from $76.74 to $76.98 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 1.42% over the past 2 weeks. Volume fell in the last day by -0.40 million shares, and in total, 2.34 million shares bought and sold for approximately $180.45 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the ED stock was $76.98. This is 0.31% more than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 1.11% from a day low at $76.51 to a day high of $77.36.
30 day high of the ED stock price was $80.52 and low was $73.30.
90 day high was $84.32 and low was $73.30.
52 week high for the Consolidated Edison Inc - $84.32 and low - $71.12.
Given the current horizontal trend you can expect Consolidated Edison Inc with 90% probability to be traded between $72.72 and $82.45 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and 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. Consolidated Edison Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $78.48. On a fall, the stock will find some support from the short-term average at $76.27. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Thursday January 17, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 59 and the stock is currently not being overbought or oversold
Support & Resistance
Consolidated Edison Inc finds support from accumulated volume at $76.55.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.85 (1.11%) between high and low. For the last week, the stock has had a daily average volatility of 1.34%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Consolidated Edison Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
|ED $76.98 $0.24(0.31%)|
ED is up $0.24 today, but where's it headed in 2019?
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