Exchanges: NASDAQ | NYSE | XLON | AMS | ADS | TSE | BRU
Weaker Buy Today ED ranks #374 as BUY CANDIDATE #374 Stronger Buy

ED stock forecast Consolidated Edison Inc

ED stock forecast

Monday June 24, 2019 Change 0.49% Price $89.65
Chart period: 2019-03-25 - 2019-06-24
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Social Sentiment for ED

Today's data is from 3 opinions on StockTwits provided by IEX Cloud.
Bullish vs. Bearish opinions
67%
33%
Weighted Sentiment 0.14

Will ED stock price go up or down on Wed, 26 Jun 2019?

Predict

Consolidated Edison Inc Forecast and Stock Analysis

Technical ED stock analysis for Monday June 24, 2019.

Buy candidate since 2019-06-18 Gain 1.79%


Consolidated Edison Inc gained 0.49% in the last trading day ( Monday, 24th Jun 2019 ), rising from $89.21 to $89.65 , 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. During day the stock fluctuated 1.57% from a day low at $89.05 to a day high of $90.45. The price has risen in 6 of the last 10 days and is up by 2.77% over the past 2 weeks. Volume fell in the last day by -1.94 million shares, and in total, 1.39 million shares bought and sold for approximately $124.72 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.

Quick summary:

  • 30 day high of the ED stock price was $90.51 and low was $85.04.
  • 90 day high was $90.51 and low was $83.32.
  • 52 week high for the Consolidated Edison Inc - $90.51 and low - $73.30.

Trend

Consolidated Edison Inc lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.85% during the next 3 months and, with 90% probability hold a price between $91.53 and $95.74 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Consolidated Edison Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $88.77 and $87.09. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday June 11, 2019, which indicates further gains 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 may be an early warning. The stock should be watched closely.

The stock had a Golden Star Signal* on Wednesday April 24, 2019 for the short-term and also have Golden Star Signal for the medium-term dated Monday November 26, 2018.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 62 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Consolidated Edison Inc finds support from accumulated volume at $89.21.

Support: $89.21 Price: $89.65

Risk

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 $1.40 (1.57%) between high and low. For the last week, the stock has had a daily average volatility of 1.65%.

Our recommended stoploss: $85.47 (-4.67%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 9 days ago.)

1.65 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Buy Candidate Downgraded
Weaker Buy Today ED ranks #374 as BUY CANDIDATE #374 Stronger Buy

Will ED stock price go up or down on Wed, 26 Jun 2019?

Predict

Proudly made at

Rise Vilnius
in partnership with
Barclays Bank