EIX closes within prior day's range after lackluster session


Edison International (EIX) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team

Highlights

EIX runs into sellers again around 68.40
EIX closes within previous day's range after lackluster session
EIX ends the day indecisive

Overview

EIX ended the week 2.51% higher at 68.33 after edging lower $0.08 (-0.12%) today. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (EIX as at Sep 14, 2018):

Daily technical analysis candlestick chart for Edison International (EIX) as at Sep 14, 2018

Friday's trading range was $0.62 (0.91%), that's far below last trading month's daily average range of $1.05. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly below average.

During the whole day, prices traded within the prior day's range, unable to trade above the previous day's high or below the prior day's low forming an Inside Bar.

Prices are trading close to a key support level at 67.75. After having been unable to move above 68.44 in the previous session, Edison Int'l ran into sellers again around the same price level today, failing to move higher than 68.40.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Buying might accelerate should prices move above the close-by swing high at 68.44 where further buy stops could get triggered.


Market Conditions for EIX as at Sep 14, 2018

Loading Market Conditions for EIX (Edison International)...
Latest Report:

EIX stuck within tight trading range

Nov 21, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Edison International traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!