EIX pushes through 100-day moving average


Edison Int'l (EIX) Technical Analysis Report for Apr 16, 2018 [1 min read]
Highlights
EIX rallies 1.59% closing $1.01 higher
EIX pushes through key resistance level
EIX pushes through 100-day moving average
EIX closes higher for the 2nd day in a row
EIX ends the day on a bullish note closing near the high of the day
TQ Sentiment
Report Sentiment: 71% Bullish
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, EIX finished Monday at 64.45 surging $1.01 (1.59%). This is the biggest single day gain in over two weeks. Today's closing price of 64.45 marks the highest close since March 16th. Closing above Friday's high at 63.80, the market confirms its breakout through the previous session's high having traded $0.92 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for EIX
Volatility

Monday's trading range was $1.42 (2.23%), that's slightly above last trading month's daily average range of $1.25. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.

Support/Resistance

Breaking through the key resistance level at 63.99 today, it is now likely to act as support going forward.

Trend

Though still in a long-term downtrend, the short and medium-term trends both turned bullish already. The share managed to break above the 100-day moving average at 64.14 today for the first time since October 19, 2017.

Order Flow

With prices trading close to this year's high at 66.91, upside momentum could accelerate should the stock be able to break out to new highs for the year.

Conclusion

While classical technical analysis indicates a bullish sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for Edison Int'l
ConditionForecastDirectionWinAvgWorstBestEvents
White Candle TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Signup

Stocks Top Movers

NATGAS 2.7350.037 1.37%
BTCUSD 7,472.6486.80 1.18%
TBOND 145.4060.594 0.41%
ASX 6,262.7017.60 0.28%
DXY 94.9450.135 0.14%
NKY 22,764.68-29.51 -0.13%
USDJPY 112.47-0.37 -0.33%
HSI 28,010.86-106.56 -0.38%
GOLD 1,222.5-4.8 -0.39%
SPX 2,804.49-11.13 -0.40%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV89.95 -4.45
-4.71%
ACN 10 day candlestick chart for ACN166.89 0.51
0.31%
ADBE 10 day candlestick chart for ADBE257.68 -2.10
-0.81%
AAP 10 day candlestick chart for AAP143.37 3.40
2.43%
AES 10 day candlestick chart for AES13.03 0.30
2.36%
AET 10 day candlestick chart for AET190.04 -1.29
-0.67%
AFL 10 day candlestick chart for AFL42.89 -0.37
-0.86%
AMG 10 day candlestick chart for AMG149.31 -1.94
-1.28%
A 10 day candlestick chart for A64.15 1.16
1.84%
ABT 10 day candlestick chart for ABT63.78 -0.97
-1.50%