EDISON INTERNATIONAL (EIX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EIX - US2810201077 - Common Stock
Taking everything into account, EIX scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, EIX is a bad performer.
Besides having an excellent technical rating, EIX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 60.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 59.92, a Stop Loss order could be placed below this zone.
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51.59
We found 6 important support areas.
- Support @59.92 from a horizontal line in the daily time frame.
- A support zone ranging from 56.81 to 58.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @55.81 from a horizontal line in the daily time frame.
- A support zone ranging from 54.34 to 54.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.30 from a horizontal line in the daily time frame.
- A support zone ranging from 52.11 to 52.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 60.18 to 60.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for EIX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EIX is up. |
| ChartMill Relative Strength | 24.3 | NEGATIVE | EIX has a low relative strength, it was outperformed by 75.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EIX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EIX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EIX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.79 | NEUTRAL | The RSI value for EIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests EIX has a positive trend. |
| Stochastics (14,3) | 83.57 | OVERBOUGHT | The high Stochastics value suggests EIX may be overbought. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for EIX suggests some volalility. |
| Average Directional Index/ADX (14) | 11.36 | NEGATIVE | The low ADX value for EIX suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 60.19 | 59.91 | 0.28 (0.47%) | 25.00% |
| An entry @60.19. This is a Buy Stop order right above the resistance zone. | An exit @59.91. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.28 points, which is 0.47%. | For a 0.12% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EIX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
60.17
+0.63 (+1.06%)
EDISON INTERNATIONAL / EIX FAQ
Can you provide the ChartMill technical rating for EDISON INTERNATIONAL?
ChartMill assigns a technical rating of 7 / 10 to EIX.
What is the trend direction for EIX stock?
The current trend direction for EDISON INTERNATIONAL (EIX) is Bullish.
Can you provide the RSI signal for EDISON INTERNATIONAL?
EDISON INTERNATIONAL (EIX) has an RSI value of 61.7917. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for EDISON INTERNATIONAL?
The buy/sell signal for EDISON INTERNATIONAL (EIX) is buy as both the short term and long term trends are positive.
What is the support and resistance level for EIX stock?
EDISON INTERNATIONAL (EIX) has a support level at 59.92 and a resistance level at 60.18. Check the full technical report for our detailed analysis of EIX support and resistance levels.