EDWARDS LIFESCIENCES CORP (EW)
US28176E1082 - Common Stock
Taking everything into account, EW scores 7 out of 10 in our technical rating. EW has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month EW has a been trading in the 69.35 - 75.27 range, which is quite wide. It is currently trading near the high of this range.
EW has an average volume of 5305340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, EW turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
EW is an average performer in the Health Care Equipment & Supplies industry, it outperforms 68% of 187 stocks in the same industry.
EW is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EW is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, EW also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 74.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 73.50, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
61.09
96.52
We found 4 important support areas.
- A support zone ranging from 72.53 to 73.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @68.32 from a trend line in the daily time frame.
- A support zone ranging from 64.54 to 65.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.71 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 74.82 to 74.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @88.94 from a trend line in the daily time frame.
- A resistance zone ranging from 94.33 to 95.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.37
Mansfield-1.41
10 Day High75.27
10 Day Low70.59
20 Day High75.27
20 Day Low69.35
52 Week High96.12
52 Week Low58.93
Performance
1 Week2.03%
2 Weeks4.59%
1 Month6.29%
3 Month11.94%
6 Month-17.7%
12 Month-1.35%
2 Year0.27%
3 Year-42.25%
5 Year-3.8%
10 Year252.38%
15 Year933.64%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.07
RSI(14)62.43
LBB70.47
UBB75.72
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 |
|---|---|---|---|
| 74.83 | 72.52 | 2.31 (3.09%) | 25.00% |
| An entry @74.83. This is a Buy Stop order right above the resistance zone. | An exit @72.52. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.31 points, which is 3.09%. | For a 0.77% 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 EW. 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.
EDWARDS LIFESCIENCES CORP
NYSE:EW (12/20/2024, 8:07:52 PM)
After market: 74.81 0 (0%)74.81
+0.88 (+1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.19%
1 Week2.03%
2 Weeks4.59%
1 Month6.29%
3 Month11.94%
6 Month-17.7%
12 Month-1.35%
2 Year0.27%
3 Year-42.25%
5 Year-3.8%
10 Year252.38%
15 Year933.64%
Volatility
ATR(14)2.05
ATR(20)%2.52%
ATR Inc-1.39%
Range Today2.3
ADR(20)1.75
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.37
Mansfield-1.41
10 Day High75.27
10 Day Low70.59
20 Day High75.27
20 Day Low69.35
52 Week High96.12
52 Week Low58.93
CS1 End73.5
CR1 Start74.82
Volume & EV
DER(3)-1.05%
DER(5)-1.41%
Volume14.21M
Volume Incr82.77%
Vol(5)8.74M
Vol(50)5.31M