The Hourly View for ED
Currently, ED (Get Ratings)’s price is down $-0.63 (-0.8%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Of note is that the 100 hour changed directions on ED; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
ED ranks 24th in terms of today’s price percentage change out of Utilities stocks.
ED’s Technical Outlook on the Daily Chart
At the moment, ED’s price is up $0.01 (0.01%) from the day prior. ED has seen its price go up 5 out of the past 5 days, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Consolidated Edison Inc’s price action over the past 90 days can be seen via the chart below.
For ED News Traders
Investors and traders in ED may be particularly interested in the following story that came out in the past day:
A large apartment building in Midtown Manhattan has the distinction of being the first property in the region to install electric vehicle chargers under Con Edison’s PowerReady incentive program.
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