ED stock: buy or sell
Jan 16th, 2021
ED stock brief
- Consolidated Edison stock grew 1.67% to close at $69.60 on the stock market on Friday.
- From the chart point view, price is drawing an scaled downtrend since last October with lower tops and lower bottoms. shares price lost a -16.29% since the downtrend started.
- Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States.
Should I buy Consolidated Edison stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $ED stock a buy?
In the current situation of Consolidated Edison there is not any eligible buy setup. This doesn't mean $ED will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Consolidated Edison stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies prevent us from making impulsive decisions based on our personal sentiments or the noise that surrounds the market. Our trading system selects very simple strategies to guide us on when is a good moment to sell our shares. Be aware that these strategies are not intended for selling short Consolidated Edison stock
A guiding principle is that you must never hold a trade that produces higher than expected losses at the time of the buy. The timing to sell shares should always be dictated by the stop-loss (automatic or manual)
Is it time to sell Consolidated Edison stock?
Currently, Consolidated Edison stock doesn't match any of our preferred sell setups, so if you own Consolidated Edison stock and your operation is in profit probably is not time to sell now
Consolidated Edison ratings
We don't have any rating published in the previous month for Consolidated Edison
Consolidated Edison stock analysis
Consolidated Edison accumulates a price drop of -16.29% since its latest top last October at $83.14. The stock plotted 3 consecutive lower tops.
Supports and resistances
The current resistance levels are:
The current supports are:
Since the price broke down the lower band last Tuesday, the price has bounced off by 4.00%. The price is trading very close to the lower Bollinger band, indicating some level of oversold in recent sessions. This is not a buy point, as price can trade in these levels for many days and weeks
Relative strength index
The RSI broke out the oversold level of 30 in late December after just being in the oversold zone for a single day (what can be considered a strength sign). The RSI value on Friday was 42.94
Consolidated Edison stock price history
Consolidated Edison started trading on Jan 2nd, 1962 at $0.00 per share1. Since then, ED stock has risen by -, with an average of 0.00% per year. If you had invested $1,000USD in Consolidated Edison stock at that time, it would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Consolidated Edison stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts published by financial institutions for the last 30 days. Again, these predictions are not direct recommendations for small traders and should not be trusted blindly.
In the previous month we couldn't find any price target posted for Consolidated Edison stock.
Earnings and financials
Shareholders event was hosted by Consolidated Edison ($ED) last November after releasing the financial report. ED presented earnings of $1.48 per share on revenue of $3.3 billion. The consensus earnings estimate was $1.51 per share on revenue of $3.4 billion.Compared to the same quarter one year ago, EPS was $1.54, so reported EPS means a reduction of -3.90%. Sales merely changed on an annualized basis in the , from $33.7B to $33.3B last quarter.
ED ($ED) is hosting the Q4 earnings call mid next February. Expected for this quarter is $0.79, compared to $1.48 that was reported for Q3.
Consolidated Edison performance
|Consolidated Edison ($ED)||-4.70%||-14.00%||-3.60%|
Important:The comments contained in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the individual scenarios of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for general educational reasons only
|Friday, January 15th, 2021|
|Day range||$68.04 - $69.67|
|Average true range||$1.83|
|50d mov avg||$74.40|
|100d mov avg||$75.42|
|200d mov avg||$74.74|
|Earnings date||February 18th, 2021|