ED stock: buy or sell

ED stock price: $78.36 -1.25% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

ED stock brief

  • Consolidated Edison stock sliced -1.25% to close at $78.36 on the stock market on Wednesday, breaking a streak of 8 sessions in positive.
  • Morgan Stanley published a bearish rating for Consolidated Edison on Tuesday, with a target of $73.00
  • Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

Should I buy Consolidated Edison stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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?

How to know when is it time to sell Consolidated Edison?. As when we have to buy shares, deciding when is appropiate to sell is not a random decision, and we must adhere our own trading strategy. When selling, as well as buying, our strategies are very easy to follow but are only valid for selling shares in your porfolio, not for shorting $ED stock

A golden rule is that you should never hold an operation that yields losses greater than those expected at the time of the buy. The moment to sell your stock must always be determined 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 hold Consolidated Edison stock and your operation is in profit probably is not time to sell now

Consolidated Edison ratings

In the last month, 2 analyst ratings were published for Consolidated Edison. General sentiment is bearish, with 2 out of 2 posting pesimistic outlooks for the mid and long term

Consolidated Edison analysts' ratings - Last month
Brokerage firmRating
Mar 25th, 2021
Morgan Stanley Sell
Apr 20th, 2021
Morgan Stanley Sell

Consolidated Edison stock analysis

SMAs overview

ED stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $79.00 (0.82% above)
  • R2: $79.36 (1.28% above)
  • R3: $79.46 (1.40% above)
  • The current supports are:

  • S1: $77.50 (-1.10% below)
  • S2: $77.30 (-1.35% below)
  • S3: $76.06 (-2.94% below)
  • Bollinger bands

    Since the price surpassed the upper band on Tuesday, the price sliced by 1.80%. The price is moving near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a bearish indicator, as price can trade in these levels for many days and weeks

    ED stock Bollinger Bands chart

    Relative strength index

    Climbed above the 70 level Wednesday, with a reading of 71.02. Contrary to what many investors may think, the fact that the value is above 70 does not imply a sell point, as shares can rise during several weeks being in the overbought zone

    ED stock RSI chart

    Consolidated Edison stock price history

    Consolidated Edison started trading on Jan 2nd, 1962 priced at $0.00 per share1. Since then, ED stock has risen by -, with an average of 0.00% per year. An investment of thousand dollars on Jan 1962 would have a value of $inf nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    ED stock price history chart

    Price target for Consolidated Edison stock

    Nobody knows how much a stock will be priced tomorrow. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions release their price predictions based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new financial data by the company, and usually. If you are a small investor you should not buy or sell based on these forecasts.

    There are 2 price predictions released for Consolidated Edison that average $70.00. That is a 10.67% than the last price ($78.36).

    Consolidated Edison stock price predictions
    Brokerage firmPrice target
    Mar 25th, 2021
    Morgan Stanley $65.00$67.00
    Apr 20th, 2021
    Morgan Stanley $67.00$73.00

    Earnings and financials

    Last February, Consolidated Edison, Inc. ($ED) reported adjusted EPS for that matched Wall St. expectations. Quarterly EPS was $0.75 per share compared to the forecasted $0.76. Forecasted turnover for this quarter was $3.2 billion but Consolidated Edison slightly undercut by 6.92%, reporting $3.0 billion.

    In contrast, the EPS for the same quarter last year was $0.87, so reported EPS is a loss of -13.79%. Looking at revenue, figures just changed compared to $29.5B same quarter last year.

    ED ($ED) presents Q1 earnings report next Thursday. Expected for this quarter is $1.39, compared to $0.75 that was reported for Q4.

    Consolidated Edison performance

    ED performance compared
    Company1m3m6m
    Consolidated Edison ($ED) 8.90% 14.70% -0.10%

    Important:
    The thoughts published in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have any knowledge of the specific circumstances of the reader, his or her own finances 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 Viewpoints are provided for education motives only

    ED summary

    Wednesday, April 21st, 2021
    Open$79.49
    Close$78.36
    Day range$78.27 - $79.75
    Previous close$79.35
    Session gain-1.25%
    Average true range$1.20
    50d mov avg$71.99
    100d mov avg$71.45
    200d mov avg$73.08
    Earnings dateMay 6th, 2021

    Frequently asked questions

    What is Consolidated Edison stock symbol?

    Consolidated Edison, Inc. is a public company trading in the US stock market with the ED symbol

    Is Consolidated Edison stock a buy or sell?

    Consolidated Edison received 2 ratings in the last 30 days: 0 bullish, 2 bearish and 0 neutral.

    Will ED go up?

    Consolidated Edison had different price predictions posted by analysts in the last month setting the target price to $70.00. That is a 10.67% than the last price ($78.36).