ED stock: buy or sell

ED stock price: $74.59 -1.24% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

1

ED stock brief

  • Consolidated Edison closed on Wednesday at $74.59 after sliding a -1.24%.
  • From the chart point view, price is drawing an scaled downtrend since last May with lower tops and lower bottoms. shares price lost a -6.34% since the downtrend started.
  • 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 we expect a selloff for $ED in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Consolidated Edison stock?

"To sell or not to sell", if you are holding Consolidated Edison stock?. Trading strategies help us to avoid impetuous decisions based on our moods or the buzz that surrounds the market. When selling, as well as buying, detailed setups are very simple to use but are only applicable for selling shares you already own, not for shorting Consolidated Edison stock

A golden rule is that you must never hold a trading operation that produces losses greater than those expected upon the buy. The timing to sell shares must always be ruled 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 shares and your operation is in profit probably is not time to sell now

Consolidated Edison ratings

We don't have any rating posted in the last 30 days for Consolidated Edison

Consolidated Edison stock analysis

Consolidated Edison continues trending lower since last May, and has accumulated a selloff of -6.34%. Like in all downtrends, the stock oscillates drawing lower highs and lows. In this case, we have seen 2 consecutive lower tops.

SMAs overview

ED stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $74.98 (0.52% above)
  • R2: $74.99 (0.54% above)
  • R3: $75.07 (0.64% above)
  • The current support levels are:

  • S1: $74.57 (-0.03% below)
  • S2: $73.93 (-0.88% below)
  • S3: $73.55 (-1.39% below)
  • Bollinger bands

    The actual range between the upper and lower bands is less than 5%, thus meaning that volatility is low. Reduced volatility is often the antecedent to a sharp movement (up or down), so we must be alert and manage our buy or sell orders accordingly

    ED stock Bollinger Bands chart

    Relative strength index

    The RSI broke out the oversold level of 30 last Thursday after just being in the oversold zone for a single day (what can be considered a strength sign). The RSI reading on Wednesday was 52.54

    ED stock RSI chart

    Consolidated Edison stock price history

    Consolidated Edison went public on Jan 2nd, 1962 at $0.00 per share1. Since then, ED stock surged by -, with an average of 0.00% per year. An investment of $1,000USD on Jan 1962 would be valued $inf today.

    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 share will be priced tomorrow. Banks and financial organisations post their analysis predicting how a stock will performance in the future.

    The following table shows the price predictions posted by brokerage institutions in the last 30 days. If you are a small trader you don't have to buy or sell based on these forecasts.

    We don't have any target price posted in the last month for Consolidated Edison.

    Earnings and financials

    Last May, Consolidated Edison ($ED) had the shareholders call and released the report. ED posted earnings of $1.44 per share on sales of $3.7 billion. The analysts estimate was $1.36 per share on revenue of $3.4 billion.

    For comparison, the EPS for the same quarter last year was $1.35, so posted EPS is a improvement of 6.67%. Looking at revenue, figures skyrocketed a 13.70% compared to $32.3B same quarter last year.

    ED ($ED) is hosting the quarterly earnings call on Thursday next week. Market forecasts of $0.62, compared to Q1 that made $1.44.

    Consolidated Edison performance

    ED performance compared
    Company1m3m6m
    Consolidated Edison ($ED) 1.50% -1.00% 6.80%

    Important:
    The comments contained in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not know the particular conditions of the reader, his or her 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 Comments are published for informational reasons only

    ED summary

    Wednesday, July 28th, 2021
    Open$75.51
    Close$74.59
    Day range$74.01 - $75.6
    Previous close$75.53
    Session gain-1.24%
    Average true range$1.59
    50d mov avg$75.26
    100d mov avg$74.99
    200d mov avg$73.66
    Earnings dateAugust 5th, 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 had no ratings in the last 4 weeks Read the article to get additional tips on trading ED stock.

    Will ED go up?

    There were no predictions posted by market analysts in the last 30 days for Consolidated Edison.