June 06, 2025 a 01:15 pm

ED: Trend and Support & Resistance Analysis - Consolidated Edison, Inc.

Consolidated Edison, Inc. Stock Analysis

Consolidated Edison, Inc. provides essential electric, gas, and steam services in New York City and neighboring regions, impacting millions of customers. As an influential player in the renewable energy sector, the company faces both opportunities and challenges amid evolving regulatory and market dynamics. The stock shows interesting patterns that could suggest potential entry points for investors considering the volatility and economic forecasts.

Trend Analysis

The analysis of the recent historical data for ED reveals insight into its current market trend. Utilizing the computations of the EMA20 and EMA50, the dominant trend in the last recorded data suggests a neutral trend, indicated by the proximity of EMA20 to EMA50. Examining the last 7 trading days:

Date Close Price Trend
2025-06-05 102.27 ⚖️
2025-06-04 102.21 ⚖️
2025-06-03 103.24 ⚖️
2025-06-02 103.86 ⚖️
2025-05-30 104.49 ⚖️
2025-05-29 103.38 ⚖️
2025-05-28 102.11 ⚖️

This neutral trend indicates a potential shift, whereby ongoing monitoring is required to confirm a possible breakout. Below is a visual representation of the price development over the analyzed period.

Stock Trend Chart

Support- and Resistance

An evaluation of the closing prices has detected key support and resistance zones. These levels are critical in assessing likely price movement barriers and supports:

Zone Type From To
Support Zone 1 100.50 ⬇️ 102.00 ⬇️
Support Zone 2 103.00 ⬇️ 104.50 ⬇️
Resistance Zone 1 105.00 ⬆️ 106.50 ⬆️
Resistance Zone 2 107.00 ⬆️ 108.50 ⬆️

The current price of ED is positioned within the identified support zone 1, indicating potential pressure to reverse the recent dip if buying interest increases. Such zones are pivotal for strategic entry or exit points.

Support and Resistance Chart

Conclusion

The analysis of Consolidated Edison, Inc. indicates a stable yet attentive market position where strategic movements can be anticipated. The proximity between EMA20 and EMA50 suggests neutrality with potential volatility. Positioned within a crucial support zone, ED bears potential for upward movement if market sentiments turn positive. Nevertheless, caution prevails as resistance levels pose challenges, notably at higher price brackets. Consequently, investors should remain vigilant to macroeconomic signals affecting utility sectors. The technical markers and zones provide a robust framework for navigating this period.

json { "trend_type": "neutral", "Support_zone_from_1": 100.50, "Support_zone_to_1": 102.00, "Support_zone_from_2": 103.00, "Support_zone_to_2": 104.50, "Resistance_zone_from_1": 105.00, "Resistance_zone_to_1": 106.50, "Resistance_zone_from_2": 107.00, "Resistance_zone_to_2": 108.50 }