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Edison International EIX Proactive Strategies

Don't over think it!  Trading Edison International (NYSE: EIX) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for EIX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if EIX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for EIX too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for EIX
  • Buy EIX slightly over 63.61 target 67.62 stop loss @ 63.43 Details
  • The technical summary data tells us to buy EIX near 63.61 with an upside target of 67.62. This data also tells us to set a stop loss @ 63.43 to protect against excessive loss in case the stock begins to move against the trade. 63.61 is the first level of support below 65.46 , and by rule, any test of support is a buy signal. In this case, support 63.61 would be being tested, so a buy signal would exist.

  • Short EIX under 67.62, target 63.61, stop loss @ 67.82 Details
  • The technical summary data is suggesting a short of EIX as it gets near 67.62 with a downside target of 63.61. We should have a stop loss in place at 67.82though. 67.62 is the first level of resistance above 65.46, and by rule, any test of resistance is a short signal. In this case, if resistance 67.62 is being tested, so a short signal would exist.

Swing Trading Plans for EIX
  • Buy EIX slightly over 67.69, target 69.85, Stop Loss @ 67.49 Details
  • If 67.69 begins to break higher, the technical summary data tells us to buy EIX just slightly over 67.69, with an upside target of 69.85. The data also tells us to set a stop loss @ 67.49 in case the stock turns against the trade. 67.69 is the first level of resistance above 65.46, and by rule, any break above resistance is a buy signal. In this case, 67.69, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short EIX near 67.69, target 63.61, Stop Loss @ 67.89. Details
  • The technical summary data is suggesting a short of EIX if it tests 67.69 with a downside target of 63.61. We should have a stop loss in place at 67.89 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 67.69, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for EIX
  • Buy EIX slightly over 67.69, target 69.59, Stop Loss @ 67.53 Details
  • If 67.69 begins to break higher, the technical summary data tells us to buy EIX just slightly over 67.69, with an upside target of 69.59. The data also tells us to set a stop loss @ 67.53 in case the stock turns against the trade. 67.69 is the first level of resistance above 65.46, and by rule, any break above resistance is a buy signal. In this case, 67.69, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short EIX near 67.69, target 63.61, Stop Loss @ 67.85. Details
  • The technical summary data is suggesting a short of EIX if it tests 67.69 with a downside target of 63.61. We should have a stop loss in place at 67.85 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 67.69, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

EIX Ratings for May 16:

Term →Near Mid Long
Rating Weak Weak Strong
P1 0 0 63.61
P2 69.59 67.69 67.62
P3 70.62 69.85 71.53
Triggers may have already come
Support and Resistance Plot Chart for EIX

EIX Long Term Analysis for May 16 2022

Blue = Current Price
Red= Resistance
Green = Support

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