How the (ED) price action is used to our Advantage
June 08, 2024, 20:34 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ED
- Buy ED slightly over 91.22 target 95.47 stop loss @ 90.96 Details
The technical summary data tells us to buy ED near 91.22 with an upside target of 95.47. This data also tells us to set a stop loss @ 90.96 to protect against excessive loss in case the stock begins to move against the trade. 91.22 is the first level of support below 91.61 , and by rule, any test of support is a buy signal. In this case, support 91.22 is being tested, a buy signal would exist.
- Short ED slightly under 95.47, target 91.22, stop loss @ 95.75 Details
The technical summary data is suggesting a short of ED as it gets near 95.47 with a downside target of 91.22. We should have a stop loss in place at 95.75though. 95.47 is the first level of resistance above 91.61, and by rule, any test of resistance is a short signal. In this case, if resistance 95.47 is being tested, a short signal would exist.
Swing Trading Plans for ED
- Buy ED slightly over 93.05, target 95.47, Stop Loss @ 92.78 Details
If 93.05 begins to break higher, the technical summary data tells us to buy ED just slightly over 93.05, with an upside target of 95.47. The data also tells us to set a stop loss @ 92.78 in case the stock turns against the trade. 93.05 is the first level of resistance above 91.61, and by rule, any break above resistance is a buy signal. In this case, 93.05, 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 ED slightly near 93.05, target 91.22, Stop Loss @ 93.32. Details
The technical summary data is suggesting a short of ED if it tests 93.05 with a downside target of 91.22. We should have a stop loss in place at 93.32 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, 93.05, 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 ED
- Buy ED slightly over 91.74, target 93.05, Stop Loss @ 91.53 Details
If 91.74 begins to break higher, the technical summary data tells us to buy ED just slightly over 91.74, with an upside target of 93.05. The data also tells us to set a stop loss @ 91.53 in case the stock turns against the trade. 91.74 is the first level of resistance above 91.61, and by rule, any break above resistance is a buy signal. In this case, 91.74, 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 ED slightly near 91.74, target 91.22, Stop Loss @ 91.95. Details
The technical summary data is suggesting a short of ED if it tests 91.74 with a downside target of 91.22. We should have a stop loss in place at 91.95 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, 91.74, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Consolidated Edison Inc. (ED) available here: ED.
ED Ratings for June 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
87 |
| P2 |
91.01 |
90.73 |
91.22 |
| P3 |
91.74 |
93.05 |
95.47 |
AI Generated Signals for ED
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Consolidated Edison Inc. (NYSE: ED) data table below can help you with price action, and we have more details too. Trading plans for ED are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ED:
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