US stocks · Ongoing decline, week 9
Edison International bounces 2.4% after a fresh low the weekly close did not confirm
Our view last week
After a week of slower steps, the slide in Edison International stock has picked up pace again: down 4.8%, with 90% of the weekly volume on the sell side and the price pinned to its lows. The technical analysis still finds no floor and price action trading points down: the MACD histogram has fallen for 9 weeks, money flow keeps sinking and the ADX has risen for 4. The weekly RSI drops to 28.8, oversold, the only counterweight. The short is up 23% since entry.
This week's summary
A fresh 30-week low, in the 51 area, that the weekly close did not confirm: Edison International stock ends the week up 2.4%, its first gain after 5 straight declines. Last week the slide was speeding up; now the technical analysis shows a pause, with the MACD histogram rising after 9 weeks and the weekly RSI back above 30. Price action still points down: 4 lower highs on the daily chart and negative money flow. The short is up 21% since entry.
IQS Phase
59
ordinary
Signal Strength
33
decline losing steam
Sizing
REDUCED
Ranking
#77 / 175
US stocks
Trade P&L %
+21.47%
from signal to date, no stop loss
Edison International (EIX) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 77th among the 175 sell signals for US stocks in our ranking, with a signal strength of 33 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimeweak phase
Performanceweekly +0.81% · monthly -6.66%
EIX belongs to the utilities sector (reference ETF XLU). The sector is classified weak phase according to our weekly reading.
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