Edison International: confirmed setup, contested highs
Edison International slips 0.6% as the buy signal stays confirmed
Edison International: confirmed setup, contested highs
Our view last week
Edison International enters a new buy signal, confirmed by the week following entry. The weekly structure stays solid — three of the four structural averages aligned, price above the Ichimoku cloud — but signal strength is only medium-weak, at 38 out of 100, with reduced suggested sizing. The stock ranks 98th among the 125 buy positions already running for US stocks.
This week's summary
Edison International tests its recent highs for the third time in ten weeks: the week closes down 0.6%, after the 7% rebound off the double bottom near 70. The buy signal stays confirmed, with strength unchanged at 38 out of 100 from last week. Our weekly technical analysis calls for caution on timing, with earnings due in two weeks.
IQS Phase
76
in tension
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#96 / 129
US stocks in progress
Trade P&L %
-0.62%
from signal to today
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