Edison International stock, weekly technical analysis
Edison International (+2.7%): double bottom confirmed, first target already hit
Edison International stock, weekly technical analysis
Our view last week
Edison International shares gain 3.2% this week and push back toward their recent highs, after the clean double bottom in the 71 area two weeks ago. The buy signal is still standing, but signal strength eases slightly to 35 out of 100, and our weekly technical analysis says don't chase the move: better to wait for a pullback. Earnings land in the next few days.
This week's summary
Edison International closes the week up 2.7%, confirming the double bottom in the 71 area from two weeks ago. The buy signal stays active and the first target of our model has already been hit. The Utilities sector is moving in step with the stock, with the reference ETF XLU up 2.48% this week. The price is nearing recent highs though, already tested multiple times: the discipline is to wait for a pullback before adding a fresh entry.
IQS Phase
69
in tension
Signal Strength
33
medium · weak
Sizing
REDUCED
Ranking
#109 / 124
US stocks in progress
Trade P&L %
+5.39%
from signal to today
Rank position
ranks 109th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 33 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimein positive regime
Performanceweekly +2.48% · monthly +1.65%
EIX belongs to the utilities sector (reference ETF XLU). The sector is classified in positive regime according to our weekly reading.
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