Edison International: rough week, declared stops breached
Edison International stock drops 8%: SL1 and breakeven stop breached
Edison International: rough week, declared stops breached
Our view last week
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.
This week's summary
Edison International stock closed the week down 8%, its sharpest drop in months: sellers dominated the tape and money flow turned negative. Edison International shares still sit above the 50-week average, with a sequence of higher lows on the daily chart running from the 74 area toward 78. Price closed below the first stop level (SL1) and the breakeven stop flagged in last week's card (74.43 area, 75.67 area): for anyone following those levels the trade is closed.
IQS Phase
48
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#48 / 120
US stocks in progress
Trade P&L %
-3.04%
from signal to date, no stop loss
Rank position
ranks 48th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimeweak phase
Performanceweekly -4.19% · monthly -0.94%
EIX belongs to the utilities sector (reference ETF XLU). The sector is classified weak phase according to our weekly reading.
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