EIX Price Prediction Next Week
Technical Analysis: Based on the latest data, EIX has shown significant bearish momentum, with the stock price dropping sharply to $50.06 on February 14, 2025 . The technical indicators suggest continued downward pressure:
- RSI (14) at 26.44 indicates oversold conditions
- MACD is negative at -4.97 with a bullish divergence (MACD histogram: 0.57)
- Stochastic (14,3,3) at 24.02 shows oversold conditions
- Price is trading well below all major moving averages (SMA 5: $51.05, SMA 20: $54.51, SMA 200: $76.57)
News Impact Analysis: Recent significant developments affecting EIX:
- Morgan Stanley's Downgrade:
- Lowered price target from $71 to $48
- Maintained "Underweight" rating
- Key concern: California wildfire fund adequacy
- Eaton Fire Impact:
- Estimated damages could reach $13.5 billion
- Potential depletion of state's $21 billion wildfire fund
- Increased financial risk exposure for utilities
Price Projection for Next Week: Based on technical and fundamental factors:
Target Price Range: $47.50 - $51.00
- Support levels: $46.86 (Fibonacci S3), $48.55 (Fibonacci S2)
- Resistance levels: $51.28 (Fibonacci pivot), $52.97 (Fibonacci R1)
Trading Recommendation: SELL Rationale:
- Severe downward momentum
- Significant financial risks from wildfire liabilities
- Negative analyst sentiment
- Breaking below key support levels
While technical indicators suggest oversold conditions, the fundamental risks outweigh potential technical bounces. Traders should consider short positions with stops above $52.14 (recent high).
EIX Similar Chart Price Prediction
The price of EIX is predicted to go up 5.52%, based on the high correlation periods with TENX. The similarity of these two price pattern on the periods is 98.69%.
EIX
TENX
Up: 5.52%Similarity: 98.69%
EIX Revenue Forecast
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EIX VS S&P500
With Edison's $7 billion of planned annual investment during the next four years, we project 7% average annual earnings growth.
Edison has raised its dividend for 20 consecutive years to $3.12 in 2024, a 6% increase from 2023. We expect similar dividend growth for the foreseeable future.
California's focus on renewable energy, energy storage, and distributed generation should bolster Edison's investments in transmission and distribution infrastructure for many years.
EIX Analyst's Forecast
David Arcaro
Morgan Stanley
Sell
2025-02-14
Price Target
$71 → $48
Downside
-4.12%
JPMorgan analyst Richard Sunderland assumed coverage of Edison International (EIX) with a Neutral rating and $72 price target. With the shares having significantly underperforming year-to-date following recent wildfires in southern California, the pure-play California investor-owned utility has returned to valuations discounts last seen in 2021-2022, the analyst tells investors in a research note. However, the firm prefers shares of PG&E (PCG) over Edison, citing the former's more straightforward exposure to a California valuation re-rating. Eaton Fire facts and circumstances will remain a debate for Edison for some time, contends JPMorgan.
Richard Sunderland
JP Morgan
Hold
2025-02-12
Price Target
$72
Upside
+36.67%
Nicholas Campanella
Barclays
Buy
2025-01-23
Price Target
$76 → $67
Upside
+16.97%
