EIX Technical Signal Analysis
EIX have 2 buy signals and 1 sell signal now. The current trend is consolidation starting from 2025-03-10. The total price change during this trend is -2.04%. Recently, the price has increased significantly with an increase in volume, indicating a strong bullish signal. The average turnover of EIX over last 5 trading day is $223,471,104.69
2 Bullish Signal
1 Bearish Signal
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
2.59
Bullish
Momentum (10 days)
MOM_10 > 0
4.49
Bullish
Name
Signal
Value
Meaning
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.28
Bearish
2 Bullish Signal
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
2.59
Bullish
Momentum (10 days)
MOM_10 > 0
4.49
Bullish
EIX Support and Resistance Level
The support levels for EIX are at 52.53, 50.96, and 48.41, while the resistance levels are at 57.62, 59.19, and 61.73. With the current stock price at 55.83, it is leaning more toward the resistance levels.
EIX Technical Analysis
Technical Analysis of EIX Stock
Current Price and Technical Indicators:
- Current Price: $56.72 (as of 2025-03-07)
- RSI (14-period): 54.48 (neutral, not overbought or oversold)
- MACD: -0.93 (slightly bearish, but signal line is above MACD line, suggesting potential bullish crossover)
- Stochastic Oscillator: %K (85.35) and %D (82.03) (overbought region, potential pullback)
- Fibonacci Levels:
- Pivot Point: $53.84
- Resistance 1 (R1): $56.19
- Support 1 (S1): $51.50
Price Action and Trends:
- EIX is currently testing the upper Fibonacci resistance level at $56.19.
- The stock has shown a recent uptrend but may face resistance at the current level.
- The Stochastic Oscillator indicates overbought conditions, suggesting a potential short-term pullback.
Volume Analysis:
- Volume: 3,749,891 (higher than the 20-day average, indicating strong buying interest)
Conclusion:
Based on the technical analysis, EIX is approaching a resistance level with overbought conditions. The current price of $56.72 is near the Fibonacci resistance level, and the Stochastic Oscillator suggests a potential pullback.
Recommendation: Sell EIX at the current price of $56.72, as it is likely to face resistance and correct downward due to overbought conditions.
EIX FAQs
Which bull technical signals does EIX have?
Which bearish technical signals does EIX have?
How reliable is technical analysis?
How can I use moving averages to set entry and exit points for EIX stock?
Is EIX a buy based on overall technical signals summary?
EIX Buy or Sell
EIX has 2 buy signals and 1 sell signals now. Overall the technical rating for EIX is Neutral.
Neutral
Sell
1
Buy
2
EIX Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 55.83 below the SMA_5. In the short term, the stock shows a positive trend with the 56.15 above the SMA_20. In the mid term, the stock shows a negative trend with the 53.66 below the SMA_60. In the long term, the stock shows a negative trend with the 61.81 below the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Positive
SMA_5 Above SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Negative
SMA_60 Below SMA_200
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What do technical indicators suggest about EIX's current trend?What are EIX's key support and resistance levels?