Consolidated Edison stock forecast: down to 91.88 USD ED stock price prognosis
Forecast for Tue 23 May 2023 price
Consolidated Edison stock price forecast for further price development down to -3.36% (time horizon: 1 day) and price target of 91.88 USD. Positive news sentiment. Short-term (time horizon: 2 weeks) Consolidated Edison share price prediction for 2023-05-23 with daily closed price projections
News <--> Close correlation for next day influence (0.02)
Earnings per share
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Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.
Meta analyst score 62.55/100
Not in ideal financial position.
Historical view, profit is growing.
Company revenue is growing faster compared with the industry.
Stock price is under book price value.
Institutional ownership list is based on filling form information
Bollinger Bollinger Bands for Consolidated Edison can provide the information where the market is moving based on price information.
Consolidated Edison Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.
Converting prices to returns Consolidated Edison.
On-Balance Volume information for Consolidated Edison. On-Balance Volume information can be an indicator for bullish or bearish outcome.
Accumulation / Distribution (A/D) indicator information for Consolidated Edison. The indicator identify divergences between price and volume flow.
Aroon Oscillator information for Consolidated Edison. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.
Average Directional Index (ADX) information for Consolidated Edison. The index can be used to identify the strengh of a trend.
Moving Average Convergence Divergence (MACD) for Consolidated Edison. The indicator helps to predict trend direction and the momentum of the trend.
Stochastic Oscillator as momentum indicator for Consolidated Edison. The indicator is useful for identifying overbought and oversold levels.
Relative Strength Index (RSI) for Consolidated Edison. RSI is a momentum oscillator that measures the speed and change of price development.
The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period.
Primary usage of the indicator is to identify overbought or oversold signals.
When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30
Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio
The forecast (dashed curve) of the share price performance is based on historical data.
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