A look at its monthly performance shows that Consolidated Edison, Inc. (NYSE:ED) has recorded a -8.79% fall over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -6.17% and is now down by -0.69% since start of this year. The equity price sank -0.81% this week, a trend that has led to both investors and traders taking note of the stock. Its equity price dipped by -2.37% over the past three months which led to its overall six-month decrease to stand at -4.15%.
The shares of Consolidated Edison, Inc. (ED) dropped by -9.95% or -$8.39 from its last recorded high of $84.32 which it attained on December 13 to close at $75.93 per share. Over the past 52 weeks, the shares of Consolidated Edison, Inc. has been trading as low as $71.12 before witnessing a massive surge by 6.76% or $4.81. This price movement has led to the ED stock receiving more attention and has become one to watch out for. It dipped by -0.81% on Sunday and this got the market worried. The stock’s beta now stands at 0.09 and when compared to its 200-day moving average and its 50-day moving average, ED price stands -2.31% below and -3.23% below respectively. Its average daily volatility for this week is 1.52% which is less than the 2.4% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Consolidated Edison, Inc. with most of them predicting a $78.8 price target on a short-term (12 months) basis. The average price target by the analysts will see a 3.78% rise in the stock and would lead to ED’s market cap to surge to $24.74B. The stock has been rated an average 3.3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 17 analysts that track Consolidated Edison, Inc. (NYSE:ED) and find out that 11 of them rated it as a Hold. 1 of the 6 analysts rated it as a Buy or a Strong Buy while 5 advised investors to desist from buying the stock or sell it if they already possess it.
A look at ED technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 41.9 point. Its trading volume has lost -1040367 shares compared to readings over the past three months as it recently exchanged 1369633 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2410000 shares, and this is 0.57 times the normal volume.
The price of LyondellBasell Industries N.V. (NYSE:LYB) currently stands at $86 after it went down by $-1.4 or -1.6% and has found a strong support at $85.47 a share. If the LYB price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $84.95 mark would also be bad for the stock as it means that the stock would plunge by 1.22% from its current position. However, if the stock price is able to trade above the resistance point around $86.84, then it could likely surge higher to try and break the upward resistance which stands at $87.69 a share. Its average daily volatility over the past one month stands at 3.15%. The stock has plunged by 0.24% from its 52-weeks high of $85.79 which it reached on Jan. 29, 2018. In general, it is 9.86% above its 52-weeks lowest point which stands at $77.52 and this setback was observed on Dec. 26, 2018.
The LYB stock Stochastic Oscillator (%D) is at 84.07%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 0.85 which compares to the 2.42 recorded by the industry or the 13.2 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 7.68, which is higher than the 6.66 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 15.5% over the past five years.
Analysts view LyondellBasell Industries N.V. (NYSE:LYB) as a Hold, with 2.6 consensus rating. Reuters surveyed 18 analysts that follow LYB and found that 10 of those analysts rated the stock as a Hold. The remaining 8 were divided, with 7 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying LyondellBasell Industries N.V. (LYB) shares or sell it if they already own it.