What chart pattern is ChartPattern.io tracking on Consolidated Edison?
ChartPattern.io is currently tracking Descending Triangle on Consolidated Edison in the Utilities stock. Secondary context includes Symmetrical Triangle and Descending Triangle.
Live Utilities stock scanner page for Consolidated Edison. Review the descending triangle setup, chart structure, and trade levels in one place.
Traders are watching Consolidated Edison (ED) as price action tightens. Price has moved to $106.73 (-0.71%) amidst recent volatility. The primary technical feature is a Descending Triangle formation. Volume is average (0.84x avg) with moderate trend strength (11.9). A potential breakout level is identified at $105.04, targeting $98.96 with support near $108.91 (R:R 1.57).
ED is part of the Utilities stock on ChartPattern.io. The scanner currently highlights Descending Triangle as the leading setup, with an entry near $105.04, a stop around $108.91, and a target near $98.96.
Descending Triangle
47/100 CP Index
Entry $105.04 · Stop $108.91 · Target $98.96
Live monitoring of the Descending Triangle setup on ED. See where price is heading.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Bearish continuation pattern.
What is your outlook on ED?
These answers make the page easier to scan for traders, search engines, and LLMs looking for quick context on ED.
ChartPattern.io is currently tracking Descending Triangle on Consolidated Edison in the Utilities stock. Secondary context includes Symmetrical Triangle and Descending Triangle.
The current trade plan points to an entry near $105.04, a stop near $108.91, and a target near $98.96.
Consolidated Edison currently leans neutral. The page is showing a CP Index of 47/100, which helps summarize the current technical setup.