Edison International (EIX, $67.64) comparing earnings for Q4 for 2022 and Q4 for 2021
A major utility holding corporation, Edison International (EIX), distributes electricity to millions of customers throughout California. The EIX Stochastic Oscillator exited oversold area as of February 14, 2023, which may be a bullish indication for the stock.
EIX announced earnings of $1.34 per share for the fourth quarter of 2022, exceeding analysts' expectations of $1.27 per share. When compared to the same quarter in the prior year, when earnings were announced at $1.05 per share, this is a 27.8% increase. In addition, EIX's revenue for the quarter increased by 9.9% to $4.4 billion from the same period in 2021.
A technical momentum indicator that compares a security's closing price to its price range over a predetermined amount of time is the stochastic oscillator. The indicator signals that the security may be ready for a bullish rise when it exits an oversold condition. The EIX Stochastic Oscillator moved out of the oversold area on February 14, 2023, suggesting that the stock may be primed for an uptick.
According to Tickeron's A.I.dvisor, a tool that uses artificial intelligence to analyze stocks, there have been 58 instances in the past where the Stochastic Oscillator for EIX moved out of the oversold territory. Of those 58 instances, the stock moved higher in 41 cases or over 71% of the time. This suggests that the odds of a move higher for EIX are favorable.
EIX's strong earnings performance in Q4 2022 combined with the recent movement of the Stochastic Oscillator out of oversold territory may present an attractive opportunity for traders to consider buying the stock or buying call options.
EIX's RSI Indicator climbs out of oversold territory
The RSI Oscillator for EIX moved out of oversold territory on February 18, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 19 similar instances when the indicator left oversold territory. In of the 19 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for EIX just turned positive on February 10, 2025. Looking at past instances where EIX's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EIX advanced for three days, in of 334 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Momentum Indicator moved below the 0 level on February 20, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on EIX as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The 50-day moving average for EIX moved below the 200-day moving average on January 27, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EIX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for EIX entered a downward trend on February 20, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.960) is normal, around the industry mean (1.723). P/E Ratio (22.650) is within average values for comparable stocks, (23.516). EIX's Projected Growth (PEG Ratio) (0.751) is slightly lower than the industry average of (2.634). Dividend Yield (0.043) settles around the average of (0.074) among similar stocks. P/S Ratio (1.660) is also within normal values, averaging (3.121).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. EIX’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. EIX’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 69, placing this stock worse than average.
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General Information
Supplies electricity and operates power facilities
Industry ElectricUtilities