EDISON long options plays 9/25Another drought play
NYSE:EIX
$75 17 nov call
$75 19 Jan call (the more conservative option, but also slightly pricer)
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EIX trade ideas
Edison International AnalysisEdison International, a company of a worthy name but unworthy financials.
For the past 7 years, their profit margin was between 5% and 10% per year, except in 2018 where it went negative. Let's call that a decent performance for a utility company, one bad year can happen to anyone.
But where things get interesting is its debt. For one reason or another, Edison has been steadily growing its debt year after year which can best be seen by looking at its debt/equity. The ratio has been steadily growing from 1.04 in 2016 to 2.12 in 2022, a very slow, steady and consistent journey to where you do not want to go. To make the picture even grimmer, the company didn't have a single year with positive free cash flow since 2016, which certainly didn't help with debt.
Now, those decent profit margins, in the context of that debt, raise a question - Is the company making money just so it can spend more money it doesn't have ?
I don't know what the folks at Edison have in mind, but it appears as things in there run in reverse. As if good business is building debt instead of equity and never having any cash at your disposal. Or maybe I've got it wrong, who knows.
Anyway, we'll find out, to modify Warren Buffett - time will tell who's been swimming naked.
Have A Great Day.
$EIX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $EIX after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 63.64%.
$EIX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $EIX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 60%.
EIX - Previous High Previous High Leading to a Future Low shown with a horizontal line. This is also contained within a drawn upward channel
A large inverted Head and Shoulders pattern can also be observed on chart
$EIX with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $EIX after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
$EIX - two separate screeners have this stockManage your risk. I grabbed some calls on this for June 18 expiration.
I will cut it if it does not get above the volume shelf soon.
Good news is if you grab calls now, you are in for less than my entry.
EDISON INTERNATIONAL technically based analysis
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💡 EIX technically based idea, we can see price is bounce from bottom trend line, technically indicators showing we can expect higher bullish continuation, based on technically readings expecting to see BREAK of first zone (green line) and higher bullish continuation till targets marked on chart.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
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EDISON INTERNATIONAL daily analysisHi friends
the daily chart of this market shows with a high probability that the first goal will be the level of 70.04 and if there will be a breakout at this level the second goal will be the level 80.17
EDISON INTERNATIONAL Strategy DailyHey guys, EDISON INTERNATIONAL is in a fake bearish movement with a small volume of sells and a shadow of sellers. On the TIMEFRAME M1 we see a panic with an abnormal sales volume, it goes towards its last previous lower to turn around. Great likelihood of reaching the high point (See TIMEFRAME H1) between catching up on losses from the last session and before. With the buying push at the rendezvous we can arrive on the top of after that we find on the MULTIFRAME Daily H4 and H1.
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EIX a potential longUtilities sector are a big bore but seems it is doing a continuation pattern after a hefty pullback. I would place a long for the funz here, especially on ex-dividend date where price drops. I would be wary of SPX rally exhausting but if the employment data surprises positively then it can go similar to last month's rally before pullback.
EIX testing resistance lineEIX consolidating yesterday at support and today we move up and make our higher low on the 4h. Good bullish momentum. Scroll out and you can see a triangle forming. Should EIX break that resistance line, they'll receive continuation.
*Not financial advice
EIX - DAY TRADE Hi, today we are going to talk about EIX and in a Day Trade opportunity.
We observe a 15m chart, some important points such as supports and resistances (and levels of strength) to the Day Trade. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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EXI - Call OpportunityEIX had a major gap down from 80 all the way down to 60 where it's trying to make its next run up. There is currently resistance at 70 and uptrend support at 67.50. 9 and 21 EMA at both about 68. Looking for dip buy opportunity at 68ish, looking for the break out at 70. MACD is about to confirm bullish cross on daily. This looks like a slight cup and handle break out opportunity. We'll keep a tight stop loss under 67.00
$EIX long swing trade in retracementNYSE:EIX Nice relative strength in EIX today. Bullish stochastic cross and nice reaction in the recent retracement of an intact uptrend. Aiming right below the highest close of the last high.
EIX to 80I thought I had this idea before but somehow it didn't post. Trade void should price close below 67. Today already gave a few entry opportunities. There may or may not be more tomorrow.
EIX double bottom breakDB SELL is where price can come after this nice double bottom break.
if not, then BUY and SELL in trading range.
