| Consolidated Edison is a holding company. Through its subsidiaries, Co. is engaged in provision of energy services. Co.'s subsidiaries include: Consolidated Edison Company of New York, Inc., which operates regulated electric, gas and steam delivery businesses; Orange & Rockland Utilities, Inc., which operates regulated electric and gas delivery businesses; Con Edison Clean Energy Businesses, Inc., which develops, owns and operates renewable and energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc., which invests in electric and gas transmission projects. |
When researching a stock like Consolidated Edison, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from ED Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for ED stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the ED 200 day moving average ("ED 200 DMA"), while one of the most popular "shorter look-backs" is the ED 50 day moving average ("ED 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Consolidated Edison. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the ED 200 DMA and the ED 50 DMA, we get a moving average convergence divergence indicator ("ED MACD"). The ED MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart).