Consolidated Edison (ED) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for ED · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$108.41last close · Aug 4, 202652-week range $94.96$116.23 · 6.73% below the high
Symmetrical Triangle · playing out now

ED is breaking down from a symmetrical triangle — a sign the recent run may be rolling over.

On this chart, setups like it have followed through about 58% of the time.

As long as price stays below $115.9, it's in play — a daily close back above there calls it off.

The move's natural target sits near $101.6.

ED Falling Wedge Pattern

ED is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.

DirectionBullishTarget$112.98Projected move+5.6%Breakout level$107.08

New to this pattern? What a falling wedge is and how to trade it →

How Falling Wedges Have Performed

Win rate
56.2%
Avg return
+0.55R
Backtested trades
8,465
ED win rate
58.3%

Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.

How these backtests work →

ED Pattern Trade History

Every completed pattern trade our nightly backtest found on ED's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
TriangleJun 24, 2026 @ $109.33Jul 9, 2026 @ $110.27Win+0.26R
Falling WedgeJun 10, 2026 @ $109.01Jul 9, 2026 @ $110.27Win+0.20R
TriangleJan 14, 2026 @ $100.70Feb 9, 2026 @ $106.68Win+2.43R
TriangleJan 7, 2026 @ $99.70Feb 9, 2026 @ $106.68Win+2.55R
TriangleAug 1, 2025 @ $104.61Aug 18, 2025 @ $99.74Loss-1.18R
Falling WedgeJul 17, 2025 @ $100.61Sep 2, 2025 @ $97.20Loss-1.04R
TriangleJun 16, 2025 @ $101.04Aug 4, 2025 @ $105.36Loss-1.02R
Rising WedgeApr 4, 2025 @ $108.17May 13, 2025 @ $102.04Win+0.91R
Bullish PennantOct 15, 2024 @ $106.16Nov 1, 2024 @ $100.00Loss-1.18R
TriangleApr 19, 2024 @ $91.51May 14, 2024 @ $96.64Win+1.25R
Falling WedgeFeb 13, 2024 @ $88.20Apr 23, 2024 @ $92.84Loss-1.00R
TriangleDec 1, 2023 @ $91.16Dec 21, 2023 @ $89.21Loss-1.08R

ED Support and Resistance Levels

Price is bouncing off a floor near $104.63 and starting to climb. On the weekly chart, the next ceiling overhead sits near $121.38 — about 12% away.

  • Traders commonly watch $121.38 as a target (its 200% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $104.63 floor just now, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

Nearest auto-detected support sits near $103.27, resistance near $114.87. These are chart/swing-derived levels, not formula pivots.

Resistance
$114.87$115.33$123.68$125.00$136.05
Support
$103.27$102.70$101.08$98.09

ED Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$107.41$108.67$106.12$108.41
Aug 3, 2026$108.30$109.25$107.41$107.95
Jul 31, 2026$109.00$109.94$108.22$108.85
Jul 30, 2026$111.77$112.03$108.58$109.66
Jul 29, 2026$112.58$114.21$111.44$112.25
Jul 28, 2026$112.79$114.58$111.90$111.98
Jul 27, 2026$112.37$113.36$111.39$111.50
Jul 24, 2026$113.20$114.47$112.57$113.01
Jul 23, 2026$111.36$113.01$110.98$112.79
Jul 22, 2026$111.13$112.32$110.15$112.09

ED Frequently Asked Questions

What chart pattern is ED forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a falling wedge on Consolidated Edison (ED) on the daily chart, with a measured-move target of $112.98.
Is a falling wedge bullish or bearish?
The falling wedge detected on ED is a bullish pattern, projecting a measured-move target of $112.98. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,465 trades over 631 symbols), it resolved in the expected direction 56.2% of the time with an average of +0.55R. These are historical statistics, not a prediction.
What are the support and resistance levels for ED?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), ED's nearest support is around $103.27 and nearest resistance around $114.87.
What is the price target if ED's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $112.98 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was ED's closing price on Aug 4, 2026?
Consolidated Edison (ED) last closed at $108.41 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.