ED
Consolidated Edison, Inc.
Consolidated Edison is a utility powerhouse providing electricity, gas, and steam to New York City and Westchester, known for its extreme reliability and decades of dividend growth.
Historical oversold levels
Track when ED has reached extreme oversold conditions (XTRM below -125) historically. These levels represent prolonged periods in extreme territory and often present potential opportunities.
ED has no extreme XTRM events on the weekly timeframe.
What is ED?
Checking out ConEd is like looking at the backbone of New York City. Formed back in 1823 as the New York Gas Light Company, it is one of the oldest investor-owned energy companies in the United States. Over two centuries, it has evolved through various mergers and technological shifts to become the giant we know today, keeping the lights on for millions of people across the world's most famous skyline.
The core business model is centered on regulated utilities. Through its primary subsidiaries, Consolidated Edison Company of New York and Orange and Rockland Utilities, they deliver electricity, natural gas, and steam. They do more than just serve residential areas; they manage the most complex underground electric system in the world and the largest district steam system globally, which provides heating and cooling to iconic buildings like the Empire State Building.
Historically, ConEd has hit massive milestones, including the opening of the Pearl Street Station by Thomas Edison in 1882. More recently, the company executed a pivotal strategic shift by selling its clean energy business to focus purely on core regulated utility operations. This move sharpened their focus on infrastructure reliability and grid modernization within their primary service territories in New York and New Jersey.
Financially, ConEd is a fortress for conservative investors. It is a recognized dividend aristocrat, having increased its annual dividend for nearly five decades. This makes it a staple for income-seeking portfolios that value stability. Their revenue is largely decoupled from usage volume, meaning their earnings are driven by capital investment and regulatory approvals rather than just seasonal power consumption.
Looking toward 2026, the strategic outlook is dominated by their Clean Energy Commitment. ConEd is investing billions into transmission projects to bring offshore wind and upstate solar into the city. By 2026, expect to see significant progress in their transition toward a net-zero future and a massive rollout of electric vehicle charging infrastructure. They are positioning themselves as the primary facilitator of New York’s aggressive climate goals.
What is the XTRM Indicator?
The XTRM (Extreme) Indicator is a proprietary momentum indicator that measures cumulative time spent in extreme territory. Unlike traditional oscillators like RSI that measure a snapshot in time, XTRM accumulates how long an asset remains in oversold or overbought conditions, providing a deeper understanding of momentum exhaustion.
For ED, monitoring the XTRM indicator provides valuable insights into prolonged extreme conditions. When the XTRM drops significantly below zero (especially below -125), Consolidated Edison, Inc. has been in oversold territory for an extended period, suggesting potential for a reversal. Conversely, high positive XTRM values indicate extended overbought conditions.
Understanding ED XTRM Signals
- Deep Oversold (XTRM below -125): When ED XTRM falls below -125, it indicates prolonged time in extreme oversold conditions. This cumulative measure often provides stronger reversal signals than single-day oversold readings.
- Neutral Zone (XTRM near 0): When XTRM hovers around zero, ED is in a balanced state without extended extreme conditions. This can indicate consolidation or indecision in the market.
- Overbought (XTRM above +10): An XTRM above +10 indicates ED has been in overbought territory for an extended period, potentially signaling an overextended rally and increased risk of pullback.
Daily vs Weekly XTRM for ED
This page displays both daily and weekly XTRM for ED. The daily XTRM tracks short-term cumulative extremes, useful for identifying swing trading opportunities. The weekly XTRM provides a longer-term perspective on momentum exhaustion, helping investors spot major turning points.
By analyzing both timeframes together, you can identify when Consolidated Edison, Inc. is experiencing extreme conditions at multiple time scales, which often leads to the strongest reversal setups.
Historical XTRM Extreme Analysis
Above, we track historical instances when ED XTRM dropped below -125 (extreme oversold territory). These periods represent times when Consolidated Edison, Inc. spent extended periods in oversold conditions, which historically have presented some of the best buying opportunities. Analyzing how ED behaved after reaching these extreme XTRM levels can help inform future trading decisions.
