Stock Price Trends

Consolidated Edison Inc (ED)

Consolidated Edison, Inc., commonly known as Con Edison (stylized as conEdison) or ConEd, is one of the largest investor-owned energy companies in the United States, with approximately $12 billion in annual revenues as of 2017, and over $48 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries.

Stock Price Trends

Stock price trends estimated using linear regression.

Key facts

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 16.84% per annum.
  • ED price at the close of October 3, 2025 was $98.81 and was inside the primary price channel.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 47.16% per annum.
  • ED price at the close of October 3, 2025 was inside the secondary price channel.
  • The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.

Linear Regression Model

Model equation:
Yi = α + β × Xi + εi

Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)

Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)

where:

i - observation number
Yi - natural logarithm of ED price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e


Primary Trend

Start date: March 14, 2025
End date: October 3, 2025

a = 5.4996

b = -0.0005

s = 0.0246

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -16.84%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0246) – 1
= 10.35%

March 14, 2025 calculations

Top border of price channel:

Exp(Y1,115)
= Exp(a + b × X1,115 + 2 × s)
= Exp(a + b × 1,621 + 2 × s)
= Exp(5.4996 + -0.0005 × 1,621 + 2 × 0.0246)
= Exp(4.7297)
= $113.26

Bottom border of price channel:

Exp(Y1,115)
= Exp(a + b × X1,115 – 2 × s)
= Exp(a + b × 1,621 – 2 × s)
= Exp(5.4996 + -0.0005 × 1,621 – 2 × 0.0246)
= Exp(4.6311)
= $102.63

October 3, 2025 calculations

Top border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(5.4996 + -0.0005 × 1,824 + 2 × 0.0246)
= Exp(4.6271)
= $102.21

Bottom border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(5.4996 + -0.0005 × 1,824 – 2 × 0.0246)
= Exp(4.5285)
= $92.62

Description

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 16.84% per annum.
  • ED price at the close of October 3, 2025 was $98.81 and was inside the primary price channel.

Secondary Trend

Start date: September 8, 2025
End date: October 3, 2025

a = 2.6644

b = 0.0011

s = 0.0105

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 47.16%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0105) – 1
= 4.28%

September 8, 2025 calculations

Top border of price channel:

Exp(Y1,236)
= Exp(a + b × X1,236 + 2 × s)
= Exp(a + b × 1,799 + 2 × s)
= Exp(2.6644 + 0.0011 × 1,799 + 2 × 0.0105)
= Exp(4.5897)
= $98.46

Bottom border of price channel:

Exp(Y1,236)
= Exp(a + b × X1,236 – 2 × s)
= Exp(a + b × 1,799 – 2 × s)
= Exp(2.6644 + 0.0011 × 1,799 – 2 × 0.0105)
= Exp(4.5478)
= $94.42

October 3, 2025 calculations

Top border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.6644 + 0.0011 × 1,824 + 2 × 0.0105)
= Exp(4.6161)
= $101.10

Bottom border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.6644 + 0.0011 × 1,824 – 2 × 0.0105)
= Exp(4.5742)
= $96.95

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 47.16% per annum.
  • ED price at the close of October 3, 2025 was inside the secondary price channel.