Technical Analysis of Consolidated Edison

Consolidated Edison, commonly known as Con Edison, is a leading energy company based in the United States. With the ticker symbol ED, the company provides electric, gas, and steam services to customers in New York City and Westchester County.

Consolidated Edison's stock has been underperforming in recent months, experiencing a prolonged downtrend. However, there are signs that the stock is attempting to reverse this downward trend. 

From a technical analysis perspective, the stock has shown some positive signals. The price has formed a support level around a key price point, indicating potential buying interest. Additionally, the stock's relative strength has increased, suggesting increasing buying pressure.

While it is still early to determine if this reversal will be sustained, investors should closely monitor the stock's price action and key technical indicators for further confirmation.