Exelon Corp

EXC remains in Stage 3 distribution despite a longer-term uptrend, with a clear support failure raising downside acceleration risk. Medium-term bias is bearish given the distribution structure and downtrending 9/21 EMAs. Short-term timing is also bearish as price trades below sloped EMAs with follow-through. Execution calls for an immediate sell at the breakdown zone to manage further downside exposure.

• ↑2026 operating EPS of $2.81–$2.91 reaffirmed by management
• ↑Plans $41.3B capex over 2025–28, with 70% toward transmission
• ↓Pennsylvania’s withdrawn rate cases threaten investment recovery