EDP RENOVAVEIS - Daily - Technical analysis published on 05/20/2024 (GMT)
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- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above
My targets
()
()
My analysis
EDP RENOVAVEIS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above . The next resistance located at is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at . After this resistance, buyers could then target .
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.1
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Additional analysis
Quotes
The EDP RENOVAVEIS price is 14.99 EUR. The price has increased by +1.70% since the last closing and was traded between 14.80 EUR and 14.99 EUR over the period. The price is currently at +1.28% from its lowest and 0% from its highest.14.80
14.99
14.99
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EDP RENOVAVEIS chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.61 | 13.11 | 13.88 | 14.99 | 15.57 | 16.71 | 17.71 |
| Change (%) | -15.88% | -12.54% | -7.40% | - | +3.87% | +11.47% | +18.15% |
| Change | -2.38 | -1.88 | -1.11 | - | +0.58 | +1.72 | +2.72 |
| Level | Major | Intermediate | Major | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.13 | 14.43 | 14.59 | 14.89 | 15.05 | 15.35 | 15.51 |
| Camarilla | 14.61 | 14.66 | 14.70 | 14.74 | 14.78 | 14.82 | 14.87 |
| Woodie | 14.05 | 14.40 | 14.51 | 14.86 | 14.97 | 15.32 | 15.43 |
| Fibonacci | 14.43 | 14.61 | 14.72 | 14.89 | 15.07 | 15.18 | 15.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.03 | 13.59 | 14.17 | 14.73 | 15.31 | 15.87 | 16.45 |
| Camarilla | 14.43 | 14.53 | 14.64 | 14.74 | 14.85 | 14.95 | 15.05 |
| Woodie | 13.03 | 13.60 | 14.17 | 14.74 | 15.31 | 15.88 | 16.45 |
| Fibonacci | 13.59 | 14.03 | 14.30 | 14.73 | 15.17 | 15.44 | 15.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.63 | 11.27 | 12.07 | 12.71 | 13.51 | 14.15 | 14.95 |
| Camarilla | 12.47 | 12.61 | 12.74 | 12.87 | 13.00 | 13.13 | 13.27 |
| Woodie | 10.71 | 11.31 | 12.15 | 12.75 | 13.59 | 14.19 | 15.03 |
| Fibonacci | 11.27 | 11.82 | 12.16 | 12.71 | 13.26 | 13.60 | 14.15 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 66.71 | |
| MACD (12,26,9): | 0.5400 | |
| Directional Movement: | 23.95 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 14.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.54 | |
| Elder Ray (13): | 0.55 | |
| Super Trend (3,10): | 13.52 | |
| Zig ZAG (10): | 14.95 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 86.51 | |
| TEMA (21): | 15.12 | |
| Williams %R (14): | -13.62 | |
| Chande Momentum Oscillator (20): | 1.73 | |
| Repulse (5,40,3): | 1.6600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4400 | |
| Courbe Coppock: | 28.43 |
| MA7: | 14.77 | |
| MA20: | 13.74 | |
| MA50: | 13.23 | |
| MA100: | 14.21 | |
| MAexp7: | 14.69 | |
| MAexp20: | 14.01 | |
| MAexp50: | 13.68 | |
| MAexp100: | 14.13 | |
| Price / MA7: | +1.49% | |
| Price / MA20: | +9.10% | |
| Price / MA50: | +13.30% | |
| Price / MA100: | +5.49% | |
| Price / MAexp7: | +2.04% | |
| Price / MAexp20: | +7.00% | |
| Price / MAexp50: | +9.58% | |
| Price / MAexp100: | +6.09% |
Quotes :
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15 min delayed data
-
Euronext Lisbonne
News
Don't forget to follow the news on EDP RENOVAVEIS. At the time of publication of this analysis, the latest news was as follows:
- EDP Renewables North America Announces Operations Commencement of Sharp Hills Wind Farm in Alberta, Canada
- EDP Renewables North America Launches the Close the Loop Program
- EDP Renewables net profit increases to 467 million euros in the first nine months of 2023
- EDPR NA Distributed Generation Launches 23 MW Solar Plus 60 MWh Storage Project for Mohave Electric Cooperative
- EDP Renewables and NIPSCO Enter Into Long-Term Agreement for the 198-Megawatt Carpenter Wind Farm in Indiana
This member declared not having a position on this financial instrument or a related financial instrument.
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