EDP RENOVAVEIS - 1H - Technical analysis published on 08/01/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 25.37 EUR
My targets
26.18 EUR (+2.35%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EDP RENOVAVEIS as long as the price remains well above 25.37 EUR. The buyers' bullish objective is set at 26.18 EUR. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EDP RENOVAVEIS rating is 25.58 EUR. The price has increased by +1.11% since the last closing and was traded between 25.18 EUR and 25.60 EUR over the period. The price is currently at +1.59% from its lowest and -0.08% from its highest.25.18
25.60
25.58
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EDP RENOVAVEIS chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 23.81 | 24.68 | 25.37 | 25.58 | 26.18 |
| Change (%) | -6.92% | -3.52% | -0.82% | - | +2.35% |
| Change | -1.77 | -0.90 | -0.21 | - | +0.60 |
| Level | Minor | Major | Minor | - | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.34 | 24.09 | 24.69 | 25.44 | 26.04 | 26.79 | 27.39 |
| Camarilla | 24.93 | 25.05 | 25.18 | 25.30 | 25.42 | 25.55 | 25.67 |
| Woodie | 23.28 | 24.05 | 24.63 | 25.40 | 25.98 | 26.75 | 27.33 |
| Fibonacci | 24.09 | 24.60 | 24.92 | 25.44 | 25.95 | 26.27 | 26.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.51 | 22.62 | 23.96 | 25.07 | 26.41 | 27.52 | 28.86 |
| Camarilla | 24.63 | 24.85 | 25.08 | 25.30 | 25.53 | 25.75 | 25.97 |
| Woodie | 21.63 | 22.68 | 24.08 | 25.13 | 26.53 | 27.58 | 28.98 |
| Fibonacci | 22.62 | 23.56 | 24.13 | 25.07 | 26.01 | 26.58 | 27.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.13 | 20.71 | 23.01 | 24.59 | 26.89 | 28.47 | 30.77 |
| Camarilla | 24.23 | 24.59 | 24.94 | 25.30 | 25.66 | 26.01 | 26.37 |
| Woodie | 19.48 | 20.89 | 23.36 | 24.77 | 27.24 | 28.65 | 31.12 |
| Fibonacci | 20.71 | 22.20 | 23.11 | 24.59 | 26.08 | 26.99 | 28.47 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.25 | |
| MACD (12,26,9): | 0.2600 | |
| Directional Movement: | 16.44 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 25.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.82 | |
| Elder Ray (13): | 0.18 | |
| Super Trend (3,10): | 24.68 | |
| Zig ZAG (10): | 25.58 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 50.37 | |
| TEMA (21): | 25.59 | |
| Williams %R (14): | -47.41 | |
| Chande Momentum Oscillator (20): | -0.27 | |
| Repulse (5,40,3): | 1.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 2.23 |
| MA7: | 24.64 | |
| MA20: | 24.20 | |
| MA50: | 23.30 | |
| MA100: | 22.76 | |
| MAexp7: | 25.42 | |
| MAexp20: | 25.18 | |
| MAexp50: | 24.74 | |
| MAexp100: | 24.40 | |
| Price / MA7: | +3.81% | |
| Price / MA20: | +5.70% | |
| Price / MA50: | +9.79% | |
| Price / MA100: | +12.39% | |
| Price / MAexp7: | +0.63% | |
| Price / MAexp20: | +1.59% | |
| Price / MAexp50: | +3.40% | |
| Price / MAexp100: | +4.84% |
Quotes :
-
15 min delayed data
-
Euronext Lisbonne
News
The last news published on EDP RENOVAVEIS at the time of the generation of this analysis was as follows:
- EDP Renewables and Bristol Myers Squibb Execute Power Purchase Agreement for the Cattlemen Solar Park
- EDP Renewables and Meta Expand Partnership Through Long-Term Contract for a New Texas Solar Park
- EDP Renewables Announces Partnership with City of Philadelphia
- EDP Renewables Announces Completion of Community Solar + Storage Facility Focused on Energy Equity
- EDP Renewables Announces Completion of 39 New Distributed Generation Projects with Walmart
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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