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EDP RENOVAVEIS
EDP RENOVAVEIS
- EUR (-)
- 15 min delayed data - Euronext Lisbonne
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: EDPR
ISIN: ES0127797019

EDP RENOVAVEIS - 1H - Technical analysis published on 06/20/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 19.257 EUR
My targets
19.540 EUR (+0.96%)
19.690 EUR (+1.73%)
My analysis
The basic trend is currently slightly bullish on EDP RENOVAVEIS and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 19.257 EUR, purchases could be favourable. The first bullish objective would be the resistance located at 19.540 EUR. Then the price could move towards 19.690 EUR. Then 19.844 EUR by extension. A return under the support to 19.257 EUR could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.

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
3.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EDP RENOVAVEIS price is 19.355 EUR. On the day, this instrument gained +0.94% and was between 19.175 EUR and 19.390 EUR. This implies that the price is at +0.94% from its lowest and at -0.18% from its highest.

19.175
19.390
19.355

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EDP RENOVAVEIS:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of EDP RENOVAVEIS indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 18.854 19.012 19.257 19.355 19.540 19.690 19.844
Change (%) -2.59% -1.77% -0.51% - +0.96% +1.73% +2.53%
Change -0.501 -0.343 -0.098 - +0.185 +0.335 +0.489
Level Major Major Intermediate - Intermediate Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.71318.86219.01819.16719.32319.47219.628
Camarilla19.09119.11919.14719.17519.20319.23119.259
Woodie18.71818.86419.02319.16919.32819.47419.633
Fibonacci18.86218.97819.05019.16719.28319.35519.472


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.72818.99219.16319.42719.59819.86220.033
Camarilla19.21519.25519.29519.33519.37519.41519.455
Woodie18.68318.96919.11819.40419.55319.83919.988
Fibonacci18.99219.15819.26119.42719.59319.69619.862


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.70716.41317.49719.20320.28721.99323.077
Camarilla17.81318.06918.32418.58018.83619.09219.347
Woodie14.39516.25817.18519.04819.97521.83822.765
Fibonacci16.41317.47918.13819.20320.26920.92821.993

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): 55.71
MACD (12,26,9): -0.0420
Directional Movement: 3.563
AROON (14): -28.571
DEMA (21): 19.205
Parabolic SAR (0,02-0,02-0,2): 19.010
Elder Ray (13): 0.101
Super Trend (3,10): 19.407
Zig ZAG (10): 19.380
VORTEX (21): 0.9810
Stochastique (14,3,5): 53.27
TEMA (21): 19.193
Williams %R (14): -27.45
Chande Momentum Oscillator (20): 0.050
Repulse (5,40,3): 0.8400
ROCnROLL: 1
TRIX (15,9): -0.0440
Courbe Coppock: 1.95
MA7: 19.369
MA20: 19.191
MA50: 19.657
MA100: 19.761
MAexp7: 19.246
MAexp20: 19.266
MAexp50: 19.318
MAexp100: 19.321
Price / MA7: -0.07%
Price / MA20: +0.85%
Price / MA50: -1.54%
Price / MA100: -2.05%
Price / MAexp7: +0.57%
Price / MAexp20: +0.46%
Price / MAexp50: +0.19%
Price / MAexp100: +0.18%

Quotes : - 15 min delayed data - Euronext Lisbonne

News


The latest news and videos published on EDP RENOVAVEIS at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
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