EDP RENOVAVEIS - 1H - Technical analysis published on 09/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 15.793 EUR
My targets
15.053 EUR (-1.10%)
14.214 EUR (-6.61%)
My analysis
The bearish trend is currently very strong for EDP RENOVAVEIS. As long as the price remains below the resistance at 15.793 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 15.053 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 14.214 EUR as an objective. Crossing it would then enable sellers to target 12.784 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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Additional analysis
Quotes
EDP RENOVAVEIS rating 15.220 EUR. The price registered a decrease of -0.69% on the session with the lowest point at 15.160 EUR and the highest point at 15.440 EUR. The deviation from the price is +0.40% for the low point and -1.42% for the high point.15.160
15.440
15.220
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EDP RENOVAVEIS in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.730 | 12.784 | 14.214 | 15.220 | 15.270 | 16.240 | 16.710 |
| Change (%) | -42.64% | -16.01% | -6.61% | - | +0.33% | +6.70% | +9.79% |
| Change | -6.490 | -2.436 | -1.006 | - | +0.050 | +1.020 | +1.490 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.867 | 15.078 | 15.202 | 15.413 | 15.537 | 15.748 | 15.872 |
| Camarilla | 15.233 | 15.264 | 15.294 | 15.325 | 15.356 | 15.386 | 15.417 |
| Woodie | 14.823 | 15.056 | 15.158 | 15.391 | 15.493 | 15.726 | 15.828 |
| Fibonacci | 15.078 | 15.206 | 15.285 | 15.413 | 15.541 | 15.620 | 15.748 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.053 | 15.502 | 15.793 | 16.242 | 16.533 | 16.982 | 17.273 |
| Camarilla | 15.882 | 15.949 | 16.017 | 16.085 | 16.153 | 16.221 | 16.289 |
| Woodie | 14.975 | 15.463 | 15.715 | 16.203 | 16.455 | 16.943 | 17.195 |
| Fibonacci | 15.502 | 15.784 | 15.959 | 16.242 | 16.524 | 16.699 | 16.982 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.535 | 15.375 | 16.140 | 16.980 | 17.745 | 18.585 | 19.350 |
| Camarilla | 16.464 | 16.611 | 16.758 | 16.905 | 17.052 | 17.199 | 17.346 |
| Woodie | 14.498 | 15.356 | 16.103 | 16.961 | 17.708 | 18.566 | 19.313 |
| Fibonacci | 15.375 | 15.988 | 16.367 | 16.980 | 17.593 | 17.972 | 18.585 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 31.80 | |
| MACD (12,26,9): | -0.1480 | |
| Directional Movement: | -17.421 | |
| AROON (14): | -100.000 | |
| DEMA (21): | 15.277 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.611 | |
| Elder Ray (13): | -0.199 | |
| Super Trend (3,10): | 15.596 | |
| Zig ZAG (10): | 15.245 | |
| VORTEX (21): | 0.8930 | |
| Stochastique (14,3,5): | 9.68 | |
| TEMA (21): | 15.276 | |
| Williams %R (14): | -82.08 | |
| Chande Momentum Oscillator (20): | -0.385 | |
| Repulse (5,40,3): | -0.5010 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1280 | |
| Courbe Coppock: | 3.46 |
| MA7: | 15.789 | |
| MA20: | 16.306 | |
| MA50: | 16.840 | |
| MA100: | 17.836 | |
| MAexp7: | 15.332 | |
| MAexp20: | 15.470 | |
| MAexp50: | 15.746 | |
| MAexp100: | 16.034 | |
| Price / MA7: | -3.60% | |
| Price / MA20: | -6.66% | |
| Price / MA50: | -9.62% | |
| Price / MA100: | -14.67% | |
| Price / MAexp7: | -0.73% | |
| Price / MAexp20: | -1.62% | |
| Price / MAexp50: | -3.34% | |
| Price / MAexp100: | -5.08% |
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 NIPSCO Enter Into Long-Term Agreement for the 198-Megawatt Carpenter Wind Farm in Indiana
- EDP Renewables Honors Indiana Leaders and Community Partners, Donates $100K at Global Wind Day Event
- UPDATED: Google and EDPR Partner on 500 MW AC Environmental Justice Program, Marking the Largest Corporate Backing of Distributed Solar in the U.S.
- Google and EDPR Partner on 500 MW AC Environmental Justice Program, Marking the Largest Corporate Backing of Distributed Solar in the United States
- EDP Renewables and Cleveland-Cliffs Sign Long-Term Commercial Agreement for a New 200-Megawatt Wind Farm in Indiana
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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