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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 10/10/2023 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
94%
0%
6%
My opinion
Bullish above 14.214 EUR
My targets
15.273 EUR (+4.68%)
16.055 EUR (+10.04%)
My analysis
The strong short-term increase in EDP RENOVAVEIS calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 14.214 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 15.273 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16.055 EUR as an objective. Crossing it would then enable buyers to target 16.710 EUR. Caution, a return under 14.214 EUR could jeopardize the reversal.

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
3.4

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

EDP RENOVAVEIS rating 14.590 EUR. The price registered an increase of +2.60% on the session and was traded between 14.350 EUR and 14.655 EUR over the period. The price is currently at +1.67% from its lowest and -0.44% from its highest.

14.350
14.655
14.590

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 for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of EDP RENOVAVEIS in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 12.784 13.815 14.214 14.590 15.273 16.055 16.710
Change (%) -12.38% -5.31% -2.58% - +4.68% +10.04% +14.53%
Change -1.806 -0.775 -0.376 - +0.683 +1.465 +2.120
Level Intermediate Major Major - Minor Intermediate Major



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
Standard13.80313.95714.08814.24214.37314.52714.658
Camarilla14.14214.16814.19414.22014.24614.27214.298
Woodie13.79313.95114.07814.23614.36314.52114.648
Fibonacci13.95714.06614.13314.24214.35114.41814.527


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.47812.64713.43314.60215.38816.55717.343
Camarilla13.68213.86214.04114.22014.39914.57814.758
Woodie11.28812.55113.24314.50615.19816.46117.153
Fibonacci12.64713.39413.85514.60215.34915.81016.557


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.82813.99214.75315.91716.67817.84218.603
Camarilla14.98615.16215.33915.51515.69215.86816.044
Woodie12.62813.89114.55315.81616.47817.74118.403
Fibonacci13.99214.72715.18115.91716.65217.10617.842

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): 62.36
MACD (12,26,9): 0.0500
Directional Movement: 14.915
AROON (14): 100.000
DEMA (21): 14.342
Parabolic SAR (0,02-0,02-0,2): 13.980
Elder Ray (13): 0.254
Super Trend (3,10): 14.137
Zig ZAG (10): 14.625
VORTEX (21): 1.0300
Stochastique (14,3,5): 95.34
TEMA (21): 14.492
Williams %R (14): -5.04
Chande Momentum Oscillator (20): 0.400
Repulse (5,40,3): 1.3560
ROCnROLL: 1
TRIX (15,9): -0.0150
Courbe Coppock: 4.33
MA7: 14.326
MA20: 15.427
MA50: 16.327
MA100: 17.395
MAexp7: 14.445
MAexp20: 14.318
MAexp50: 14.453
MAexp100: 14.851
Price / MA7: +1.84%
Price / MA20: -5.43%
Price / MA50: -10.64%
Price / MA100: -16.13%
Price / MAexp7: +1.00%
Price / MAexp20: +1.90%
Price / MAexp50: +0.95%
Price / MAexp100: -1.76%

Quotes : - 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:

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

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