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 12/28/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 18.420 EUR

My targets

18.854 EUR (+1.45%)

19.459 EUR (+4.70%)

My analysis

The bullish trend is currently very strong on EDP RENOVAVEIS. As long as the price remains above the support at 18.420 EUR, you could try to benefit from the boom. The first bullish objective is located at 18.854 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 19.459 EUR as an objective. Crossing it would then enable buyers to target 20.864 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 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

Comment on the analysis

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.

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Additional analysis

Quotes

The EDP RENOVAVEIS price is 18.585 EUR. The price has increased by +0.24% since the last closing with the lowest point at 18.475 EUR and the highest point at 18.595 EUR. The deviation from the price is +0.60% for the low point and -0.05% for the high point.

18.475

18.595

18.585

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

Here is a more detailed summary of the historical variations registered by EDP RENOVAVEIS:

The Central Records scanner for higher/lower results shows an item:

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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 12 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17.547	18.114	18.420	18.585	18.854	19.459	20.864
Change (%)	-5.59%	-2.53%	-0.89%	-	+1.45%	+4.70%	+12.26%
Change	-1.038	-0.471	-0.165	-	+0.269	+0.874	+2.279
Level	Intermediate	Intermediate	Intermediate	-	Major	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.983	18.157	18.348	18.522	18.713	18.887	19.078
Camarilla	18.440	18.473	18.507	18.540	18.574	18.607	18.640
Woodie	17.993	18.161	18.358	18.526	18.723	18.891	19.088
Fibonacci	18.157	18.296	18.382	18.522	18.661	18.747	18.887

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.897	17.218	17.862	18.183	18.827	19.148	19.792
Camarilla	18.240	18.328	18.417	18.505	18.594	18.682	18.770
Woodie	17.058	17.299	18.023	18.264	18.988	19.229	19.953
Fibonacci	17.218	17.587	17.815	18.183	18.552	18.780	19.148

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.442	14.103	15.427	16.088	17.412	18.073	19.397
Camarilla	16.204	16.386	16.568	16.750	16.932	17.114	17.296
Woodie	13.773	14.269	15.758	16.254	17.743	18.239	19.728
Fibonacci	14.103	14.862	15.330	16.088	16.847	17.315	18.073

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):	67.18
MACD (12,26,9):	0.1350
Directional Movement:	20.525
AROON (14):	14.286
DEMA (21):	18.583
Parabolic SAR (0,02-0,02-0,2):	18.451
Elder Ray (13):	0.110
Super Trend (3,10):	18.272
Zig ZAG (10):	18.595
VORTEX (21):	1.1670
Stochastique (14,3,5):	69.28
TEMA (21):	18.605
Williams %R (14):	-27.40
Chande Momentum Oscillator (20):	0.010
Repulse (5,40,3):	0.5510
ROCnROLL:	1
TRIX (15,9):	0.1110
Courbe Coppock:	2.61

MA7:	18.177
MA20:	17.474
MA50:	16.269
MA100:	16.183
MAexp7:	18.524
MAexp20:	18.400
MAexp50:	18.154
MAexp100:	17.838
Price / MA7:	+2.24%
Price / MA20:	+6.36%
Price / MA50:	+14.24%
Price / MA100:	+14.84%
Price / MAexp7:	+0.33%
Price / MAexp20:	+1.01%
Price / MAexp50:	+2.37%
Price / MAexp100:	+4.19%

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.

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