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 03/07/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 13.885 EUR

My targets

14.450 EUR (+2.16%)

14.695 EUR (+3.89%)

My analysis

The bullish trend is currently very strong on EDP RENOVAVEIS. As long as the price remains above the support at 13.885 EUR, you could try to benefit from the boom. The first bullish objective is located at 14.450 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 14.695 EUR as an objective. Crossing it would then enable buyers to target 16.710 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

7.7

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.

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 14.145 EUR. The price registered an increase of +2.76% on the session with the lowest point at 13.690 EUR and the highest point at 14.165 EUR. The deviation from the price is +3.32% for the low point and -0.14% for the high point.

13.690

14.165

14.145

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

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 an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EDP RENOVAVEIS in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

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 detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

White morning star

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.890	13.187	13.885	14.145	14.450	14.695	16.710
Change (%)	-8.87%	-6.77%	-1.84%	-	+2.16%	+3.89%	+18.13%
Change	-1.255	-0.958	-0.260	-	+0.305	+0.550	+2.565
Level	Minor	Major	Major	-	Minor	Minor	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
Standard	12.742	13.008	13.387	13.653	14.032	14.298	14.677
Camarilla	13.588	13.647	13.706	13.765	13.824	13.883	13.942
Woodie	12.798	13.036	13.443	13.681	14.088	14.326	14.733
Fibonacci	13.008	13.255	13.407	13.653	13.900	14.052	14.298

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.177	11.708	12.357	12.888	13.537	14.068	14.717
Camarilla	12.681	12.789	12.897	13.005	13.113	13.221	13.330
Woodie	11.235	11.738	12.415	12.918	13.595	14.098	14.775
Fibonacci	11.708	12.159	12.438	12.888	13.339	13.618	14.068

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.517	10.378	11.487	13.348	14.457	16.318	17.427
Camarilla	11.778	12.051	12.323	12.595	12.867	13.140	13.412
Woodie	8.140	10.190	11.110	13.160	14.080	16.130	17.050
Fibonacci	10.378	11.513	12.214	13.348	14.483	15.184	16.318

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):	76.69
MACD (12,26,9):	0.2340
Directional Movement:	29.566
AROON (14):	100.000
DEMA (21):	13.882
Parabolic SAR (0,02-0,02-0,2):	13.670
Elder Ray (13):	0.193
Super Trend (3,10):	13.384
Zig ZAG (10):	14.150
VORTEX (21):	1.2490
Stochastique (14,3,5):	83.56
TEMA (21):	14.002
Williams %R (14):	-3.91
Chande Momentum Oscillator (20):	0.770
Repulse (5,40,3):	3.6160
ROCnROLL:	1
TRIX (15,9):	0.2290
Courbe Coppock:	9.64

MA7:	13.239
MA20:	13.595
MA50:	15.093
MA100:	15.641
MAexp7:	13.918
MAexp20:	13.582
MAexp50:	13.327
MAexp100:	13.357
Price / MA7:	+6.84%
Price / MA20:	+4.05%
Price / MA50:	-6.28%
Price / MA100:	-9.56%
Price / MAexp7:	+1.63%
Price / MAexp20:	+4.15%
Price / MAexp50:	+6.14%
Price / MAexp100:	+5.90%

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:

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

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