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 07/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 13.40 EUR

My targets

13.70 EUR (+0.74%)

13.88 EUR (+2.06%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EDP RENOVAVEIS as long as the price remains well above 13.40 EUR. The buyers' bullish objective is set at 13.70 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13.88 EUR. If there is any crossing, the next objective would be the resistance located at 14.32 EUR.

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

6.1

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 13.60 EUR. The price is lower by -0.07% since the last closing and was traded between 13.57 EUR and 13.71 EUR over the period. The price is currently at +0.22% from its lowest and -0.80% from its highest.

13.57

13.71

13.60

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.

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:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of EDP RENOVAVEIS in 1H shows an overall bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.61	13.03	13.40	13.60	13.70	13.88	14.32
Change (%)	-7.28%	-4.19%	-1.47%	-	+0.74%	+2.06%	+5.29%
Change	-0.99	-0.57	-0.20	-	+0.10	+0.28	+0.72
Level	Intermediate	Intermediate	Minor	-	Minor	Major	Minor

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	12.67	12.92	13.26	13.51	13.85	14.10	14.44
Camarilla	13.45	13.50	13.56	13.61	13.66	13.72	13.77
Woodie	12.73	12.94	13.32	13.53	13.91	14.12	14.50
Fibonacci	12.92	13.14	13.28	13.51	13.73	13.87	14.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.79	12.41	12.73	13.35	13.67	14.29	14.61
Camarilla	12.79	12.88	12.96	13.05	13.14	13.22	13.31
Woodie	11.64	12.34	12.58	13.28	13.52	14.22	14.46
Fibonacci	12.41	12.77	12.99	13.35	13.71	13.93	14.29

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.15	11.59	12.32	13.76	14.49	15.93	16.66
Camarilla	12.45	12.65	12.85	13.05	13.25	13.45	13.65
Woodie	9.80	11.41	11.97	13.58	14.14	15.75	16.31
Fibonacci	11.59	12.42	12.93	13.76	14.59	15.10	15.93

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):	62.65
MACD (12,26,9):	0.0900
Directional Movement:	28.57
AROON (14):	35.72
DEMA (21):	13.54
Parabolic SAR (0,02-0,02-0,2):	13.27
Elder Ray (13):	0.15
Super Trend (3,10):	13.33
Zig ZAG (10):	13.63
VORTEX (21):	1.1100
Stochastique (14,3,5):	80.79
TEMA (21):	13.64
Williams %R (14):	-22.03
Chande Momentum Oscillator (20):	0.35
Repulse (5,40,3):	-0.0600
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	4.71

MA7:	13.39
MA20:	13.68
MA50:	14.02
MA100:	13.56
MAexp7:	13.57
MAexp20:	13.44
MAexp50:	13.41
MAexp100:	13.53
Price / MA7:	+1.57%
Price / MA20:	-0.58%
Price / MA50:	-3.00%
Price / MA100:	+0.29%
Price / MAexp7:	+0.22%
Price / MAexp20:	+1.19%
Price / MAexp50:	+1.42%
Price / MAexp100:	+0.52%

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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