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 - Daily - Technical analysis published on 07/29/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

My opinion

Bullish above 13.88 EUR

My targets

15.93 EUR (+9.33%)

16.71 EUR (+14.69%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on EDP RENOVAVEIS. This is a positive signal for buyers. As long as the price remains above 13.88 EUR, a purchase could be considered. The first bullish objective is located at 15.93 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16.71 EUR as an objective. Crossing it would then enable buyers to target 17.61 EUR. In the event of a return below 13.88 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

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 rating is 14.57 EUR. The price registered an increase of +1.75% on the session and was traded between 14.38 EUR and 14.74 EUR over the period. The price is currently at +1.32% from its lowest and -1.15% from its highest.

14.38

14.74

14.57

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this EDP RENOVAVEIS chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.00	13.07	13.88	14.57	16.71	17.61	18.85
Change (%)	-17.64%	-10.30%	-4.74%	-	+14.69%	+20.86%	+29.38%
Change	-2.57	-1.50	-0.69	-	+2.14	+3.04	+4.28
Level	Major	Intermediate	Major	-	Major	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	13.62	13.81	14.07	14.26	14.52	14.71	14.97
Camarilla	14.20	14.24	14.28	14.32	14.36	14.40	14.44
Woodie	13.65	13.83	14.10	14.28	14.55	14.73	15.00
Fibonacci	13.81	13.99	14.09	14.26	14.44	14.54	14.71

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.22	13.49	13.91	14.18	14.60	14.87	15.29
Camarilla	14.13	14.19	14.26	14.32	14.38	14.45	14.51
Woodie	13.29	13.53	13.98	14.22	14.67	14.91	15.36
Fibonacci	13.49	13.76	13.92	14.18	14.45	14.61	14.87

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.08
MACD (12,26,9):	0.1200
Directional Movement:	16.94
AROON (14):	100.00
DEMA (21):	14.04
Parabolic SAR (0,02-0,02-0,2):	13.71
Elder Ray (13):	0.55
Super Trend (3,10):	13.35
Zig ZAG (10):	14.58
VORTEX (21):	1.1100
Stochastique (14,3,5):	82.63
TEMA (21):	14.20
Williams %R (14):	-11.81
Chande Momentum Oscillator (20):	0.30
Repulse (5,40,3):	1.4900
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	7.22

MA7:	14.10
MA20:	13.82
MA50:	14.01
MA100:	13.62
MAexp7:	14.17
MAexp20:	13.94
MAexp50:	13.88
MAexp100:	14.00
Price / MA7:	+3.33%
Price / MA20:	+5.43%
Price / MA50:	+4.00%
Price / MA100:	+6.98%
Price / MAexp7:	+2.82%
Price / MAexp20:	+4.52%
Price / MAexp50:	+4.97%
Price / MAexp100:	+4.07%

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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