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 08/20/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

56%

22%

My opinion

Bullish above 14.01 EUR

My targets

14.24 EUR (+0.71%)

14.45 EUR (+2.19%)

My analysis

The strong short-term increase of EDP RENOVAVEIS should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 14.01 EUR, a purchase could be considered. The first bullish objective is located at 14.24 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 14.45 EUR. If there is any crossing, the next objective would be the resistance at 14.64 EUR. Caution, if there is a return under 14.01 EUR, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

2.1

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.

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Additional analysis

Quotes

EDP RENOVAVEIS rating 14.14 EUR. The price is lower by -0.63% since the last closing and was between 14.12 EUR and 14.26 EUR. This implies that the price is at +0.14% from its lowest and at -0.84% from its highest.

14.12

14.26

14.14

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

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

A technical analysis in 1H of this EDP RENOVAVEIS chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 10 are bullish, 4 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Bullish harami cross

Type : Bullish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.88	14.01	14.13	14.14	14.24	14.45	14.64
Change (%)	-1.84%	-0.92%	-0.07%	-	+0.71%	+2.19%	+3.54%
Change	-0.26	-0.13	-0.01	-	+0.10	+0.31	+0.50
Level	Major	Minor	Major	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.69	13.82	14.02	14.15	14.35	14.48	14.68
Camarilla	14.14	14.17	14.20	14.23	14.26	14.29	14.32
Woodie	13.74	13.84	14.07	14.17	14.40	14.50	14.73
Fibonacci	13.82	13.94	14.02	14.15	14.27	14.35	14.48

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.37	13.62	13.81	14.06	14.25	14.50	14.69
Camarilla	13.88	13.92	13.96	14.00	14.04	14.08	14.12
Woodie	13.34	13.61	13.78	14.05	14.22	14.49	14.66
Fibonacci	13.62	13.79	13.89	14.06	14.23	14.33	14.50

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.83	12.49	13.42	14.08	15.01	15.67	16.60
Camarilla	13.90	14.05	14.19	14.34	14.49	14.63	14.78
Woodie	11.96	12.56	13.55	14.15	15.14	15.74	16.73
Fibonacci	12.49	13.10	13.48	14.08	14.69	15.07	15.67

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):	53.54
MACD (12,26,9):	0.0300
Directional Movement:	9.50
AROON (14):	64.28
DEMA (21):	14.14
Parabolic SAR (0,02-0,02-0,2):	14.01
Elder Ray (13):	0.05
Super Trend (3,10):	14.00
Zig ZAG (10):	14.13
VORTEX (21):	1.0400
Stochastique (14,3,5):	80.83
TEMA (21):	14.19
Williams %R (14):	-35.00
Chande Momentum Oscillator (20):	0.18
Repulse (5,40,3):	-0.5700
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	2.63

MA7:	14.11
MA20:	14.25
MA50:	13.90
MA100:	13.79
MAexp7:	14.17
MAexp20:	14.12
MAexp50:	14.13
MAexp100:	14.16
Price / MA7:	+0.21%
Price / MA20:	-0.77%
Price / MA50:	+1.73%
Price / MA100:	+2.54%
Price / MAexp7:	-0.21%
Price / MAexp20:	+0.14%
Price / MAexp50:	+0.07%
Price / MAexp100:	-0.14%

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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