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 09/03/2024 (GMT)

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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

78%

22%

My opinion

Bullish above 14.45 EUR

My targets

14.84 EUR (+1.92%)

15.17 EUR (+4.19%)

My analysis

EDP RENOVAVEIS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 14.45 EUR. The next resistance located at 14.84 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 15.17 EUR. After this resistance, buyers could then target 16.71 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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 14.56 EUR. The price has increased by +1.11% since the last closing and was between 14.40 EUR and 14.64 EUR. This implies that the price is at +1.11% from its lowest and at -0.55% from its highest.

14.40

14.64

14.56

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:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of EDP RENOVAVEIS in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 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

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.01	14.21	14.45	14.56	14.58	14.84	15.17
Change (%)	-3.78%	-2.40%	-0.76%	-	+0.14%	+1.92%	+4.19%
Change	-0.55	-0.35	-0.11	-	+0.02	+0.28	+0.61
Level	Minor	Intermediate	Intermediate	-	Intermediate	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	13.90	14.03	14.22	14.35	14.54	14.67	14.86
Camarilla	14.31	14.34	14.37	14.40	14.43	14.46	14.49
Woodie	13.92	14.05	14.24	14.37	14.56	14.69	14.88
Fibonacci	14.03	14.16	14.23	14.35	14.48	14.55	14.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.36	13.62	14.05	14.31	14.74	15.00	15.43
Camarilla	14.28	14.34	14.41	14.47	14.53	14.60	14.66
Woodie	13.44	13.66	14.13	14.35	14.82	15.04	15.51
Fibonacci	13.62	13.89	14.05	14.31	14.58	14.74	15.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.83	13.30	13.89	14.36	14.95	15.42	16.01
Camarilla	14.18	14.28	14.37	14.47	14.57	14.66	14.76
Woodie	12.88	13.33	13.94	14.39	15.00	15.45	16.06
Fibonacci	13.30	13.71	13.96	14.36	14.77	15.02	15.42

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	63.28
MACD (12,26,9):	0.0800
Directional Movement:	20.34
AROON (14):	50.00
DEMA (21):	14.49
Parabolic SAR (0,02-0,02-0,2):	14.20
Elder Ray (13):	0.17
Super Trend (3,10):	14.28
Zig ZAG (10):	14.59
VORTEX (21):	1.1400
Stochastique (14,3,5):	81.42
TEMA (21):	14.51
Williams %R (14):	-10.64
Chande Momentum Oscillator (20):	0.12
Repulse (5,40,3):	0.5400
ROCnROLL:	1
TRIX (15,9):	0.0700
Courbe Coppock:	0.35

MA7:	14.27
MA20:	14.15
MA50:	13.98
MA100:	13.96
MAexp7:	14.48
MAexp20:	14.38
MAexp50:	14.26
MAexp100:	14.19
Price / MA7:	+2.03%
Price / MA20:	+2.90%
Price / MA50:	+4.15%
Price / MA100:	+4.30%
Price / MAexp7:	+0.55%
Price / MAexp20:	+1.25%
Price / MAexp50:	+2.10%
Price / MAexp100:	+2.61%

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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