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 09/20/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

22%

39%

My opinion

Bullish above 13.88 EUR

My targets

16.07 EUR (+6.35%)

16.71 EUR (+10.59%)

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 13.88 EUR. The buyers' bullish objective is set at 16.07 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.71 EUR. If there is any crossing, the next objective would be the resistance located at 18.85 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

Force

3.8

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 15.11 EUR. The price registered an increase of +0.20% on the session with the lowest point at 15.00 EUR and the highest point at 15.18 EUR. The deviation from the price is +0.73% for the low point and -0.46% for the high point.

15.00

15.18

15.11

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by EDP RENOVAVEIS:

Technical

Technical analysis of EDP RENOVAVEIS in Daily shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 7 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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

Near support of triangle

Type : Bullish

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	15.11	15.17	16.07	16.71
Change (%)	-20.58%	-13.50%	-8.14%	-	+0.40%	+6.35%	+10.59%
Change	-3.11	-2.04	-1.23	-	+0.06	+0.96	+1.60
Level	Major	Intermediate	Major	-	Major	Major	Intermediate

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	14.26	14.59	14.84	15.17	15.42	15.75	16.00
Camarilla	14.92	14.97	15.03	15.08	15.13	15.19	15.24
Woodie	14.21	14.57	14.79	15.15	15.37	15.73	15.95
Fibonacci	14.59	14.82	14.95	15.17	15.40	15.53	15.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.63	15.01	15.54	15.92	16.45	16.83	17.36
Camarilla	15.82	15.90	15.99	16.07	16.15	16.24	16.32
Woodie	14.71	15.05	15.62	15.96	16.53	16.87	17.44
Fibonacci	15.01	15.36	15.57	15.92	16.27	16.48	16.83

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

Technical indicators

Moving averages

RSI (14):	52.34
MACD (12,26,9):	0.3200
Directional Movement:	0.73
AROON (14):	50.00
DEMA (21):	15.56
Parabolic SAR (0,02-0,02-0,2):	16.22
Elder Ray (13):	-0.21
Super Trend (3,10):	15.00
Zig ZAG (10):	15.10
VORTEX (21):	1.1300
Stochastique (14,3,5):	46.55
TEMA (21):	15.68
Williams %R (14):	-56.07
Chande Momentum Oscillator (20):	0.31
Repulse (5,40,3):	-4.3600
ROCnROLL:	-1
TRIX (15,9):	0.3700
Courbe Coppock:	16.09

MA7:	15.58
MA20:	15.05
MA50:	14.47
MA100:	14.30
MAexp7:	15.37
MAexp20:	15.13
MAexp50:	14.65
MAexp100:	14.39
Price / MA7:	-3.02%
Price / MA20:	+0.40%
Price / MA50:	+4.42%
Price / MA100:	+5.66%
Price / MAexp7:	-1.69%
Price / MAexp20:	-0.13%
Price / MAexp50:	+3.14%
Price / MAexp100:	+5.00%

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.

About author

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