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 10/09/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

17%

44%

39%

My opinion

Bearish under 15.07 EUR

My targets

14.34 EUR (-2.32%)

13.83 EUR (-5.79%)

My analysis

The current short-term bearish acceleration registered on EDP RENOVAVEIS should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 15.07 EUR. Short-term sellers will use the support located at 14.34 EUR as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 13.83 EUR. Crossing this support would then open the door for sellers to target 13.05 EUR. Caution, if there is a return to below 15.07 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

2.3

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 14.68 EUR. On the day, this instrument gained +0.48% with the lowest point at 14.61 EUR and the highest point at 14.81 EUR. The deviation from the price is +0.48% for the low point and -0.88% for the high point.

14.61

14.81

14.68

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

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

A technical analysis in Daily of this EDP RENOVAVEIS chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, only 8 technical indicators out of 18 studied are currently bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near support of channel

Type : Bullish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.05	13.83	14.34	14.68	14.73	15.07	15.71
Change (%)	-11.10%	-5.79%	-2.32%	-	+0.34%	+2.66%	+7.02%
Change	-1.63	-0.85	-0.34	-	+0.05	+0.39	+1.03
Level	Minor	Major	Major	-	Minor	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.24	14.32	14.46	14.54	14.68	14.76	14.90
Camarilla	14.55	14.57	14.59	14.61	14.63	14.65	14.67
Woodie	14.28	14.34	14.50	14.56	14.72	14.78	14.94
Fibonacci	14.32	14.40	14.45	14.54	14.62	14.67	14.76

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.60	13.48	14.02	14.90	15.44	16.32	16.86
Camarilla	14.16	14.29	14.42	14.55	14.68	14.81	14.94
Woodie	12.42	13.40	13.84	14.82	15.26	16.24	16.68
Fibonacci	13.48	14.03	14.36	14.90	15.45	15.78	16.32

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.34	13.25	14.48	15.39	16.62	17.53	18.76
Camarilla	15.12	15.32	15.51	15.71	15.91	16.10	16.30
Woodie	12.50	13.33	14.64	15.47	16.78	17.61	18.92
Fibonacci	13.25	14.07	14.57	15.39	16.21	16.71	17.53

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):	42.09
MACD (12,26,9):	-0.0600
Directional Movement:	-8.34
AROON (14):	-28.57
DEMA (21):	15.04
Parabolic SAR (0,02-0,02-0,2):	15.41
Elder Ray (13):	-0.27
Super Trend (3,10):	15.53
Zig ZAG (10):	14.64
VORTEX (21):	0.8800
Stochastique (14,3,5):	13.62
TEMA (21):	14.78
Williams %R (14):	-80.42
Chande Momentum Oscillator (20):	-0.69
Repulse (5,40,3):	-1.5600
ROCnROLL:	2
TRIX (15,9):	0.1100
Courbe Coppock:	8.78

MA7:	14.81
MA20:	15.29
MA50:	14.77
MA100:	14.38
MAexp7:	14.80
MAexp20:	15.03
MAexp50:	14.83
MAexp100:	14.57
Price / MA7:	-0.88%
Price / MA20:	-3.99%
Price / MA50:	-0.61%
Price / MA100:	+2.09%
Price / MAexp7:	-0.81%
Price / MAexp20:	-2.33%
Price / MAexp50:	-1.01%
Price / MAexp100:	+0.75%

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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