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 10/15/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 14.34 EUR

My targets

13.83 EUR (-0.79%)

13.05 EUR (-6.38%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EDP RENOVAVEIS as long as the price remains well below 14.34 EUR. The sellers' bearish objective is set at 13.83 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13.05 EUR. In case of crossing, the next objective would be the support located at 12.61 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EDP RENOVAVEIS rating 13.94 EUR. The price is lower by -0.14% since the last closing and was traded between 13.89 EUR and 14.04 EUR over the period. The price is currently at +0.36% from its lowest and -0.71% from its highest.

13.89

14.04

13.94

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this EDP RENOVAVEIS chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Downside gap

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.61	13.05	13.83	13.94	14.34	15.07	15.50
Change (%)	-9.54%	-6.38%	-0.79%	-	+2.87%	+8.11%	+11.19%
Change	-1.33	-0.89	-0.11	-	+0.40	+1.13	+1.56
Level	Minor	Minor	Major	-	Major	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.23	13.51	13.74	14.02	14.25	14.53	14.76
Camarilla	13.82	13.87	13.91	13.96	14.01	14.05	14.10
Woodie	13.20	13.50	13.71	14.01	14.22	14.52	14.73
Fibonacci	13.51	13.71	13.83	14.02	14.22	14.34	14.53

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.38	13.77	14.04	14.43	14.70	15.09	15.36
Camarilla	14.14	14.20	14.26	14.32	14.38	14.44	14.50
Woodie	13.33	13.74	13.99	14.40	14.65	15.06	15.31
Fibonacci	13.77	14.02	14.18	14.43	14.68	14.84	15.09

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	34.84
MACD (12,26,9):	-0.1400
Directional Movement:	-22.13
AROON (14):	-28.57
DEMA (21):	13.91
Parabolic SAR (0,02-0,02-0,2):	13.81
Elder Ray (13):	-0.08
Super Trend (3,10):	14.22
Zig ZAG (10):	13.93
VORTEX (21):	0.8100
Stochastique (14,3,5):	32.73
TEMA (21):	13.88
Williams %R (14):	-76.36
Chande Momentum Oscillator (20):	-0.39
Repulse (5,40,3):	-0.4100
ROCnROLL:	2
TRIX (15,9):	-0.1500
Courbe Coppock:	4.31

MA7:	14.32
MA20:	14.94
MA50:	14.75
MA100:	14.36
MAexp7:	13.97
MAexp20:	14.09
MAexp50:	14.34
MAexp100:	14.64
Price / MA7:	-2.65%
Price / MA20:	-6.69%
Price / MA50:	-5.49%
Price / MA100:	-2.92%
Price / MAexp7:	-0.21%
Price / MAexp20:	-1.06%
Price / MAexp50:	-2.79%
Price / MAexp100:	-4.78%

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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