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 11/25/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

72%

28%

My opinion

Bullish above 10.640 EUR

My targets

11.490 EUR (+4.08%)

12.000 EUR (+8.70%)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for EDP RENOVAVEIS as long as the price remains well above 10.640 EUR. The buyers' bullish objective is set at 11.490 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.000 EUR. If there is any crossing, the next objective would be the resistance located at 12.330 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 11.490 EUR. On this resistance, against the trend traders who would like to go short on EDP RENOVAVEIS with a bearish signal from their trading strategy, should not hesitate to act.

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

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.

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Additional analysis

Quotes

The EDP RENOVAVEIS price is 11.040 EUR. On the day, this instrument gained +0.91% and was traded between 10.890 EUR and 11.100 EUR over the period. The price is currently at +1.38% from its lowest and -0.54% from its highest.

10.890

11.100

11.040

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

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of EDP RENOVAVEIS in 1H shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Bearish harami

Type : Bearish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	R1	Price	R2	R3
ProTrendLines	6.890	8.730	10.640	11.040	11.040	11.490	12.000
Change (%)	-37.59%	-20.92%	-3.62%	0%	-	+4.08%	+8.70%
Change	-4.150	-2.310	-0.400	0	-	+0.450	+0.960
Level	Minor	Intermediate	Major	Minor	-	Intermediate	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	10.177	10.373	10.657	10.853	11.137	11.333	11.617
Camarilla	10.808	10.852	10.896	10.940	10.984	11.028	11.072
Woodie	10.220	10.395	10.700	10.875	11.180	11.355	11.660
Fibonacci	10.373	10.557	10.670	10.853	11.037	11.150	11.333

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.623	10.067	10.503	10.947	11.383	11.827	12.263
Camarilla	10.698	10.779	10.859	10.940	11.021	11.101	11.182
Woodie	9.620	10.065	10.500	10.945	11.380	11.825	12.260
Fibonacci	10.067	10.403	10.611	10.947	11.283	11.491	11.827

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.750	10.040	11.210	13.500	14.670	16.960	18.130
Camarilla	11.429	11.746	12.063	12.380	12.697	13.014	13.332
Woodie	7.190	9.760	10.650	13.220	14.110	16.680	17.570
Fibonacci	10.040	11.362	12.178	13.500	14.822	15.638	16.960

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):	61.13
MACD (12,26,9):	0.0660
Directional Movement:	21.704
AROON (14):	78.571
DEMA (21):	10.945
Parabolic SAR (0,02-0,02-0,2):	10.857
Elder Ray (13):	0.138
Super Trend (3,10):	10.799
Zig ZAG (10):	11.040
VORTEX (21):	1.1790
Stochastique (14,3,5):	96.49
TEMA (21):	11.043
Williams %R (14):	-10.53
Chande Momentum Oscillator (20):	0.510
Repulse (5,40,3):	0.8660
ROCnROLL:	1
TRIX (15,9):	0.0280
Courbe Coppock:	7.41

MA7:	10.909
MA20:	11.417
MA50:	13.285
MA100:	13.821
MAexp7:	10.996
MAexp20:	10.884
MAexp50:	10.890
MAexp100:	11.099
Price / MA7:	+1.20%
Price / MA20:	-3.30%
Price / MA50:	-16.90%
Price / MA100:	-20.12%
Price / MAexp7:	+0.40%
Price / MAexp20:	+1.43%
Price / MAexp50:	+1.38%
Price / MAexp100:	-0.53%

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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