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 11/28/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

56%

11%

33%

My opinion

Bearish under 12.00 EUR

My targets

10.53 EUR (-6.48%)

10.04 EUR (-10.83%)

My analysis

The bearish basic trend is very strong on EDP RENOVAVEIS but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 12.00 EUR. Crossing the first support at 10.53 EUR would be a sign of a further potential price plummet. Sellers would then use the next support located at 10.04 EUR as an objective. Crossing it would then enable sellers to target 8.73 EUR. Caution, a return to above the resistance located at 12.00 EUR would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

3.6

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

The EDP RENOVAVEIS price is 11.26 EUR. On the day, this instrument gained +1.26% with the lowest point at 11.10 EUR and the highest point at 11.29 EUR. The deviation from the price is +1.44% for the low point and -0.27% for the high point.

11.10

11.29

11.26

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this EDP RENOVAVEIS chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.89	8.73	10.53	11.26	12.00	13.07	13.83
Change (%)	-38.79%	-22.47%	-6.48%	-	+6.57%	+16.07%	+22.84%
Change	-4.37	-2.53	-0.73	-	+0.74	+1.81	+2.57
Level	Minor	Intermediate	Major	-	Major	Major	Minor

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	10.69	10.79	10.95	11.05	11.21	11.31	11.47
Camarilla	11.05	11.07	11.10	11.12	11.14	11.17	11.19
Woodie	10.73	10.81	10.99	11.07	11.25	11.33	11.51
Fibonacci	10.79	10.89	10.95	11.05	11.15	11.21	11.31

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.62	10.07	10.50	10.95	11.38	11.83	12.26
Camarilla	10.70	10.78	10.86	10.94	11.02	11.10	11.18
Woodie	9.62	10.07	10.50	10.95	11.38	11.83	12.26
Fibonacci	10.07	10.40	10.61	10.95	11.28	11.49	11.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.75	10.04	11.21	13.50	14.67	16.96	18.13
Camarilla	11.43	11.75	12.06	12.38	12.70	13.01	13.33
Woodie	7.19	9.76	10.65	13.22	14.11	16.68	17.57
Fibonacci	10.04	11.36	12.18	13.50	14.82	15.64	16.96

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):	43.34
MACD (12,26,9):	-0.5400
Directional Movement:	-6.89
AROON (14):	-28.58
DEMA (21):	10.60
Parabolic SAR (0,02-0,02-0,2):	10.51
Elder Ray (13):	0.05
Super Trend (3,10):	11.80
Zig ZAG (10):	11.28
VORTEX (21):	0.8900
Stochastique (14,3,5):	63.27
TEMA (21):	10.68
Williams %R (14):	-21.43
Chande Momentum Oscillator (20):	0.64
Repulse (5,40,3):	3.0900
ROCnROLL:	-1
TRIX (15,9):	-0.8400
Courbe Coppock:	7.37

MA7:	10.96
MA20:	11.22
MA50:	13.03
MA100:	13.74
MAexp7:	11.07
MAexp20:	11.41
MAexp50:	12.48
MAexp100:	13.26
Price / MA7:	+2.74%
Price / MA20:	+0.36%
Price / MA50:	-13.58%
Price / MA100:	-18.05%
Price / MAexp7:	+1.72%
Price / MAexp20:	-1.31%
Price / MAexp50:	-9.78%
Price / MAexp100:	-15.08%

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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