EDP RENOVAVEIS
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 12/23/2024 (GMT)

  • 128
  • 0
  • Timeframe : 1H
  • - Analysis generated on
  • Status : NEUTRAL

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bearish
Technical indicators
72%
0%
28%
My opinion
Neutral between 9.350 EUR and 9.926 EUR
My targets
-
My analysis
The current short-term bullish thrust is in contrast to the bearish trend. EDP RENOVAVEIS is apparently trying to reverse the trend. The return to a neutral and then bullish trend should not be long in coming if the current rebound continues. What is currently happening on EDP RENOVAVEIS essentials for the price to rebound like this? In such a situation, it would be possible to stay away from EDP RENOVAVEIS or not try to counterbalance this current rebound in the short term. If there is a purchase, the buyers could use the resistance located at 9.926 EUR as an objective. Buyers would then use the next resistance located at 10.260 EUR as an objective. Crossing it would then enable buyers to target 10.880 EUR. Attention should be paid to the price reaction at the start of the resistance as trend traders may consider resuming sales if the basic trend has not been able to ease or if the short term has itself become excessive.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

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:
15 min. Daily Weekly

Additional analysis

Quotes

The EDP RENOVAVEIS price is 9.740 EUR. The price registered an increase of +2.53% on the session and was traded between 9.520 EUR and 9.755 EUR over the period. The price is currently at +2.31% from its lowest and -0.15% from its highest.

9.520
9.755
9.740

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

Central Gaps

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:

Central Records

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 this 1H chart of EDP RENOVAVEIS indicates that the overall trend is bearish. 64.29% 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 trend could quickly be called into question. A phase of indecision or a reversal of the trend could occur. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



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

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.892 8.730 9.350 9.740 9.926 10.260 10.880
Change (%) -29.24% -10.37% -4.00% - +1.91% +5.34% +11.70%
Change -2.848 -1.010 -0.390 - +0.186 +0.520 +1.140
Level Intermediate Intermediate Intermediate - Intermediate Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.1179.2339.3679.4839.6179.7339.867
Camarilla9.4319.4549.4779.5009.5239.5469.569
Woodie9.1259.2389.3759.4889.6259.7389.875
Fibonacci9.2339.3299.3889.4839.5799.6389.733


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.6779.0139.2579.5939.83710.17310.417
Camarilla9.3419.3949.4479.5009.5539.6069.660
Woodie8.6308.9909.2109.5709.79010.15010.370
Fibonacci9.0139.2359.3729.5939.8159.95210.173


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.5839.04710.06311.52712.54314.00715.023
Camarilla10.39810.62510.85311.08011.30711.53511.762
Woodie7.3608.9359.84011.41512.32013.89514.800
Fibonacci9.0479.99410.57911.52712.47413.05914.007

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): 60.60
MACD (12,26,9): -0.0310
Directional Movement: 4.499
AROON (14): -21.429
DEMA (21): 9.547
Parabolic SAR (0,02-0,02-0,2): 9.389
Elder Ray (13): 0.113
Super Trend (3,10): 9.487
Zig ZAG (10): 9.740
VORTEX (21): 1.0330
Stochastique (14,3,5): 96.68
TEMA (21): 9.582
Williams %R (14): -1.27
Chande Momentum Oscillator (20): 0.310
Repulse (5,40,3): 1.6380
ROCnROLL: -1
TRIX (15,9): -0.1110
Courbe Coppock: 3.68
MA7: 9.747
MA20: 10.251
MA50: 11.374
MA100: 13.064
MAexp7: 9.625
MAexp20: 9.607
MAexp50: 9.723
MAexp100: 9.925
Price / MA7: -0.07%
Price / MA20: -4.98%
Price / MA50: -14.37%
Price / MA100: -25.44%
Price / MAexp7: +1.19%
Price / MAexp20: +1.38%
Price / MAexp50: +0.17%
Price / MAexp100: -1.86%

Quotes : - 15 min delayed data - Euronext Lisbonne

This member declared not having a position on this financial instrument or a related financial instrument.

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