EDP RENOVAVEIS - 1H - Technical analysis published on 03/20/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 8.570 EUR
My targets
8.095 EUR (-3.29%)
7.945 EUR (-5.08%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade EDP RENOVAVEIS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 8.570 EUR. The next bearish objective for sellers is set at 8.095 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.945 EUR. In case of crossing, the next objective would be the support located at 7.780 EUR. In the event of a bullish break in the resistance located at 8.570 EUR a certain indecision would take hold.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.7
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Additional analysis
Quotes
The EDP RENOVAVEIS rating is 8.370 EUR. The price has increased by +1.70% since the last closing with the lowest point at 8.250 EUR and the highest point at 8.430 EUR. The deviation from the price is +1.45% for the low point and -0.71% for the high point.8.250
8.430
8.370
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of EDP RENOVAVEIS in 1H shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 7 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1 (Daily)
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.780 | 7.945 | 8.095 | 8.370 | 8.389 | 8.570 | 8.730 |
| Change (%) | -7.05% | -5.08% | -3.29% | - | +0.23% | +2.39% | +4.30% |
| Change | -0.590 | -0.425 | -0.275 | - | +0.019 | +0.200 | +0.360 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | 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 | 7.995 | 8.110 | 8.170 | 8.285 | 8.345 | 8.460 | 8.520 |
| Camarilla | 8.182 | 8.198 | 8.214 | 8.230 | 8.246 | 8.262 | 8.278 |
| Woodie | 7.968 | 8.096 | 8.143 | 8.271 | 8.318 | 8.446 | 8.493 |
| Fibonacci | 8.110 | 8.177 | 8.218 | 8.285 | 8.352 | 8.393 | 8.460 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.415 | 7.755 | 8.040 | 8.380 | 8.665 | 9.005 | 9.290 |
| Camarilla | 8.153 | 8.210 | 8.268 | 8.325 | 8.382 | 8.440 | 8.497 |
| Woodie | 7.388 | 7.741 | 8.013 | 8.366 | 8.638 | 8.991 | 9.263 |
| Fibonacci | 7.755 | 7.994 | 8.141 | 8.380 | 8.619 | 8.766 | 9.005 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.228 | 7.082 | 7.833 | 8.687 | 9.438 | 10.292 | 11.043 |
| Camarilla | 8.144 | 8.291 | 8.438 | 8.585 | 8.732 | 8.879 | 9.026 |
| Woodie | 6.178 | 7.056 | 7.783 | 8.661 | 9.388 | 10.266 | 10.993 |
| Fibonacci | 7.082 | 7.695 | 8.074 | 8.687 | 9.300 | 9.679 | 10.292 |
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): | 48.39 | |
| MACD (12,26,9): | -0.0320 | |
| Directional Movement: | 4.272 | |
| AROON (14): | -85.714 | |
| DEMA (21): | 8.308 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.225 | |
| Elder Ray (13): | 0.032 | |
| Super Trend (3,10): | 8.443 | |
| Zig ZAG (10): | 8.320 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 23.52 | |
| TEMA (21): | 8.284 | |
| Williams %R (14): | -61.19 | |
| Chande Momentum Oscillator (20): | -0.095 | |
| Repulse (5,40,3): | 0.4450 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0380 | |
| Courbe Coppock: | 4.32 |
| MA7: | 8.371 | |
| MA20: | 8.521 | |
| MA50: | 8.757 | |
| MA100: | 9.691 | |
| MAexp7: | 8.319 | |
| MAexp20: | 8.348 | |
| MAexp50: | 8.375 | |
| MAexp100: | 8.403 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | -1.77% | |
| Price / MA50: | -4.42% | |
| Price / MA100: | -13.63% | |
| Price / MAexp7: | +0.61% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.39% |
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:
- EDP Renewables Announces Promotion of Gabriel Yamal to Executive Vice President
- EDP Renewables, Salt River Project, and Meta Unveil Brittlebush Solar Park in Arizona
- EDP Renewables Cuts Ribbon on Scarlet I Solar Energy Park in Fresno County, CA
- EDPR NA Distributed Generation Acquires Renewable Properties’ Community Solar Portfolio in Illinois
- EDP Renewables Introduces its Arkansas Solar Park in Mississippi County
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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