EDF - Daily - Technical analysis published on 09/02/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
EDF Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 11.163 EUR
My targets
12.106 EUR (+6.38%)
13.178 EUR (+15.80%)
My analysis
EDF is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 11.163 EUR, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 12.106 EUR. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 13.178 EUR would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 13.505 EUR. Beware of a possible return to under the support located at 11.163 EUR which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.5
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This analysis was given by emc3.
Additional analysis
Quotes
The EDF rating is 11.380 EUR. On the day, this instrument gained +0.09% and was between 11.315 EUR and 11.400 EUR. This implies that the price is at +0.57% from its lowest and at -0.18% from its highest.11.315
11.400
11.380
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EDF:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EDF chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.270 | 10.760 | 11.163 | 11.380 | 12.106 | 13.178 | 13.505 |
| Change (%) | -9.75% | -5.45% | -1.91% | - | +6.38% | +15.80% | +18.67% |
| Change | -1.110 | -0.620 | -0.217 | - | +0.726 | +1.798 | +2.125 |
| Level | Major | Minor | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.993 | 11.137 | 11.253 | 11.397 | 11.513 | 11.657 | 11.773 |
| Camarilla | 11.299 | 11.322 | 11.346 | 11.370 | 11.394 | 11.418 | 11.442 |
| Woodie | 10.980 | 11.130 | 11.240 | 11.390 | 11.500 | 11.650 | 11.760 |
| Fibonacci | 11.137 | 11.236 | 11.297 | 11.397 | 11.496 | 11.557 | 11.657 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.002 | 11.173 | 11.297 | 11.468 | 11.592 | 11.763 | 11.887 |
| Camarilla | 11.339 | 11.366 | 11.393 | 11.420 | 11.447 | 11.474 | 11.501 |
| Woodie | 10.978 | 11.161 | 11.273 | 11.456 | 11.568 | 11.751 | 11.863 |
| Fibonacci | 11.173 | 11.286 | 11.356 | 11.468 | 11.581 | 11.651 | 11.763 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.282 | 9.798 | 10.637 | 11.153 | 11.992 | 12.508 | 13.347 |
| Camarilla | 11.102 | 11.227 | 11.351 | 11.475 | 11.599 | 11.723 | 11.848 |
| Woodie | 9.443 | 9.879 | 10.798 | 11.234 | 12.153 | 12.589 | 13.508 |
| Fibonacci | 9.798 | 10.316 | 10.636 | 11.153 | 11.671 | 11.991 | 12.508 |
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): | 56.70 | |
| MACD (12,26,9): | 0.1240 | |
| Directional Movement: | 10.744 | |
| AROON (14): | 71.428 | |
| DEMA (21): | 11.404 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.670 | |
| Elder Ray (13): | 0.024 | |
| Super Trend (3,10): | 10.990 | |
| Zig ZAG (10): | 11.365 | |
| VORTEX (21): | 1.1820 | |
| Stochastique (14,3,5): | 65.11 | |
| TEMA (21): | 11.550 | |
| Williams %R (14): | -38.00 | |
| Chande Momentum Oscillator (20): | 0.355 | |
| Repulse (5,40,3): | -0.6550 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1480 | |
| Courbe Coppock: | 8.43 |
| MA7: | 11.441 | |
| MA20: | 11.229 | |
| MA50: | 11.121 | |
| MA100: | 11.385 | |
| MAexp7: | 11.402 | |
| MAexp20: | 11.260 | |
| MAexp50: | 11.202 | |
| MAexp100: | 11.216 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | +1.34% | |
| Price / MA50: | +2.33% | |
| Price / MA100: | -0.04% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | +1.07% | |
| Price / MAexp50: | +1.59% | |
| Price / MAexp100: | +1.46% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on EDF. At the time of publication of this analysis, the latest news was as follows:
- EDF:Information regarding the voting rights and shares (Article L.233-8-II of the French Commercial Code and 223-16 of the General Regulations of the “AMF”)
- EDF:2021 HALF-YEAR RESULTS Strong increase in EBITDA 10% growth in renewable projects portfolio to 66GW Extension of 1,300MW French reactors depreciation period to 50 years 2021 targets upgraded
- EDF:Notification of availability Half-year financial report at June 30, 2021
- Edf: SHAREHOLDERS’ GENERAL MEETING OF 22 JULY 2021: All the resolutions were adopted
- EDF Renewables and Goldman Sachs Asset Management Announce Commercial Operation of Toms River Solar Project
This member declared not having a position on this financial instrument or a related financial instrument.
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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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