EDF - Daily - Technical analysis published on 10/12/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
EDF Chart
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 11.528 EUR
My targets
12.847 EUR (+7.87%)
14.153 EUR (+18.83%)
My analysis
The basic trend is bullish on EDF and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 11.528 EUR. Sellers would then use the next support located at 10.685 EUR as an objective. Crossing it would then enable sellers to target 9.259 EUR. If there is a return to above the resistance located at 12.847 EUR, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 14.153 EUR and 19.419 EUR by extension.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
1.1
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This analysis was given by Londinia.
Additional analysis
Quotes
The EDF rating is 11.910 EUR. The price registered a decrease of -0.04% on the session with the lowest point at 11.900 EUR and the highest point at 11.920 EUR. The deviation from the price is +0.08% for the low point and -0.08% for the high point.11.900
11.920
11.910
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EDF chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. 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
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
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 horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
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 | 9.259 | 10.685 | 11.832 | 11.910 | 12.847 | 14.153 | 19.419 |
| Change (%) | -22.26% | -10.29% | -0.65% | - | +7.87% | +18.83% | +63.05% |
| Change | -2.651 | -1.225 | -0.078 | - | +0.937 | +2.243 | +7.509 |
| Level | Major | Intermediate | Major | - | Major | Major | Intermediate |
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 | 11.868 | 11.882 | 11.898 | 11.912 | 11.928 | 11.942 | 11.958 |
| Camarilla | 11.907 | 11.910 | 11.912 | 11.915 | 11.918 | 11.921 | 11.923 |
| Woodie | 11.870 | 11.883 | 11.900 | 11.913 | 11.930 | 11.943 | 11.960 |
| Fibonacci | 11.882 | 11.893 | 11.900 | 11.912 | 11.923 | 11.930 | 11.942 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.793 | 11.842 | 11.873 | 11.922 | 11.953 | 12.002 | 12.033 |
| Camarilla | 11.883 | 11.890 | 11.898 | 11.905 | 11.912 | 11.920 | 11.927 |
| Woodie | 11.785 | 11.838 | 11.865 | 11.918 | 11.945 | 11.998 | 12.025 |
| Fibonacci | 11.842 | 11.872 | 11.891 | 11.922 | 11.952 | 11.971 | 12.002 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.528 | 11.657 | 11.773 | 11.902 | 12.018 | 12.147 | 12.263 |
| Camarilla | 11.823 | 11.845 | 11.868 | 11.890 | 11.913 | 11.935 | 11.957 |
| Woodie | 11.523 | 11.654 | 11.768 | 11.899 | 12.013 | 12.144 | 12.258 |
| Fibonacci | 11.657 | 11.750 | 11.808 | 11.902 | 11.995 | 12.053 | 12.147 |
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): | 54.76 | |
| MACD (12,26,9): | 0.0240 | |
| Directional Movement: | 0.429 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 11.959 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.866 | |
| Elder Ray (13): | -0.009 | |
| Super Trend (3,10): | 11.886 | |
| Zig ZAG (10): | 11.910 | |
| VORTEX (21): | 0.9140 | |
| Stochastique (14,3,5): | 38.60 | |
| TEMA (21): | 11.855 | |
| Williams %R (14): | -63.16 | |
| Chande Momentum Oscillator (20): | 0.020 | |
| Repulse (5,40,3): | -0.1550 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0240 | |
| Courbe Coppock: | 0.10 |
| MA7: | 11.924 | |
| MA20: | 11.913 | |
| MA50: | 11.930 | |
| MA100: | 10.564 | |
| MAexp7: | 11.917 | |
| MAexp20: | 11.915 | |
| MAexp50: | 11.630 | |
| MAexp100: | 10.975 | |
| Price / MA7: | -0.12% | |
| Price / MA20: | -0.03% | |
| Price / MA50: | -0.17% | |
| Price / MA100: | +12.74% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | +2.41% | |
| Price / MAexp100: | +8.52% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on EDF at the time of the analysis were as follows:
- Appointment to the EDF Board of Directors
-
France's EDF plans to restart nation’s entire nuclear fleet by early next year
- Legal claim concerning the allocation of additional electricity volumes at a regulated price for 2022
- Information regarding the voting rights and shares
- MAREX TO ACQUIRE ED&F MAN CAPITAL MARKETS
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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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