EDP - 1H - Technical analysis published on 07/18/2022 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
78%
0%
22%
My opinion
Neutral between 4.555 EUR and 4.633 EUR
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 4.633 EUR. The first support is located at 4.555 EUR. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
The EDP rating is 4.609 EUR. The price registered a decrease of -0.02% on the session and was between 4.583 EUR and 4.660 EUR. This implies that the price is at +0.57% from its lowest and at -1.09% from its highest.4.583
4.660
4.609
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EDP in 1H shows an overall slightly bullish trend. 50.00% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. 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 : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.406 | 4.496 | 4.555 | 4.609 | 4.633 | 4.680 | 4.757 |
| Change (%) | -4.40% | -2.45% | -1.17% | - | +0.52% | +1.54% | +3.21% |
| Change | -0.203 | -0.113 | -0.054 | - | +0.024 | +0.071 | +0.148 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Intermediate | Minor |
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 | 4.421 | 4.461 | 4.535 | 4.575 | 4.649 | 4.689 | 4.763 |
| Camarilla | 4.579 | 4.589 | 4.600 | 4.610 | 4.621 | 4.631 | 4.641 |
| Woodie | 4.439 | 4.470 | 4.553 | 4.584 | 4.667 | 4.698 | 4.781 |
| Fibonacci | 4.461 | 4.504 | 4.531 | 4.575 | 4.618 | 4.645 | 4.689 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.148 | 4.324 | 4.467 | 4.643 | 4.786 | 4.962 | 5.105 |
| Camarilla | 4.522 | 4.552 | 4.581 | 4.610 | 4.639 | 4.669 | 4.698 |
| Woodie | 4.132 | 4.316 | 4.451 | 4.635 | 4.770 | 4.954 | 5.089 |
| Fibonacci | 4.324 | 4.446 | 4.521 | 4.643 | 4.765 | 4.840 | 4.962 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.712 | 3.989 | 4.221 | 4.498 | 4.730 | 5.007 | 5.239 |
| Camarilla | 4.312 | 4.359 | 4.405 | 4.452 | 4.499 | 4.545 | 4.592 |
| Woodie | 3.689 | 3.978 | 4.198 | 4.487 | 4.707 | 4.996 | 5.216 |
| Fibonacci | 3.989 | 4.184 | 4.304 | 4.498 | 4.693 | 4.813 | 5.007 |
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): | 54.63 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | 9.004 | |
| AROON (14): | 71.428 | |
| DEMA (21): | 4.592 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.562 | |
| Elder Ray (13): | 0.030 | |
| Super Trend (3,10): | 4.536 | |
| Zig ZAG (10): | 4.624 | |
| VORTEX (21): | 1.0010 | |
| Stochastique (14,3,5): | 86.15 | |
| TEMA (21): | 4.607 | |
| Williams %R (14): | -22.50 | |
| Chande Momentum Oscillator (20): | 0.098 | |
| Repulse (5,40,3): | 0.1140 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0520 | |
| Courbe Coppock: | 3.02 |
| MA7: | 4.639 | |
| MA20: | 4.559 | |
| MA50: | 4.585 | |
| MA100: | 4.424 | |
| MAexp7: | 4.614 | |
| MAexp20: | 4.600 | |
| MAexp50: | 4.614 | |
| MAexp100: | 4.610 | |
| Price / MA7: | -0.65% | |
| Price / MA20: | +1.10% | |
| Price / MA50: | +0.52% | |
| Price / MA100: | +4.18% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.02% |
Quotes :
-
15 min delayed data
-
Euronext Lisbonne
News
The last news published on EDP at the time of the generation of this analysis was as follows:
- Parade Technologies Announces World’s First Integrated Display eDP Timing Controller with Embedded Source Drivers and Touchscreen Controller for Notebook LTPS and Oxide In-Cell Panels
- EDP Partners with Vodafone Portugal and TechSee to Launch Visual Assistance for Customers and Field Technicians
- NIPSCO, EDP Renewables to Bring Indiana Crossroads II Wind Farm and Indiana Crossroads Solar Park to Northwest Indiana
- EdpFinance B.V. - Half Year Report 2020
- Parade Introduces New eDP Tcons and Source Drivers Optimized for HDR Gaming Displays up to UHD Resolution
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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