EDP
EDP
- EUR (-)
- 15 min delayed data - Euronext Lisbonne
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: EDP
ISIN: PTEDP0AM0009

EDP - 1H - Technical analysis published on 07/20/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 4.680 EUR
My targets
4.809 EUR (+2.10%)
5.192 EUR (+10.23%)
My analysis
The bullish trend is currently very strong on EDP. As long as the price remains above the support at 4.680 EUR, you could try to benefit from the boom. The first bullish objective is located at 4.809 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.192 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
6.8

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

EDP rating 4.710 EUR. On the day, this instrument gained +0.71% with the lowest point at 4.636 EUR and the highest point at 4.718 EUR. The deviation from the price is +1.60% for the low point and -0.17% for the high point.

4.636
4.718
4.710

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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


A technical analysis in 1H of this EDP chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



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

Central Patterns

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour


Near support of channel

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 4.555 4.633 4.680 4.710 4.809 5.192
Change (%) -3.29% -1.63% -0.64% - +2.10% +10.23%
Change -0.155 -0.077 -0.030 - +0.099 +0.482
Level Intermediate Minor Intermediate - Major 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
Standard4.5204.5704.6234.6734.7264.7764.829
Camarilla4.6494.6584.6684.6774.6864.6964.705
Woodie4.5234.5714.6264.6744.7294.7774.832
Fibonacci4.5704.6094.6334.6734.7124.7364.776


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.1484.3244.4674.6434.7864.9625.105
Camarilla4.5224.5524.5814.6104.6394.6694.698
Woodie4.1324.3164.4514.6354.7704.9545.089
Fibonacci4.3244.4464.5214.6434.7654.8404.962


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.7123.9894.2214.4984.7305.0075.239
Camarilla4.3124.3594.4054.4524.4994.5454.592
Woodie3.6893.9784.1984.4874.7074.9965.216
Fibonacci3.9894.1844.3044.4984.6934.8135.007

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): 60.33
MACD (12,26,9): 0.0120
Directional Movement: 6.801
AROON (14): 21.429
DEMA (21): 4.681
Parabolic SAR (0,02-0,02-0,2): 4.636
Elder Ray (13): 0.011
Super Trend (3,10): 4.612
Zig ZAG (10): 4.695
VORTEX (21): 1.1270
Stochastique (14,3,5): 48.63
TEMA (21): 4.686
Williams %R (14): -27.91
Chande Momentum Oscillator (20): -0.004
Repulse (5,40,3): 1.0870
ROCnROLL: 1
TRIX (15,9): 0.0550
Courbe Coppock: 0.62
MA7: 4.641
MA20: 4.592
MA50: 4.595
MA100: 4.436
MAexp7: 4.677
MAexp20: 4.664
MAexp50: 4.647
MAexp100: 4.629
Price / MA7: +1.49%
Price / MA20: +2.57%
Price / MA50: +2.50%
Price / MA100: +6.18%
Price / MAexp7: +0.71%
Price / MAexp20: +0.99%
Price / MAexp50: +1.36%
Price / MAexp100: +1.75%

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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