EDP - Daily - Technical analysis published on 03/15/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 4.522 EUR
My targets
4.924 EUR (+2.12%)
5.186 EUR (+7.55%)
My analysis
The bullish trend is currently very strong on EDP. As long as the price remains above the support at 4.522 EUR, you could try to benefit from the boom. The first bullish objective is located at 4.924 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.186 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
7.9
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Additional analysis
Quotes
The EDP rating is 4.822 EUR. The price has increased by +0.44% since the last closing and was between 4.795 EUR and 4.850 EUR. This implies that the price is at +0.56% from its lowest and at -0.58% from its highest.4.795
4.850
4.822
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 Daily shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 4.334 | 4.522 | 4.809 | 4.822 | 4.924 | 5.186 |
| Change (%) | -10.12% | -6.22% | -0.27% | - | +2.12% | +7.55% |
| Change | -0.488 | -0.300 | -0.013 | - | +0.102 | +0.364 |
| Level | Major | Major | Major | - | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.643 | 4.681 | 4.741 | 4.779 | 4.839 | 4.877 | 4.937 |
| Camarilla | 4.774 | 4.783 | 4.792 | 4.801 | 4.810 | 4.819 | 4.828 |
| Woodie | 4.654 | 4.687 | 4.752 | 4.785 | 4.850 | 4.883 | 4.948 |
| Fibonacci | 4.681 | 4.718 | 4.742 | 4.779 | 4.816 | 4.840 | 4.877 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.453 | 4.558 | 4.656 | 4.761 | 4.859 | 4.964 | 5.062 |
| Camarilla | 4.698 | 4.717 | 4.735 | 4.754 | 4.773 | 4.791 | 4.810 |
| Woodie | 4.450 | 4.556 | 4.653 | 4.759 | 4.856 | 4.962 | 5.059 |
| Fibonacci | 4.558 | 4.636 | 4.684 | 4.761 | 4.839 | 4.887 | 4.964 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.296 | 4.416 | 4.596 | 4.716 | 4.896 | 5.016 | 5.196 |
| Camarilla | 4.694 | 4.721 | 4.749 | 4.776 | 4.804 | 4.831 | 4.859 |
| Woodie | 4.326 | 4.431 | 4.626 | 4.731 | 4.926 | 5.031 | 5.226 |
| Fibonacci | 4.416 | 4.531 | 4.601 | 4.716 | 4.831 | 4.901 | 5.016 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.40 | |
| MACD (12,26,9): | 0.0220 | |
| Directional Movement: | 2.335 | |
| AROON (14): | 7.143 | |
| DEMA (21): | 4.772 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.578 | |
| Elder Ray (13): | 0.065 | |
| Super Trend (3,10): | 4.575 | |
| Zig ZAG (10): | 4.815 | |
| VORTEX (21): | 0.9850 | |
| Stochastique (14,3,5): | 70.07 | |
| TEMA (21): | 4.784 | |
| Williams %R (14): | -18.98 | |
| Chande Momentum Oscillator (20): | 0.018 | |
| Repulse (5,40,3): | 1.0860 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0530 | |
| Courbe Coppock: | 1.08 |
| MA7: | 4.763 | |
| MA20: | 4.751 | |
| MA50: | 4.728 | |
| MA100: | 4.635 | |
| MAexp7: | 4.773 | |
| MAexp20: | 4.746 | |
| MAexp50: | 4.713 | |
| MAexp100: | 4.676 | |
| Price / MA7: | +1.24% | |
| Price / MA20: | +1.49% | |
| Price / MA50: | +1.99% | |
| Price / MA100: | +4.03% | |
| Price / MAexp7: | +1.03% | |
| Price / MAexp20: | +1.60% | |
| Price / MAexp50: | +2.31% | |
| Price / MAexp100: | +3.12% |
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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