EDP - Daily - Technical analysis published on 03/23/2023 (GMT)
- 168
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
11%
56%
My opinion
Bullish above 4.522 EUR
My targets
4.924 EUR (+3.36%)
5.186 EUR (+8.86%)
My analysis
EDP is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.522 EUR. The next resistance located at 4.924 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5.186 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.1
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:
Additional analysis
Quotes
The EDP rating is 4.764 EUR. On the day, this instrument gained +0.19% and was traded between 4.742 EUR and 4.781 EUR over the period. The price is currently at +0.46% from its lowest and -0.36% from its highest.4.742
4.781
4.764
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
Here is a more detailed summary of the historical variations registered by EDP:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
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 detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.334 | 4.522 | 4.723 | 4.764 | 4.809 | 4.924 | 5.186 |
| Change (%) | -9.03% | -5.08% | -0.86% | - | +0.94% | +3.36% | +8.86% |
| Change | -0.430 | -0.242 | -0.041 | - | +0.045 | +0.160 | +0.422 |
| Level | Major | Major | Major | - | Major | Minor | Major |
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 | 4.677 | 4.714 | 4.735 | 4.772 | 4.793 | 4.830 | 4.851 |
| Camarilla | 4.739 | 4.744 | 4.750 | 4.755 | 4.760 | 4.766 | 4.771 |
| Woodie | 4.668 | 4.710 | 4.726 | 4.768 | 4.784 | 4.826 | 4.842 |
| Fibonacci | 4.714 | 4.737 | 4.750 | 4.772 | 4.795 | 4.808 | 4.830 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.391 | 4.512 | 4.630 | 4.751 | 4.869 | 4.990 | 5.108 |
| Camarilla | 4.683 | 4.705 | 4.727 | 4.749 | 4.771 | 4.793 | 4.815 |
| Woodie | 4.391 | 4.511 | 4.630 | 4.750 | 4.869 | 4.989 | 5.108 |
| Fibonacci | 4.512 | 4.603 | 4.659 | 4.751 | 4.842 | 4.898 | 4.990 |
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): | 51.69 | |
| MACD (12,26,9): | 0.0160 | |
| Directional Movement: | -0.371 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 4.778 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.613 | |
| Elder Ray (13): | -0.003 | |
| Super Trend (3,10): | 4.575 | |
| Zig ZAG (10): | 4.768 | |
| VORTEX (21): | 0.8940 | |
| Stochastique (14,3,5): | 61.34 | |
| TEMA (21): | 4.782 | |
| Williams %R (14): | -41.84 | |
| Chande Momentum Oscillator (20): | -0.006 | |
| Repulse (5,40,3): | -0.3410 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0560 | |
| Courbe Coppock: | 0.87 |
| MA7: | 4.774 | |
| MA20: | 4.761 | |
| MA50: | 4.723 | |
| MA100: | 4.655 | |
| MAexp7: | 4.770 | |
| MAexp20: | 4.756 | |
| MAexp50: | 4.725 | |
| MAexp100: | 4.686 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | +0.06% | |
| Price / MA50: | +0.87% | |
| Price / MA100: | +2.34% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.83% | |
| Price / MAexp100: | +1.66% |
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
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…
Add a comment
Comments
0 comments on the analysis EDP - Daily