Londinia Opportunities Analyses - 07/25/2024 (GMT) EDP - 1H
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EUR
(-)
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15 min delayed data - Euronext Lisbonne
| Type: | Stocks |
| Ticker: | EDP |
| ISIN: | PTEDP0AM0009 |
- Europe Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 3.715 EUR
My targets
3.769 EUR (+0.75%)
3.953 EUR (+5.67%)
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 3.715 EUR. The next resistance located at 3.769 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 3.953 EUR. After this resistance, buyers could then target 4.189 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.
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
8.8
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Additional analysis
Quotes
EDP rating 3.741 EUR. The price registered an increase of +0.27% on the session and was between 3.690 EUR and 3.742 EUR. This implies that the price is at +1.38% from its lowest and at -0.03% from its highest.3.690
3.742
3.741
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EDP:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EDP in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.652 | 3.715 | 3.736 | 3.741 | 3.769 | 3.953 | 4.189 |
| Change (%) | -2.38% | -0.70% | -0.13% | - | +0.75% | +5.67% | +11.98% |
| Change | -0.089 | -0.026 | -0.005 | - | +0.028 | +0.212 | +0.448 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 3.590 | 3.624 | 3.677 | 3.711 | 3.764 | 3.798 | 3.851 |
| Camarilla | 3.707 | 3.715 | 3.723 | 3.731 | 3.739 | 3.747 | 3.755 |
| Woodie | 3.601 | 3.629 | 3.688 | 3.716 | 3.775 | 3.803 | 3.862 |
| Fibonacci | 3.624 | 3.657 | 3.677 | 3.711 | 3.744 | 3.764 | 3.798 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.417 | 3.473 | 3.565 | 3.621 | 3.713 | 3.769 | 3.861 |
| Camarilla | 3.615 | 3.629 | 3.642 | 3.656 | 3.670 | 3.683 | 3.697 |
| Woodie | 3.434 | 3.482 | 3.582 | 3.630 | 3.730 | 3.778 | 3.878 |
| Fibonacci | 3.473 | 3.530 | 3.565 | 3.621 | 3.678 | 3.713 | 3.769 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.009 | 3.246 | 3.372 | 3.609 | 3.735 | 3.972 | 4.098 |
| Camarilla | 3.399 | 3.433 | 3.466 | 3.499 | 3.532 | 3.566 | 3.599 |
| Woodie | 2.955 | 3.218 | 3.318 | 3.581 | 3.681 | 3.944 | 4.044 |
| Fibonacci | 3.246 | 3.384 | 3.470 | 3.609 | 3.747 | 3.833 | 3.972 |
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): | 62.28 | |
| MACD (12,26,9): | 0.0160 | |
| Directional Movement: | 7.544 | |
| AROON (14): | 35.714 | |
| DEMA (21): | 3.729 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.678 | |
| Elder Ray (13): | 0.014 | |
| Super Trend (3,10): | 3.663 | |
| Zig ZAG (10): | 3.734 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 80.75 | |
| TEMA (21): | 3.731 | |
| Williams %R (14): | -9.20 | |
| Chande Momentum Oscillator (20): | 0.023 | |
| Repulse (5,40,3): | 0.7280 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 2.23 |
| MA7: | 3.676 | |
| MA20: | 3.614 | |
| MA50: | 3.662 | |
| MA100: | 3.564 | |
| MAexp7: | 3.724 | |
| MAexp20: | 3.709 | |
| MAexp50: | 3.680 | |
| MAexp100: | 3.651 | |
| Price / MA7: | +1.77% | |
| Price / MA20: | +3.51% | |
| Price / MA50: | +2.16% | |
| Price / MA100: | +4.97% | |
| Price / MAexp7: | +0.46% | |
| Price / MAexp20: | +0.86% | |
| Price / MAexp50: | +1.66% | |
| Price / MAexp100: | +2.47% |
Quotes :
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15 min delayed data
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Euronext Lisbonne
News
The last news published on EDP at the time of the generation of this analysis was as follows:
- Kuva Systems, the leading Industrial IoT methane emission detection platform and Montrose Sensible EDP, a leader in revolutionizing the way environmental data is managed and monitored have collaborated to provide a comprehensive suite of environmental data technology
- 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