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$EDEN (Edenred) Price Analysis
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Penke

I guess you are interested in Edenred. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📈 Technical Analysis (TA) – Edenred’s Price Targets

I'm going to help you getting a better view of Edenred. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Technical Analysis of Edenred
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Edenred. The general trend of Edenred is BEARISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Edenred's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-28.6%) Bearish trend (28.6%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Neutral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Neutral to overboughtOverbought=Overbought

1. Edenred Price Targets

1.1 sr

Score

Let's take a look at the sr of Edenred.

  • The price is currently trading around a support level. This can be considered as a potential entry level.
Edenred Daily sr Chart

2. Trend Indicators

2.1 mas

Score

Let's take a look at the mas of Edenred.

  • The SHORT shows a strengthening upward trend.
  • Price action is supported by the SHORT.
  • The SHORT is leading the MEDIUM, indicating positive trend alignment.
  • The SHORT is lagging behind the INTER, indicating weaker trend alignment.
  • The SHORT is lagging behind the LONG, indicating weaker trend alignment.
  • The MEDIUM shows a strengthening upward trend.
  • Price action is supported by the MEDIUM.
  • The MEDIUM is lagging behind the INTER, indicating weaker trend alignment.
  • The MEDIUM is lagging behind the LONG, indicating weaker trend alignment.
  • The INTER shows weakening trend behaviour.
  • Price action is trading under pressure relative to the INTER.
  • The INTER is lagging behind the LONG, indicating weaker trend alignment.
  • The LONG shows weakening trend behaviour.
  • Price action is trading under pressure relative to the LONG.

Directionalities and relatives.

Moving AverageTrendPricevs. MEDIUMvs. INTERvs. LONG
SHORT
MEDIUM
INTER
LONG

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Edenred Daily mas Chart
2.2 macd

Score

Let's take a look at the macd of Edenred.

  • Momentum is leaning bullish. Buying pressure currently dominates selling pressure, suggesting growing optimism and increased willingness to accumulate Edenred.
  • Overall momentum is positive. Market conditions reflect constructive sentiment, with buyers gradually gaining influence and supporting a favorable environment for Edenred.
  • Momentum is improving. Bullish pressure is strengthening as confidence builds and market participants position for potential continuation.
Edenred Daily macd ChartEdenred Daily macd Chart
2.3 dmi

Score

Let's take a look at the dmi of Edenred.

  • Directional bias favors buyers. Buying pressure currently dominates selling pressure, reflecting constructive sentiment and growing confidence among market participants.
  • Directional bias leans bullish while trend strength is beginning to build, often seen during early stages of trend development.
Edenred Daily dmi Chart
2.4 sar

Score

Let's take a look at the sar of Edenred.

  • Price action is supported by the prevailing trend structure, which is commonly interpreted as a bullish market signal.
Edenred Daily sar Chart

3. Momentum Indicators

3.1 rsi

Score

Let's take a look at the rsi of Edenred. The current phase is Correction in bear market.

  • Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Momentum is improving as buying interest gradually strengthens.
Edenred Daily rsi ChartEdenred Daily rsi Chart
3.2 stoch

Score

Let's take a look at the stoch of Edenred. The current phase is Correction in bear market.

  • Momentum favors buyers, indicating constructive short-term market participation.
  • Momentum is leaning bearish, with selling pressure outweighing buying interest and signaling increased short-term caution for Edenred.
  • Momentum is weakening as selling pressure increases and short-term sentiment deteriorates.
Edenred Daily stoch ChartEdenred Daily stoch Chart
3.3 cci

Score

Let's take a look at the cci of Edenred.

  • Price action appears stretched to the upside, suggesting momentum may be overheated and vulnerable to a pause or pullback.
Edenred Daily cci ChartEdenred Daily cci Chart
3.4 cmo

Score

Let's take a look at the cmo of Edenred.

  • Momentum is leaning positive, indicating constructive market conditions and increasing upside participation.
Edenred Daily cmo ChartEdenred Daily cmo Chart
3.5 willr

Score

Let's take a look at the willr of Edenred.

  • Momentum appears balanced, with neither buyers nor sellers showing a clear advantage in the current market environment.
Edenred Daily willr ChartEdenred Daily willr Chart

4. Volatility Indicators

4.1 bb

Score

Let's take a look at the bb of Edenred.

Edenred Daily bb Chart
4.2 atr

Score

Let's take a look at the atr of Edenred.

Edenred Daily atr ChartEdenred Daily atr Chart

5. Volume Indicators

5.1 obv

Score

Let's take a look at the obv of Edenred.

Edenred Daily obv ChartEdenred Daily obv Chart
5.2 mfi

Score

Let's take a look at the mfi of Edenred.

  • Money flow favors buyers, indicating constructive participation and supportive market conditions.
Edenred Daily mfi ChartEdenred Daily mfi Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Edenred.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal

6.3. Candlestick Patterns

Edenred Daily Candlestick Chart
DateCandlestick Pattern
Penke

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