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$EDPR (Edp Renovaveis) Price Analysis
Buy, Hold or Sell?

Let's analyze Edp Renovaveis together

Penke

I guess you are interested in Edp Renovaveis. 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) – Edp Renovaveis’s Price Targets

I'm going to help you getting a better view of Edp Renovaveis. 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 Edp Renovaveis
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 Edp Renovaveis. The general trend of Edp Renovaveis is BULLISH with 100.0% 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 Edp Renovaveis'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 (100.0%) Bearish trend (-100.0%)
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. Edp Renovaveis Price Targets

1.1 sr

Score

Let's take a look at the sr of Edp Renovaveis.

  • The price is currently trading around a support level. This can be considered as a potential entry level.
Edp Renovaveis Daily sr Chart
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2. Trend Indicators

2.1 Moving Averages

Score

Let's take a look at the Moving Averages of Edp Renovaveis.

  • 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 leading the INTER, indicating positive trend alignment.
  • The SHORT is leading the LONG, indicating positive trend alignment.
  • The MEDIUM shows a strengthening upward trend.
  • Price action is supported by the MEDIUM.
  • The MEDIUM is leading the INTER, indicating positive trend alignment.
  • The MEDIUM is leading the LONG, indicating positive trend alignment.
  • The INTER shows a strengthening upward trend.
  • Price action is supported by the INTER.
  • The INTER is leading the LONG, indicating positive trend alignment.
  • The LONG shows a strengthening upward trend.
  • Price action is supported by the LONG.

Directionalities and relatives.

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

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

Edp Renovaveis Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Edp Renovaveis.

  • Momentum is leaning bullish. Buying pressure currently dominates selling pressure, suggesting growing optimism and increased willingness to accumulate Edp Renovaveis.
  • Overall momentum is positive. Market conditions reflect constructive sentiment, with buyers gradually gaining influence and supporting a favorable environment for Edp Renovaveis.
  • Momentum is improving. Bullish pressure is strengthening as confidence builds and market participants position for potential continuation.
Edp Renovaveis Daily Moving Average Convergence/Divergence (MACD) ChartEdp Renovaveis Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

Score

Let's take a look at the Directional Movement Index (DMI) of Edp Renovaveis.

  • Directional bias favors buyers. Buying pressure currently dominates selling pressure, reflecting constructive sentiment and growing confidence among market participants.
  • Bullish conditions remain present, but trend strength is starting to fade, which may signal slowing momentum or a potential pause.
Edp Renovaveis Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Score

Let's take a look at the Parabolic SAR of Edp Renovaveis.

  • Price action is supported by the prevailing trend structure, which is commonly interpreted as a bullish market signal.
Edp Renovaveis Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Score

Let's take a look at the Relative Strength Index (RSI) of Edp Renovaveis. The current phase is Continuation in bull market.

  • Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Momentum is improving as buying interest gradually strengthens.
Edp Renovaveis Daily Relative Strength Index (RSI) ChartEdp Renovaveis Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Score

Let's take a look at the Stochastic Oscillator of Edp Renovaveis. The current phase is Overbought in bull market.

  • Momentum favors buyers, indicating constructive short-term market participation.
  • Momentum is stretched to the upside, suggesting the market may be overheated and vulnerable to a pause or pullback.
  • Momentum is leaning bullish, with buying pressure currently dominating selling interest and supporting positive short-term sentiment for Edp Renovaveis.
  • Momentum is weakening as selling pressure increases and short-term sentiment deteriorates.
Edp Renovaveis Daily Stochastic Oscillator ChartEdp Renovaveis Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Score

Let's take a look at the Commodity Channel Index (CCI) of Edp Renovaveis.

  • Price action appears stretched to the upside, suggesting momentum may be overheated and vulnerable to a pause or pullback.
Edp Renovaveis Daily Commodity Channel Index (CCI) ChartEdp Renovaveis Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Edp Renovaveis.

  • Momentum is leaning positive, indicating constructive market conditions and increasing upside participation.
Edp Renovaveis Daily Chande Momentum Oscillator (CMO) ChartEdp Renovaveis Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

Score

Let's take a look at the Williams %R of Edp Renovaveis.

  • Upward momentum appears stretched, suggesting buying pressure may be excessive and a pause or pullback could occur.
Edp Renovaveis Daily Williams %R ChartEdp Renovaveis Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Score

Let's take a look at the Bollinger Bands of Edp Renovaveis.

Edp Renovaveis Daily Bollinger Bands Chart
4.2 Average True Range (ATR)

Score

Let's take a look at the Average True Range (ATR) of Edp Renovaveis.

Edp Renovaveis Daily Average True Range (ATR) ChartEdp Renovaveis Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

Score

Let's take a look at the On-Balance Volume (OBV) of Edp Renovaveis.

Edp Renovaveis Daily On-Balance Volume (OBV) ChartEdp Renovaveis Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Score

Let's take a look at the Money Flow Index (MFI) of Edp Renovaveis.

  • Money flow favors buyers, indicating constructive participation and supportive market conditions.
Edp Renovaveis Daily Money Flow Index (MFI) ChartEdp Renovaveis Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Edp Renovaveis.

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

Edp Renovaveis Daily Candlestick Chart
DateCandlestick Pattern
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