EDENRED (EDEN.PA)       53.64  +0.14 (+0.26%)

53.64  +0.14 (+0.26%)

FR0010908533 - Common Stock

Technical Rating


We assign a technical rating of 8 out of 10 to EDEN. EDEN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that EDEN is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by EDEN over the past year are nicely spread over this period.
EDEN is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month EDEN has a been trading in the 49.99 - 54.12 range, which is quite wide. It is currently trading near the high of this range.


1 Month 3 Months 6 Months 12 Months -0.74% 5.42% 13.26% 19.36% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 91.7 42.49 - 54.58
EDEN Weekly chart
EDEN Daily chart

Support/Resistance Analysis


We found 3 important support areas.
  • A support zone ranging from 51.80 to 52.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @50.04 from a trend line in the daily time frame.
  • A support zone ranging from 48.16 to 48.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
  • A resistance zone ranging from 53.70 to 54.09. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating


EDEN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 53.7. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.63, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.

54.1051.792.31 (4.27%)23.42%
An entry @54.10. This is a Buy Stop order right above the resistance zone.An exit @51.79. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 2.31 points, which is 4.27%.For a 1.00% total portfolio risk, you can invest 23.42% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EDEN Daily chart


EPA:EDEN (3/29/2023, 7:00:00 PM)+0.14 (+0.26%)

Chartmill TA Rating
Chartmill Setup Rating
GICS SectorN/A
GICS IndustryN/A
1 Week0.98%
2 Weeks5.8%
1 Month-0.74%
3 Month5.42%
6 Month13.26%
ATR Inc-27.23%
Range Today0.68
Trend & SMA
ST Trend
LT Trend
Relative Strength & Ranges
10 Day High53.98
10 Day Low49.99
20 Day High54.12
20 Day Low49.99
52 Week High54.58
52 Week Low42.49
CS1 End52.63
CR1 Start53.7
Volume & EV
Volume Incr-21.17%

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