FR0010908533 - Common Stock
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.
47.68
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.
The following trade can be suggested based on the decent technical rating and setup score.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
54.10 | 51.79 | 2.31 (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. |
EPA:EDEN (3/29/2023, 7:00:00 PM)+0.14 (+0.26%)
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