Electricite de France (EDF.PA) Stock Technical Analysis
Europe - EPA:EDF - FR0010242511 - Common Stock
Overall EDF gets a technical rating of 7 out of 10. EDF 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.
Besides having an excellent technical rating, EDF also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 11.99, a Stop Loss order could be placed below this zone.
More info and screens
11.65
We found 1 important support area.
- A support zone ranging from 11.77 to 11.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 12.00 to 12.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for EDF.PA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EDF.PA is up. |
| ChartMill Relative Strength | 95.34 | POSITIVE | EDF.PA has a high relative strength, it outperformed 95.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EDF.PA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EDF.PA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EDF.PA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.19 | OVERBOUGHT | The high RSI value suggests EDF.PA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests EDF.PA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.09 | NEUTRAL | The Stochastics value for EDF.PA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.14 | LOW VOLATILITY | The low ATR as a percentage value for EDF.PA suggests low volalility. |
| Average Directional Index/ADX (14) | 58.92 | POSITIVE | The high ADX value value for EDF.PA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.04 | 11.99 | 0.04 (0.37%) | 25.00% |
| An entry @12.04. This is a Buy Stop order right above the 10 day high. | An exit @11.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.04 points, which is 0.37%. | For a 0.09% total portfolio risk, you can invest 25.00% 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.
EPA:EDF (5/17/2023, 7:00:00 PM)
12
0 (0%)
Electricite de France / EDF.PA FAQ
What is the ChartMill technical rating of Electricite de France (EDF.PA) stock?
ChartMill assigns a technical rating of 6 / 10 to EDF.PA.
Can you provide the trend direction for Electricite de France?
The current trend direction for Electricite de France (EDF.PA) is Bullish.
Can you provide the RSI signal for Electricite de France?
Electricite de France (EDF.PA) has an RSI value of 78.1909. This indicates that the stock is currently overbought.
What is the MACD signal for Electricite de France (EDF.PA) stock?
The MACD indicator for Electricite de France (EDF.PA) has a value of 0.000434751, indicating a bearish trend.
What is the buy/sell signal for Electricite de France (EDF.PA) stock?
The buy/sell signal for Electricite de France (EDF.PA) is buy as both the short term and long term trends are positive.