Electricite de France (EDF.PA) Stock Technical Analysis
EPA:EDF - Euronext Paris - Matif - FR0010242511 - Common Stock - Currency: EUR
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.
The long and short term trends are both positive. This is looking good!
EDF is one of the better performing stocks in the Electric Utilities industry, it outperforms 93% of 17 stocks in the same industry.
EDF is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
Looking at the yearly performance, EDF did better than 95% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month EDF has a been trading in a tight range between 11.90 and 12.03.
Considerably lower volume is observed in the last couple of days.
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
12.19
When analyzing the support we notice one important 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.
When analyzing the resistance we notice one important 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.09%. |
- 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0%
1 Week0%
2 Weeks0.13%
1 Month0.76%
3 Month0.84%
6 Month0.59%
12 Month41.54%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.14%
ATR Inc-47.17%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.34
Mansfield0.04
10 Day High12.03
10 Day Low12
20 Day High12.03
20 Day Low11.9
52 Week High12.07
52 Week Low7.27
CS1 End11.99
CR1 Start12
Volume & EV
DER(3)1.29%
DER(5)0.99%
Volume238.07K
Volume Incr-76%
Vol(5)369.27K
Vol(50)892.98K