Edison SpA (EDNR.MI) Stock Technical Analysis
BIT:EDNR - IT0003372205
2.183
0 (-0.09%)
We assign a technical rating of 10 out of 10 to EDNR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EDNR is showing a nice and steady performance.
Warning: EDNR has an average volume of 8802 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that EDNR is one of the better performing stocks in the market, outperforming 84% of all stocks. On top of that, EDNR also shows a nice and consistent pattern of rising prices.
EDNR is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 89% of 20 stocks in the same industry.
EDNR 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.
EDNR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
In the last month EDNR has a been trading in a tight range between 2.15 and 2.23.
Besides having an excellent technical rating, EDNR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 2.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.17, 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.
More info and screens
1.74
2.25
We found 4 important support areas.
- A support zone ranging from 2.17 to 2.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.09 to 2.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.92 to 1.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.76 to 1.76. 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 2.23 to 2.23. This zone is formed by a combination of multiple trend lines 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 EDNR.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EDNR.MI is up. |
| ChartMill Relative Strength | 84.88 | POSITIVE | EDNR.MI has a high relative strength, it outperformed 84.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EDNR.MI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EDNR.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EDNR.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.42 | NEUTRAL | The RSI value for EDNR.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests EDNR.MI has a negative trend. |
| Stochastics (14,3) | 40.83 | NEUTRAL | The Stochastics value for EDNR.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for EDNR.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 35.94 | POSITIVE | The high ADX value value for EDNR.MI 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 |
|---|---|---|---|
| 2.20 | 2.16 | 0.05 (2.13%) | 25.00% |
| An entry @2.20. This is a Buy Stop order right above the 10 day moving average. | An exit @2.16. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.05 points, which is 2.13%. | For a 0.53% 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.
BIT:EDNR (9/4/2025, 5:15:11 PM)
2.183
0 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.09%
1 Week-0.32%
2 Weeks-0.55%
1 Month2.73%
3 Month11.26%
6 Month19.09%
12 Month40.39%
2 Year55.71%
3 Year78.93%
5 Year131.74%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%1.16%
ATR Inc-57.46%
Range Today0
ADR(20)0.02
ADR(20)%0.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.88
Mansfield0.51
10 Day High2.23
10 Day Low2.17
20 Day High2.23
20 Day Low2.15
52 Week High2.23
52 Week Low1.54
CS1 End2.17
CR1 Start2.23
Volume & EV
DER(3)1.53%
DER(5)0.92%
Volume37
Volume Incr-32.67%
Vol(5)5.87K
Vol(50)8.80K