EDP-ENERGIAS DE PORTUGAL SA (EDP.LS)       4.793  -0.02 (-0.42%)

4.793  -0.02 (-0.42%)

PTEDP0AM0009 - Common Stock

Technical Rating

7

Overall EDP gets a technical rating of 7 out of 10. Both in the recent history as in the last year, EDP has proven to be a steady performer, scoring decent points in every aspect analyzed.



The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that EDP is one of the better performing stocks in the market, outperforming 86% of all stocks.
In the last month EDP has a been trading in the 4.53 - 4.88 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
EDP has an average volume of 7562360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EDP is an average performer in the Electric Utilities industry, it outperforms 57% of 7 stocks in the same industry.
EDP is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month 3 Months 6 Months 12 Months 0.77% 3.37% 8.40% 9.61% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 86.17 4.012 - 5.21
EDP Weekly chart
EDP Daily chart

Support/Resistance Analysis


4.08

5.03
When analyzing the support we can see 4 important areas.
  • A support zone ranging from 4.63 to 4.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 4.54 to 4.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @4.25 from a trend line in the weekly time frame.
  • Support @4.12 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
  • A resistance zone ranging from 4.79 to 4.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @4.98 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

8

EDP 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 4.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.8, a Stop Loss order could be placed below this zone.


Possible Trading Setup

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


ENTRYEXITDISTANCECAPITAL
4.874.690.18 (3.63%)25.00%
An entry @4.87. This is a Buy Stop order right above the resistance zone.An exit @4.69. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.18 points, which is 3.63%.For a 0.91% 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.
EDP Daily chart

EDP-ENERGIAS DE PORTUGAL SA4.793

ELI:EDP (3/29/2023, 9:53:09 AM)-0.02 (-0.42%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
Today-0.42%
1 Week0.21%
2 Weeks0.25%
1 Month0.77%
3 Month3.37%
6 Month8.4%
Volatility
ATR(14)0.1
ATR(20)%2.25%
ATR Inc-31.47%
Range Today0.03
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.17
Mansfield0.36
10 Day High4.87
10 Day Low4.7
20 Day High4.88
20 Day Low4.53
52 Week High5.21
52 Week Low4.01
CS1 End4.8
CR1 Start4.83
Volume & EV
DER(3)-0.73%
DER(5)-0.04%
Volume64.05K
Volume Incr-42.27%
Vol(5)5.49M
Vol(50)7.56M

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