EDP-ENERGIAS DE PORTUGAL SA (EDP.LS)

PTEDP0AM0009 - Common Stock

3.621  +0.04 (+1.03%)

Technical Rating and Analysis

1

Taking everything into account, EDP scores 1 out of 10 in our technical rating. EDP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, EDP is a bad performer in the overall market: 83% of all stocks are doing better.
EDP is one of the lesser performing stocks in the Electric Utilities industry. 73% of 16 stocks in the same industry do better.
EDP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month EDP has a been trading in the 3.48 - 3.71 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
EDP has an average volume of 8696640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
EDP Weekly chart
EDP Daily chart
Setup Rating and Analysis

8

EDP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.54, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • 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.
Support and Resistance Analysis

3.42

4.09

We found 1 important support area.

  • A support zone ranging from 3.45 to 3.59. 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 3 important areas.

  • A resistance zone ranging from 3.65 to 3.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 3.85 to 3.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @4.05 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.35
Mansfield-2.3
10 Day High3.72
10 Day Low3.5
20 Day High3.72
20 Day Low3.48
52 Week High4.64
52 Week Low3.45
Performance
1 Week1.5%
2 Weeks1.13%
1 Month-0.03%
3 Month-0.64%
6 Month-16.46%
12 Month-16.4%
2 Year-27.43%
3 Year-18.12%
5 Year7.92%
10 Year2.31%
15 Year28.78%
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)47.66
LBB3.47
UBB3.68
EDP Daily chart

EDP-ENERGIAS DE PORTUGAL SA

ELI:EDP (7/17/2024, 5:29:42 PM)

3.621

+0.04 (+1.03%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg1.03%
1 Week1.5%
2 Weeks1.13%
1 Month-0.03%
3 Month-0.64%
6 Month-16.46%
12 Month-16.4%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.08
ATR(20)%2.06%
ATR Inc
Range Today0.11
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High3.72
10 Day Low3.5
20 Day High3.72
20 Day Low3.48
52 Week High4.64
52 Week Low3.45
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume3.41M
Volume Incr1.7%
Vol(5)8.10M
Vol(50)8.70M