EDP SA (EDP.LS) Stock Technical Analysis
ELI:EDP - Euronext Lisbon - PTEDP0AM0009 - Common Stock - Currency: EUR
Overall EDP gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EDP is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
EDP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EDP is lagging the market slightly.
EDP 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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
EDP has an average volume of 9009730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, EDP turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
EDP is part of the Electric Utilities industry. There are 17 other stocks in this industry, EDP did better than 50% of them.
Besides having an excellent technical rating, EDP 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 3.86. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for EDP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.87
3.98
When analyzing the support we can see 3 important areas.
- Support @3.68 from a horizontal line in the daily time frame.
- Support @3.20 from a horizontal line in the daily time frame.
- Support @2.90 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.86 to 3.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.94 from a horizontal line in the daily time frame.
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 EDP.LS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EDP.LS is up. |
| ChartMill Relative Strength | 62.58 | NEUTRAL | EDP.LS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EDP.LS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EDP.LS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EDP.LS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.97 | NEUTRAL | The RSI value for EDP.LS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests EDP.LS has a negative trend. |
| Stochastics (14,3) | 72.44 | NEUTRAL | The Stochastics value for EDP.LS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for EDP.LS suggests low volalility. |
| Average Directional Index/ADX (14) | 36.33 | POSITIVE | The high ADX value value for EDP.LS 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 |
|---|---|---|---|
| 3.87 | 3.69 | 0.18 (4.65%) | 21.50% |
| An entry @3.87. This is a Buy Stop order right above the resistance zone. | An exit @3.69. 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 4.65%. | For a 1.00% total portfolio risk, you can invest 21.50% 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.
ELI:EDP (7/15/2025, 1:21:08 PM)
3.843
+0.04 (+0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.97%
1 Week0.58%
2 Weeks3.37%
1 Month4.5%
3 Month16.57%
6 Month20.86%
12 Month4.1%
2 Year-10.45%
3 Year-22.94%
5 Year-11.18%
10 Year13%
15 Year50.85%
Volatility
ATR(14)0.06
ATR(20)%1.57%
ATR Inc-52.67%
Range Today0.05
ADR(20)0.06
ADR(20)%1.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.58
Mansfield0.18
10 Day High3.86
10 Day Low3.7
20 Day High3.86
20 Day Low3.6
52 Week High4.15
52 Week Low2.88
CS1 End3.68
CR1 Start3.86
Volume & EV
DER(3)3.8%
DER(5)0.69%
Volume1.03M
Volume Incr-27.47%
Vol(5)5.48M
Vol(50)9.01M