PTEDP0AM0009 - Common Stock
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.
4.08
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.
The following trade can be suggested based on the decent technical rating and setup score.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
4.87 | 4.69 | 0.18 (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. |
ELI:EDP (3/29/2023, 9:53:09 AM)-0.02 (-0.42%)
Find stocks with similar TA and Setup ratings on the EuroNext
Find the competitors with the best technical ratings on the EuroNext
Find the competitors with the best technical and setup ratings on the EuroNext