EDP RENOVAVEIS SA (EDPR.LS)

ES0127797019 - Common Stock

19.1  -0.13 (-0.7%)

Technical Rating

0

Overall EDPR gets a technical rating of 0 out of 10. EDPR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



In the last month EDPR has a been trading in the 18.12 - 20.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
82% of all other stocks performed better in the past year than EDPR.
EDPR is part of the Independent Power and Renewable Electricity Producers industry. There are 13 other stocks in this industry, of which 62% are performing better than EDPR.
EDPR 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.

Statistics

1 Month 3 Months 6 Months 12 Months -4.82% -8.54% -12.69% -15.64% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 18.94 18.12 - 26.87
EDPR Weekly chart
EDPR Daily chart

Support/Resistance Analysis


18.70

21.99
When analyzing the support we notice one important area.
  • A support zone ranging from 18.89 to 19.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
  • A resistance zone ranging from 19.55 to 20.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 20.85 to 21.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @21.77 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

5

EDPR has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


EDPR Daily chart

EDP RENOVAVEIS SA

ELI:EDPR (6/5/2023, 2:46:16 PM)

19.1

-0.13 (-0.7%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.7%
1 Week1.83%
2 Weeks-2.63%
1 Month-4.82%
3 Month-8.54%
6 Month-12.69%
12 Month-15.64%
Volatility
ATR(14)0.46
ATR(20)%2.45%
ATR Inc-6.46%
Range Today0.35
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.94
Mansfield-1.81
10 Day High19.95
10 Day Low18.12
20 Day High20.91
20 Day Low18.12
52 Week High26.87
52 Week Low18.12
CS1 End19.1
CR1 Start19.55
Volume & EV
DER(3)0.91%
DER(5)-0.88%
Volume118.71K
Volume Incr37.31%
Vol(5)763.36K
Vol(50)554.45K
Technical Stock Screener Links
Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the EuroNext

Screen Image

Best Technical Competitors Stock Screener

Find the competitors with the best technical ratings on the EuroNext

Screen Image

Best Technical Setups Competitors Stock Screener

Find the competitors with the best technical and setup ratings on the EuroNext