EDP-Energias DE Portugal S.A. Forecast and Stock Analysis
Technical 0E8P.L stock analysis for Friday May 24, 2019.
EDP-Energias DE Portugal S.A. gained 2.35% in the last trading day ( Friday, 24th May 2019 ), rising from 3.26€ to 3.34€ During day the stock fluctuated 1.03% from a day low at 3.30€ to a day high of 3.34€. The price has risen in 5 of the last 10 days and is up by 1.12% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 10.97 million more shares were traded than the day before. In total, 11.10 million shares bought and sold for approximately 37.04€ million.
- 30 day high of the 0E8P.L stock price was 3.43€ and low was 3.09€.
- 90 day high was 3.54€ and low was 3.09€.
- 52 week high for the EDP-Energias DE Portugal S.A. - 3.54€ and low - 2.91€.
Given the current horizontal trend you can expect EDP-Energias DE Portugal S.A. with 90% probability to be traded between 3.14€ and 3.53€ at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Wednesday May 15, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. EDP-Energias DE Portugal S.A. holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at 3.36€. On a fall, the stock will find some support from the short-term average at 3.25€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 48 and the stock is currently not being overbought or oversold
Support & Resistance
EDP-Energias DE Portugal S.A. finds support from accumulated volume at 3.30€.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved 0.03€ (1.03%) between high and low. For the last week, the stock has had a daily average volatility of 0.65%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
0.65 %Average volatility
Very Low Low Medium High Very High
EDP-Energias DE Portugal S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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