XLON:0E8P
Delisted

EDP-Energias DE Portugal S.A. Stock Forecast

£3.39
+0 (+0%)
At Close: Aug 08, 2019

Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Red day on Thursday for EDP-Energias DE Portugal S.A.
(Updated on Aug 08, 2019)

Hold candidate since Aug 01, 2019 PDF

No changes to the price of EDP-Energias DE Portugal S.A. stock on the last trading day (Thursday, 8th Aug 2019). During the last trading day the stock fluctuated 0% from a day low at £3.39 to a day high of £3.39. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.57% during the next 3 months and, with a 90% probability hold a price between £3.44 and £3.74 at the end of this 3-month period.

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0E8P.L Signals & Forecast

The EDP-Energias DE Portugal S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £3.39 and £3.39. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, August 07, 2019, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for EDP-Energias DE Portugal S.A. stock

EDP-Energias DE Portugal S.A. finds support from accumulated volume at £3.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: £3.26 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (0E8P.L) For The Upcoming Trading Day Of Friday 9th

For the upcoming trading day on Friday, 9th we expect EDP-Energias DE Portugal S.A. to open at £3.39, and during the day (based on 14 day Average True Range), to move between £3.39 and £3.40, which gives a possible trading interval of +/-£0.0046 (+/-0.14%) up or down from last closing price. If EDP-Energias DE Portugal S.A. takes out the full calculated possible swing range there will be an estimated 0.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £3.40 (0.35%) than the support at £3.30 (2.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is EDP-Energias DE Portugal S.A. stock A Buy?

EDP-Energias DE Portugal S.A. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.702 Hold/Accumulate Unchanged

Predicted Opening Price for EDP-Energias DE Portugal S.A. of Friday, August 9, 2019

Fair opening price August 9, 2019 Current price
£3.39 ( 0%) £3.39

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 0E8P.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.39 .
R2 3.39 .
R1 3.39 .
Current price: 3.39
Support S1 3.39 .
S2 3.39 .
S3 3.39 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.47 2.30 %
R2 3.47 2.24 %
R1 3.40 0.354 %
Current price 3.39
Support S1 3.30 -2.67%
S2 3.27 -3.54%
S3 3.17 -6.65%

FAQ

What is the symbol for EDP-Energias DE Portugal S.A. Stock and on which exchange is it traded?
The symbol for EDP-Energias DE Portugal S.A. is 0E8P.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell EDP-Energias DE Portugal S.A. Stock?
EDP-Energias DE Portugal S.A. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy EDP-Energias DE Portugal S.A. Stock?
EDP-Energias DE Portugal S.A. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy EDP-Energias DE Portugal S.A. Stock.

What's the current price of EDP-Energias DE Portugal S.A. Stock?
As of the end of day on the 2019-08-08, the price of an EDP-Energias DE Portugal S.A. (0E8P.L) share was £3.39.

What is the 52-week high and low for EDP-Energias DE Portugal S.A. Stock?
The 52-week high for EDP-Energias DE Portugal S.A. Stock is £3.54 and the 52-week low is £2.91.
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