EDP Energias (Portugal) Technical Analysis

EDP Stock  EUR 3.64  0.05  1.39%   
As of the 18th of April 2024, EDP Energias shows the Mean Deviation of 1.24, coefficient of variation of (507.37), and Standard Deviation of 1.63. EDP Energias technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate data for thirteen technical drivers for EDP Energias, which can be compared to its peers. Please confirm EDP Energias maximum drawdown, as well as the relationship between the potential upside and kurtosis to decide if EDP Energias is priced adequately, providing market reflects its regular price of 3.64 per share.

EDP Energias Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as EDP, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EDP
  
EDP Energias' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
EDP Energias technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of EDP Energias technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of EDP Energias trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

EDP Energias Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of EDP Energias volatility. High ATR values indicate high volatility, and low values indicate low volatility.

EDP Energias Trend Analysis

Use this graph to draw trend lines for EDP Energias. You can use it to identify possible trend reversals for EDP Energias as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual EDP Energias price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

EDP Energias Best Fit Change Line

The following chart estimates an ordinary least squares regression model for EDP Energias applied against its price change over selected period. The best fit line has a slop of   0.0098  , which may suggest that EDP Energias market price will keep on failing further. It has 122 observation points and a regression sum of squares at 3.63, which is the sum of squared deviations for the predicted EDP Energias price change compared to its average price change.

About EDP Energias Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of EDP Energias on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of EDP Energias based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on EDP Energias price pattern first instead of the macroeconomic environment surrounding EDP Energias. By analyzing EDP Energias's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of EDP Energias's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to EDP Energias specific price patterns or momentum indicators. Please read more on our technical analysis page.

EDP Energias April 18, 2024 Technical Indicators

Most technical analysis of EDP help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for EDP from various momentum indicators to cycle indicators. When you analyze EDP charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

EDP Energias April 18, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as EDP stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EDP Energias. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for EDP Stock analysis

When running EDP Energias' price analysis, check to measure EDP Energias' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EDP Energias is operating at the current time. Most of EDP Energias' value examination focuses on studying past and present price action to predict the probability of EDP Energias' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EDP Energias' price. Additionally, you may evaluate how the addition of EDP Energias to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between EDP Energias' value and its price as these two are different measures arrived at by different means. Investors typically determine if EDP Energias is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EDP Energias' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.