EDP Renovaveis (Portugal) Technical Analysis

EDPR Stock  EUR 13.00  0.15  1.14%   
As of the 19th of March, EDP Renovaveis shows the Standard Deviation of 2.0, mean deviation of 1.43, and Coefficient Of Variation of (526.21). EDP Renovaveis 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 thirteen technical drivers for EDP Renovaveis, which can be compared to its rivals. Please confirm EDP Renovaveis value at risk, skewness, and the relationship between the maximum drawdown and potential upside to decide if EDP Renovaveis is priced adequately, providing market reflects its regular price of 13.0 per share.

EDP Renovaveis 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 Renovaveis' 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 Renovaveis 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 Renovaveis technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of EDP Renovaveis 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 Renovaveis Technical Analysis

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The output start index for this execution was ten with a total number of output elements of fifty-one. 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 Renovaveis volatility. High ATR values indicate high volatility, and low values indicate low volatility.

EDP Renovaveis Trend Analysis

Use this graph to draw trend lines for EDP Renovaveis. You can use it to identify possible trend reversals for EDP Renovaveis 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 Renovaveis price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

EDP Renovaveis Best Fit Change Line

The following chart estimates an ordinary least squares regression model for EDP Renovaveis applied against its price change over selected period. The best fit line has a slop of   0.09  , which may suggest that EDP Renovaveis market price will keep on failing further. It has 122 observation points and a regression sum of squares at 335.38, which is the sum of squared deviations for the predicted EDP Renovaveis price change compared to its average price change.

About EDP Renovaveis 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 Renovaveis 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 Renovaveis based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on EDP Renovaveis price pattern first instead of the macroeconomic environment surrounding EDP Renovaveis. By analyzing EDP Renovaveis'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 Renovaveis'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 Renovaveis specific price patterns or momentum indicators. Please read more on our technical analysis page.

EDP Renovaveis March 19, 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 Renovaveis March 19, 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 Renovaveis. 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Complementary Tools for EDP Stock analysis

When running EDP Renovaveis' price analysis, check to measure EDP Renovaveis' 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 Renovaveis is operating at the current time. Most of EDP Renovaveis' value examination focuses on studying past and present price action to predict the probability of EDP Renovaveis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EDP Renovaveis' price. Additionally, you may evaluate how the addition of EDP Renovaveis to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between EDP Renovaveis' value and its price as these two are different measures arrived at by different means. Investors typically determine if EDP Renovaveis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EDP Renovaveis' 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.