Technical Analysis for 0ML1 - EDP Renovaveis

Grade Last Price % Change Price Change
F 18.88 -1.72% -0.33
0ML1 closed down 1.72 percent on Friday, May 26, 2023, on 1 percent of normal volume. It ran into resistance at its 50 day moving average. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
50 DMA Resistance Bearish 0.00%
New 52 Week Closing Low Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Expansion Breakdown Bearish Swing Setup 0.00%
Expansion Pivot Sell Setup Bearish Swing Setup 0.00%
Reversal New Lows Setup Bearish Swing Setup 0.00%
Slingshot Bearish Bearish Swing Setup 0.00%
Wide Range Bar Range Expansion 0.00%

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Profile

EDP Renováveis, S.A., a renewable energy company, plans, constructs, operates, and maintains electric power generation plants. The company operates wind and solar farms. As of December 31, 2021, it had an installed capacity of 5,908 megawatts in the United States; 2,194 megawatts in Spain; 795 megawatts in Brazil; and 1,142 megawatts in Portugal. The company was incorporated in 2007 and is headquartered in Madrid, Spain. EDP Renováveis, S.A. operates as a subsidiary of EDP-Energias de Portugal, S.A.
Classification

Keywords: Energy Renewable Energy

Is 0ML1 a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 27.22
52 Week Low 18.785
Average Volume 385,666
200-Day Moving Average 21.41
50-Day Moving Average 20.20
20-Day Moving Average 19.85
10-Day Moving Average 19.75
Average True Range 0.54
RSI (14) 26.47
ADX 16.21
+DI 34.18
-DI 23.60
Chandelier Exit (Long, 3 ATRs) 19.39
Chandelier Exit (Short, 3 ATRs) 20.49
Upper Bollinger Bands 20.72
Lower Bollinger Band 18.99
Percent B (%b) -0.06
BandWidth 8.72
MACD Line -0.27
MACD Signal Line -0.16
MACD Histogram -0.1069
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 22.06
Resistance 3 (R3) 22.41 21.71 21.53
Resistance 2 (R2) 21.71 20.90 21.53 21.35
Resistance 1 (R1) 20.29 20.40 19.94 19.94 21.18
Pivot Point 19.59 19.59 19.41 19.41 19.59
Support 1 (S1) 18.18 18.78 17.82 17.82 16.59
Support 2 (S2) 17.47 18.28 17.29 16.41
Support 3 (S3) 16.06 17.47 16.24
Support 4 (S4) 15.71