EN
Takip Edin: @UscMarketsEDRVF Stock Forecast & EDP Renováveis Chart Analysis
This article provides a detailed analysis of EDRVF-EDP Renováveis stock including a forecast for EDRVF shares. It features EDP Renováveis, S.A. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
EDRVF Historical Data Review
EDRVF Current Price Performance Analysis
The EDP Renováveis - EDRVF stock traded on the American stock market, on 06-05-2024, closed at 16.51$ with no change compared to the previous day.
In the last month, the price of EDRVF changed by %22.93 increased in value, from 13.43 dollars on 05-06-2024 to 16.51 dollars, increased.
Last year, the price of EDRVF was 19.45 dollars on 06-06-2023, and changed by %-15.12 decreased in value, to 16.51 dollars decreased within a year.
The price of EDP Renováveis stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
EDRVF with AI Stock Forecast & Price Target
On the EDRVF chart EDP Renováveis price was recorded as 16.51 Dollars on 06/05/2024.
The artificial intelligence's forecast on EDRVF stock is as follows.
The artificial intelligence's prediction error margin for EDRVF stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for EDP Renováveis stock over the next 4 months is: 11.7 Dollars.
The commentary on EDRVF stock Target Price: Highest: 14.62 Dollars is predicted.
The commentary on EDRVF stock Target Price: Lowest: 8.615 Dollars is predicted.
Resistance Price where EDP Renováveis stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-23-2024 | 13.468 |
| 02-10-2025 | 9.910 |
Support Price where EDP Renováveis stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 13.011 |
| 01-21-2025 | 9.819 |
| 04-01-2025 | 8.615 |
The commentary on EDRVF stock: The target price can generally be said to be on the decline.
The commentary on EDRVF stock: Fluctuations in the target price can be expected in the coming days.
The target price for EDP Renováveis stock by the end of 2024 is predicted to be 10.168 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on EDRVF stock, and the 2024 target price predictions for EDP Renováveis are detailed above.
The technical analysis and charts for the commentary on EDRVF stock are below.
EDRVF Support & Resistance and Trend Analysis
EDRVF stock you have reviewed the technical analysis support resistance charts regarding.
EDRVF : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the EDRVF review, the EDP Renováveis support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
EDP Renováveis Support and Resistance Prices:
| EDRVF Support Level Price | EDRVF Resistance Level Price |
|---|---|
| 12.94 | 14.04 |
| 13.43 | 15.68 |
| 13.67 | 16.36 |
| 15.34 | 18.39 |
| 17.08 | 19.84 |
| 17.85 | 20.29 |
EDRVF Technical Analysis: SMA, RSI, MACD
Upon reviewing the EDRVF chart, buy and sell signals have been generated in the EDP Renováveis technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for EDRVF stock are as follows:- The technical analysis for EDRVF indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for EDP Renováveis indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for EDP Renováveis stock: Click here to read more predictions on Aviva plc stock.
Click here for price target predictions and technical analysis charts of other American stocks