EDF: the downtrend may resume (AT)


Synthesis

The MACD is negative and below its signal line. This configuration degrades the outlook on the title. The RSI is not yet indicating oversold so further decline is technically possible. Stochastic indicators are not giving clear signals for the days to come. The volumes traded are lower than the average volumes over the last 10 days.

Movements and levels

The title is trending downward. It is below its 50-day moving average located at 12.05. The 20-day moving average is lower than the 50-day moving average. Our first support is at 8.94 EUR, then at 7.77 EUR and resistance is at 12.46 EUR, then at 13.63 EUR

Technical analysis
Tendency Calculated data
Technical advice Negative Price as of 12/30 10.34
Underlying trend Negative MM20 11.28
Support 1 8.94 MM50 12.05
Support 2 7.77 RSI 31.88
Resistance 1 12.46 MACD – 0.61
Resistance 2 13.63 Stochastic 21.71

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Technical Analysis provided by TEC © 2021. All rights of reproduction and representation reserved. TEC is an analysis of the technical situation of an asset at a given moment and which is liable to change at any time. The concepts of support and resistance come from the elementary principles of technical analysis. This indicative information does not in any way constitute an invitation to sell or buy. The reader remains solely responsible for their interpretation and for the use of the information made available to him.



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