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(EDN) Empresa Distribuidora complete technical analysis [charts+indicators] | Buy/Sell Empresa Distribuidora | (EDN) share price targets

Complete technical analysis of Empresa Distribuidora (EDN) by charts plus indicators, forecast predictions and share price targets for Empresa Distribuidora (EDN)

Empresa Distribuidora trades in USA in Public Utilities sector.

Showing technical analysis as on 2024-08-21 View latest technical analysis

10 day averaged volume of Empresa Distribuidora is 71312

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	18.19	19.00	19.00	18.12	0.409 times
20 Tue Aug 2024	18.90	18.27	18.94	17.80	1.416 times
19 Mon Aug 2024	18.26	17.44	18.30	17.26	1.415 times
16 Fri Aug 2024	17.29	17.64	18.07	17.13	0.766 times
15 Thu Aug 2024	17.67	17.44	18.19	17.22	1.259 times
14 Wed Aug 2024	17.20	17.14	17.50	16.88	0.711 times
13 Tue Aug 2024	17.14	17.38	17.38	16.89	0.438 times
12 Mon Aug 2024	17.04	16.72	17.23	16.64	0.36 times
09 Fri Aug 2024	17.00	15.99	17.05	15.99	0.596 times
08 Thu Aug 2024	15.91	15.18	16.24	15.12	1.673 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 17.7, but if it comes below 17.7, then a intra day sell could be more profitable.
If you take a sell trade below 17.7, then use 17.7 as stoploss and 16.61 as target. However if you take a buy trade in stock , then use 17.7 as stoploss and 19.1 as target.

Share price targets for Empresa Distribuidora (EDN)

Target Type	Value
Downside Target	13.78
Downside Target	14.59
Downside Target	15.43
Downside Target	16.64
Downside Target	17.26
Downside Target	17.76
Downside Target	18.19
Upside Target	18.38
Upside Target	19.00
Upside Target	20.22
Upside Target	21.02

Intraday share price targets for Empresa Distribuidora (EDN)

Target Type	Value
Downside Intraday Target	17.3
Downside Intraday Target	16.41
Upside Intraday Target	19.04
Upside Intraday Target	19.89
Downside Intraday Target	18.15

Weekly technical analysis of Empresa Distribuidora (EDN)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	18.19	17.44	19.00	17.26	0.917 times
16 Fri Aug 2024	17.29	16.72	18.19	16.64	0.555 times
09 Fri Aug 2024	17.00	15.10	17.05	13.78	2.227 times
02 Fri Aug 2024	15.43	16.68	16.95	15.43	1.555 times
26 Fri Jul 2024	16.50	16.48	17.18	15.80	0.665 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Empresa Distribuidora (EDN)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	18.19	16.40	19.00	13.78	1.098 times
31 Wed Jul 2024	16.52	16.24	17.76	14.59	0.748 times
28 Fri Jun 2024	16.39	18.38	18.38	15.48	0.471 times
31 Fri May 2024	18.16	17.00	21.02	15.65	1.326 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Empresa Distribuidora (EDN)

Price action analysis of Empresa Distribuidora ( (EDN) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Empresa Distribuidora ( (EDN) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Empresa Distribuidora ( (EDN) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Empresa Distribuidora stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Empresa Distribuidora in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Empresa Distribuidora Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Empresa Distribuidora in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Empresa Distribuidora is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 17.49 and Empresa Distribuidora (EDN) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Empresa Distribuidora (EDN) stock. Volume based technical analysis of Empresa Distribuidora (EDN) stock is negative.

Empresa Distribuidora Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.