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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.

10 day averaged volume of Empresa Distribuidora is 84600

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	16.48	16.49	16.90	16.22	0.84 times
23 Tue Apr 2024	16.63	17.53	17.86	16.52	0.662 times
22 Mon Apr 2024	17.40	16.43	17.51	16.00	0.89 times
19 Fri Apr 2024	16.14	16.31	16.62	15.95	0.827 times
18 Thu Apr 2024	16.09	16.02	16.56	15.65	1.222 times
17 Wed Apr 2024	16.18	17.06	17.09	15.87	0.563 times
16 Tue Apr 2024	16.68	16.26	16.99	15.81	0.974 times
15 Mon Apr 2024	16.30	17.88	17.99	16.20	0.839 times
12 Fri Apr 2024	17.51	18.50	18.58	17.19	0.714 times
11 Thu Apr 2024	18.43	18.30	18.70	18.01	1.277 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 16.6, but if it comes above 16.6, then a intra day buy could be more profitable.
If you take a sell trade below 16.6, then use 16.6 as stoploss and 15.3 as target. However if you take a buy trade in stock , then use 16.6 as stoploss and 17.64 as target.

Share price targets for Empresa Distribuidora (EDN)

Target Type	Value
Downside Target	14.20
Downside Target	15.65
Downside Target	16.44
Upside Target	16.92
Upside Target	17.57
Upside Target	18.96
Upside Target	19.83
Upside Target	20.16
Upside Target	20.22
Upside Target	21.51
Upside Target	21.80

Intraday share price targets for Empresa Distribuidora (EDN)

Target Type	Value
Downside Intraday Target	15.7
Downside Intraday Target	14.92
Upside Intraday Target	17.56
Upside Intraday Target	18.64
Upside Intraday Target	16.78

Weekly technical analysis of Empresa Distribuidora (EDN)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	16.48	16.43	17.86	16.00	0.541 times
19 Fri Apr 2024	16.14	17.88	17.99	15.65	0.669 times
12 Fri Apr 2024	17.51	19.69	20.22	17.19	0.98 times
05 Fri Apr 2024	19.30	17.64	19.83	17.60	3.134 times
28 Thu Mar 2024	17.69	18.54	18.96	17.57	0.237 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
24 Wed Apr 2024	16.48	17.64	20.22	15.65	0.884 times
28 Thu Mar 2024	17.69	16.93	18.96	14.20	1.829 times
29 Thu Feb 2024	16.64	19.75	20.16	16.44	0.729 times
31 Wed Jan 2024	19.66	19.41	21.51	16.92	0.718 times

Scroll below to view daily charts

Price has moved down 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Empresa Distribuidora ( (EDN) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Empresa Distribuidora ( (EDN) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Empresa Distribuidora stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Empresa Distribuidora in short term and the sell signal is strong.

Empresa Distribuidora Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a SELL signal for Empresa Distribuidora in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 16.85 and Empresa Distribuidora (EDN) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.