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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 2024-09-03 View latest technical analysis

10 day averaged volume of Empresa Distribuidora is 66040

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	18.84	19.09	19.50	18.84	0.765 times
30 Fri Aug 2024	19.30	18.59	19.77	18.59	2.225 times
30 Fri Aug 2024	19.30	18.59	19.77	18.59	2.224 times
29 Thu Aug 2024	18.59	18.00	18.80	17.92	1.137 times
28 Wed Aug 2024	18.08	17.81	18.18	17.76	0.433 times
27 Tue Aug 2024	17.73	17.63	17.90	17.36	0.493 times
26 Mon Aug 2024	17.80	17.99	18.06	17.59	0.656 times
23 Fri Aug 2024	18.08	18.06	18.33	17.64	0.217 times
22 Thu Aug 2024	17.69	18.50	18.50	17.50	0.644 times
21 Wed Aug 2024	18.19	19.00	19.00	18.12	0.442 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 18.8, but if it comes below 18.8, then a intra day sell could be more profitable.
If you take a sell trade below 18.8, then use 18.8 as stoploss and 17.74 as target. However if you take a buy trade in stock , then use 18.8 as stoploss and 20.1 as target.

Share price targets for Empresa Distribuidora (EDN)

Target Type	Value
Downside Target	13.78
Downside Target	14.59
Downside Target	15.48
Downside Target	16.64
Downside Target	17.26
Downside Target	17.76
Downside Target	18.19
Upside Target	19.50
Upside Target	19.77
Upside Target	21.02

Intraday share price targets for Empresa Distribuidora (EDN)

Target Type	Value
Downside Intraday Target	18.62
Downside Intraday Target	18.4
Upside Intraday Target	19.28
Upside Intraday Target	19.72
Upside Intraday Target	19.06

Weekly technical analysis of Empresa Distribuidora (EDN)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	18.84	19.09	19.50	18.84	0.344 times
30 Fri Aug 2024	19.30	18.59	19.77	18.59	0.45 times
30 Fri Aug 2024	19.30	17.99	19.77	17.36	1.134 times
23 Fri Aug 2024	18.08	17.44	19.00	17.26	1.142 times
16 Fri Aug 2024	17.29	16.72	18.19	16.64	0.555 times

Price has moved down 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
03 Tue Sep 2024	18.84	19.09	19.50	18.84	0.033 times
30 Fri Aug 2024	19.30	16.40	19.77	13.78	1.683 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

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 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 losing 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 18.73 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 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.