We assign a technical rating of 2 out of 10 to EDP. Recently some decent action could be observed, but in the medium term time frame this is still negative. EDP was also a bad performer in the overall market in the last year.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, EDP is a bad performer in the overall market: 89% of all stocks are doing better.
EDP is one of the lesser performing stocks in the Electric Utilities industry. 86% of 16 stocks in the same industry do better.
EDP is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
EDP has an average volume of 11131900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month EDP has a been trading in the 2.88 - 3.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.