CENTRAIS ELETRICAS BR-SP ADR (EBR) Stock Technical Analysis
NYSE:EBR - New York Stock Exchange, Inc. - US15234Q2075 - ADR - Currency: USD
We assign a technical rating of 5 out of 10 to EBR. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month EBR has a been trading in the 7.13 - 7.81 range, which is quite wide. It is currently trading near the lows of this range.
EBR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EBR is performing more or less in line with the market.
EBR has an average volume of 1288490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, we notice that EBR is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this relatively good performance is mostly due to a recent big move.
EBR is an average performer in the Electric Utilities industry, it outperforms 57% of 46 stocks in the same industry.
Although the technical rating is only medium, EBR does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 7.35, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.12
7.84
We found 1 important support area.
- A support zone ranging from 7.19 to 7.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.45 to 7.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for EBR is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EBR is down. |
| ChartMill Relative Strength | 80.35 | POSITIVE | EBR has a high relative strength, it outperformed 80.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EBR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EBR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EBR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.18 | NEUTRAL | The RSI value for EBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests EBR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.67 | NEUTRAL | The Stochastics value for EBR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for EBR suggests some volalility. |
| Average Directional Index/ADX (14) | 17.31 | NEGATIVE | The low ADX value for EBR suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
7.4
+0.05 (+0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.68%
1 Week0.68%
2 Weeks-3.65%
1 Month-2.89%
3 Month12.29%
6 Month21.71%
12 Month5.11%
2 Year6.02%
3 Year-15.81%
5 Year38.06%
10 Year293.62%
15 Year-65.23%
Volatility
ATR(14)0.21
ATR(20)%2.57%
ATR Inc39.27%
Range Today0.27
ADR(20)0.16
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.35
Mansfield0.78
10 Day High7.78
10 Day Low7.13
20 Day High7.81
20 Day Low7.13
52 Week High7.83
52 Week Low5.45
CS1 End7.35
CR1 Start7.45
Volume & EV
DER(3)-2.73%
DER(5)-1.17%
Volume1.15M
Volume Incr17.92%
Vol(5)1.35M
Vol(50)1.29M