USA - New York Stock Exchange - NYSE:EBR - US15234Q2075 - ADR
Taking everything into account, EBR scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EBR is showing a nice and steady performance.
Although EBR has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
6.73
When analyzing the support we can see 5 important areas.
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 | UP | POSITIVE | The short term trend for EBR is up. |
| ChartMill Relative Strength | 93.76 | POSITIVE | EBR has a high relative strength, it outperformed 93.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EBR is above the rising 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) | 77.64 | OVERBOUGHT | The high RSI value suggests EBR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests EBR has a positive trend. |
| Stochastics (14,3) | 82.13 | OVERBOUGHT | The high Stochastics value suggests EBR may be overbought. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for EBR suggests some volalility. |
| Average Directional Index/ADX (14) | 38.2 | POSITIVE | The high ADX value value for EBR suggests a strong trend. |
11.03
+0.11 (+1.01%)
ChartMill assigns a technical rating of 10 / 10 to EBR.
The current trend direction for CENTRAIS ELETRICAS BR-SP ADR (EBR) is Bullish.
CENTRAIS ELETRICAS BR-SP ADR (EBR) has an RSI value of 77.6393. This indicates that the stock is currently overbought.
The MACD indicator for CENTRAIS ELETRICAS BR-SP ADR (EBR) has a value of 0.0504375, indicating a bearish trend.
The short term momentum for CENTRAIS ELETRICAS BR-SP ADR (EBR) is positive.