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 0 out of 10 to EBR. EBR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, EBR is a bad performer in the overall market: 74% of all stocks are doing better.
EBR is part of the Electric Utilities industry. There are 47 other stocks in this industry, of which 69% are performing better than EBR.
EBR is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
EBR has an average volume of 1294670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
EBR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EBR is lagging the market.
Although the technical rating is bad, EBR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.96, a Stop Loss order could be placed below this zone.
More info and screens
6.73
7.84
We found 2 important support areas.
- A support zone ranging from 6.94 to 6.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.80 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 7.02 to 7.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.19 to 7.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.48 from a trend line in the weekly time frame.
- A resistance zone ranging from 7.66 to 7.76. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for EBR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EBR is down. |
| ChartMill Relative Strength | 26 | NEGATIVE | EBR has a low relative strength, it was outperformed by 74% 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) | DOWN | NEGATIVE | The current price of EBR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EBR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.27 | NEUTRAL | The RSI value for EBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests EBR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.42 | OVERSOLD | The low Stochastics value suggests EBR may be oversold. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for EBR suggests some volalility. |
| Average Directional Index/ADX (14) | 17.88 | 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)
7.01
-0.04 (-0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.57%
1 Week-0.71%
2 Weeks-2.09%
1 Month-2.23%
3 Month-8.01%
6 Month18.41%
12 Month2.94%
2 Year-13.67%
3 Year-21.76%
5 Year-4.76%
10 Year287.29%
15 Year-53.27%
Volatility
ATR(14)0.14
ATR(20)%2.04%
ATR Inc-29.72%
Range Today0.08
ADR(20)0.13
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26
Mansfield-0.62
10 Day High7.13
10 Day Low6.92
20 Day High7.64
20 Day Low6.92
52 Week High7.83
52 Week Low5.45
CS1 End6.96
CR1 Start7.02
Volume & EV
DER(3)-1.14%
DER(5)1.96%
Volume1.67M
Volume Incr-4.22%
Vol(5)1.32M
Vol(50)1.29M