CENTRAIS ELETRICAS BR-SP ADR (EBR) Stock Technical Analysis
USA - NYSE:EBR - US15234Q2075 - ADR
9.55 USD
+0.34 (+3.69%)
9.72 USD
+0.17 (+1.78%)
Taking everything into account, EBR scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, EBR has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that EBR is one of the better performing stocks in the market, outperforming 85% of all stocks.
EBR is part of the Electric Utilities industry. There are 48 other stocks in this industry. EBR outperforms 91% of them.
EBR is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month EBR has a been trading in the 7.74 - 9.55 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
EBR has an average volume of 1635490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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.
More info and screens
6.73
9.65
We found 4 important support areas.
- Support @8.72 from a trend line in the daily time frame.
- A support zone ranging from 8.09 to 8.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.07 to 7.09. 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.
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 | 85.16 | POSITIVE | EBR has a high relative strength, it outperformed 85.16% 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) | 81.82 | OVERBOUGHT | The high RSI value suggests EBR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests EBR has a positive trend. |
| Stochastics (14,3) | 93.36 | OVERBOUGHT | The high Stochastics value suggests EBR may be overbought. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for EBR suggests some volalility. |
| Average Directional Index/ADX (14) | 36.45 | POSITIVE | The high ADX value value for EBR suggests a strong 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)
9.55
+0.34 (+3.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg3.69%
1 Week10.15%
2 Weeks12.88%
1 Month23.39%
3 Month32.27%
6 Month30.46%
12 Month31.54%
2 Year30.64%
3 Year18.93%
5 Year73.01%
10 Year375.12%
15 Year-23.48%
Volatility
ATR(14)0.2
ATR(20)%2.07%
ATR Inc42.94%
Range Today0.23
ADR(20)0.16
ADR(20)%1.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.16
Mansfield2.31
10 Day High9.55
10 Day Low8.28
20 Day High9.55
20 Day Low7.74
52 Week High9.55
52 Week Low5.45
CS1 End8.72
CR1 StartN/A
Volume & EV
DER(3)-1.4%
DER(5)-0.83%
Volume2.63M
Volume Incr51.09%
Vol(5)2.54M
Vol(50)1.64M