COMPANHIA PARANAENSE DE ENER (ELP) Stock Technical Analysis
NYSE:ELP - New York Stock Exchange, Inc. - US20441B6056 - ADR - Currency: USD
Overall ELP gets a technical rating of 9 out of 10. Both in the recent history as in the last year, ELP 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!
ELP is part of the Electric Utilities industry. There are 46 other stocks in this industry. ELP outperforms 82% of them.
ELP is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ELP is leading the market.
ELP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Looking at the yearly performance, ELP did better than 90% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
ELP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 8.99. Right above this resistance zone may be a good entry point.
More info and screens
7.75
9.10
3 important support areas can be observed.
- A support zone ranging from 8.77 to 8.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.03 to 8.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.83 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 8.99 to 9.01. 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 | UP | POSITIVE | The long term trend for ELP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELP is up. |
| ChartMill Relative Strength | 90.27 | POSITIVE | ELP has a high relative strength, it outperformed 90.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.44 | NEUTRAL | The RSI value for ELP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ELP has a negative trend. |
| Stochastics (14,3) | 67.2 | NEUTRAL | The Stochastics value for ELP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for ELP suggests some volalility. |
| Average Directional Index/ADX (14) | 30.82 | POSITIVE | The high ADX value value for ELP 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.02 | 8.76 | 0.26 (2.88%) | 25.00% |
| An entry @9.02. This is a Buy Stop order right above the resistance zone. | An exit @8.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.26 points, which is 2.88%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.72%. |
- The distance between exit and entry is rather small compared to the average daily movement of ELP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
8.9
+0.06 (+0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.68%
1 Week-1.11%
2 Weeks1.71%
1 Month9.74%
3 Month30.12%
6 Month40.82%
12 Month28.06%
2 Year3.37%
3 Year39.94%
5 Year683.45%
10 Year709.09%
15 Year330.99%
Volatility
ATR(14)0.19
ATR(20)%2.58%
ATR Inc-10.63%
Range Today0.11
ADR(20)0.18
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.27
Mansfield1.97
10 Day High9.09
10 Day Low8.46
20 Day High9.09
20 Day Low8.25
52 Week High9.09
52 Week Low5.72
CS1 End8.89
CR1 Start8.99
Volume & EV
DER(3)-0.86%
DER(5)-3.77%
Volume243.70K
Volume Incr30.88%
Vol(5)314.02K
Vol(50)246.87K