CIA PARANAENSE ENER-SP ADR (ELP)
US20441B6056 - ADR
Taking everything into account, ELP scores 8 out of 10 in our technical rating. In the last year, ELP was one of the better performers, but we do observe some doubts in the very recent evolution.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that ELP is one of the better performing stocks in the market, outperforming 89% of all stocks. On top of that, ELP also shows a nice and consistent pattern of rising prices.
ELP is part of the Electric Utilities industry. There are 44 other stocks in this industry. ELP outperforms 88% of them.
ELP is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so ELP slightly outperforms the market at the moment.
In the last month ELP has a been trading in the 8.24 - 9.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.52
Mansfield1.02
10 Day High9.3
10 Day Low8.41
20 Day High9.3
20 Day Low8.24
52 Week High9.3
52 Week Low5.78
Performance
1 Week-7.17%
2 Weeks-4.37%
1 Month-5.01%
3 Month-0.81%
6 Month27.08%
12 Month44.01%
Although ELP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.63
9.34
When analyzing the support we can see 4 important areas.
- Support @8.29 from a horizontal line in the daily time frame.
- Support @8.13 from a horizontal line in the daily time frame.
- Support @7.30 from a horizontal line in the weekly time frame.
- Support @6.70 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.58 to 8.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.25 to 9.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
CIA PARANAENSE ENER-SP ADR
NYSE:ELP (9/27/2023, 7:22:26 PM)
After market: 8.6 +0.06 (+0.7%)8.54
-0.38 (-4.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-4.26%
1 Week-7.17%
2 Weeks-4.37%
1 Month-5.01%
3 Month-0.81%
6 Month27.08%
12 Month44.01%
Volatility
ATR(14)0.24
ATR(20)%2.66%
ATR Inc84.32%
Range Today0.39
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.52
Mansfield1.02
10 Day High9.3
10 Day Low8.41
20 Day High9.3
20 Day Low8.24
52 Week High9.3
52 Week Low5.78
CS1 End8.29
CR1 Start8.58
Volume & EV
DER(3)3.27%
DER(5)1.48%
Volume905.00K
Volume Incr17.16%
Vol(5)887.22K
Vol(50)618.27K