COMPANHIA PARANAENSE DE ENER (ELP) Stock Technical Analysis
NYSE:ELP - New York Stock Exchange, Inc. - US20441B6056 - ADR - Currency: USD
We assign a technical rating of 4 out of 10 to ELP. ELP has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ELP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ELP is lagging the market slightly.
In the last month ELP has a been trading in the 8.22 - 8.91 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, ELP turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
ELP is an average performer in the Electric Utilities industry, it outperforms 54% of 47 stocks in the same industry.
Although the technical rating is only medium, ELP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 8.55, a Stop Loss order could be placed below this zone.
More info and screens
8.25
9.34
We found 1 important support area.
- A support zone ranging from 8.33 to 8.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.04 to 9.25. 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 | NEUTRAL | NEUTRAL | The short term trend for ELP is neutral. |
| ChartMill Relative Strength | 57.79 | NEUTRAL | ELP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ELP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELP is below a declining 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) | 49.38 | NEUTRAL | The RSI value for ELP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ELP has a positive trend. |
| Stochastics (14,3) | 76.9 | NEUTRAL | The Stochastics value for ELP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for ELP suggests some volalility. |
| Average Directional Index/ADX (14) | 11.93 | NEGATIVE | The low ADX value for ELP 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)
8.61
-0.04 (-0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.46%
1 Week2.38%
2 Weeks1.65%
1 Month-3.48%
3 Month-0.35%
6 Month28.7%
12 Month15.26%
2 Year0.7%
3 Year31.25%
5 Year661.27%
10 Year927.45%
15 Year287.14%
Volatility
ATR(14)0.2
ATR(20)%2.19%
ATR Inc-13.67%
Range Today0.15
ADR(20)0.17
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.79
Mansfield0.77
10 Day High8.78
10 Day Low8.23
20 Day High8.91
20 Day Low8.23
52 Week High9.28
52 Week Low5.72
CS1 End8.55
CR1 Start9.04
Volume & EV
DER(3)-2.75%
DER(5)-2.87%
Volume124.00K
Volume Incr3.76%
Vol(5)295.46K
Vol(50)286.93K