COMPANHIA PARANAENSE DE ENER (ELP) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ELP • US20441B6056
Overall ELP gets a technical rating of 4 out of 10. Although ELP is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month ELP has a been trading in the 9.18 - 11.13 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that ELP is one of the better performing stocks in the market, outperforming 88% 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 46 other stocks in this industry. ELP outperforms 93% of them.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- ELP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ELP is lagging the market.
- Volume is considerably higher in the last couple of days.
ELP has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
8.78
When analyzing the support we notice one important area.
- Support @8.87 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 10.25 to 10.29. 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 10.46 to 10.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.93 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 | NEUTRAL | NEUTRAL | The long term trend for ELP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELP is down. |
| ChartMill Relative Strength | 88.54 | POSITIVE | ELP has a high relative strength, it outperformed 88.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELP is below 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) | 36.17 | NEUTRAL | The RSI value for ELP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ELP has a negative trend. |
| Stochastics (14,3) | 13.22 | OVERSOLD | The low Stochastics value suggests ELP may be oversold. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for ELP suggests some volalility. |
| Average Directional Index/ADX (14) | 23.15 | NEUTRAL | The ADX value for ELP suggests a possible start of a new trend. |
9.27
-0.62 (-6.27%)
COMPANHIA PARANAENSE DE ENER / ELP FAQ
What is the ChartMill technical rating of COMPANHIA PARANAENSE DE ENER (ELP) stock?
ChartMill assigns a technical rating of 4 / 10 to ELP.
What is the current trend direction of COMPANHIA PARANAENSE DE ENER (ELP) stock?
The current trend direction for COMPANHIA PARANAENSE DE ENER (ELP) is Bearish.
Can you provide the RSI signal for COMPANHIA PARANAENSE DE ENER?
COMPANHIA PARANAENSE DE ENER (ELP) has an RSI value of 36.1739. This indicates that the stock is currently neutral.
What is the MACD signal for COMPANHIA PARANAENSE DE ENER (ELP) stock?
The MACD indicator for COMPANHIA PARANAENSE DE ENER (ELP) has a value of -0.115766, indicating a bearish trend.
Can you provide the support and resistance levels for COMPANHIA PARANAENSE DE ENER?
COMPANHIA PARANAENSE DE ENER (ELP) has a support level at 8.87 and a resistance level at 10.25. Check the full technical report for our detailed analysis of ELP support and resistance levels.