COMPANHIA PARANAENSE DE ENER (ELP) Technical Analysis
NYSE:ELP • US20441B6056
Current stock price
ELP Technical Rating and Analysis
Taking everything into account, ELP scores 4 out of 10 in our technical rating. 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.
- Looking at the yearly performance, ELP did better than 88% of all other stocks. We also observe that the gains produced by ELP over the past year are nicely spread over this period.
- ELP is one of the better performing stocks in the Electric Utilities industry, it outperforms 95% of 47 stocks in the same industry.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- 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 Weekly and Daily overview Charts
ELP Setup Rating and Analysis
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
ELP Support and Resistance Analysis
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.
ELP Technical Indicator Signal Analysis
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. |
ELP Chart- and CandleStick Pattern Analysis
ELP Technicals: Chart, Performance Metrics, Trend & Indicators
9.27
-0.62 (-6.27%)
COMPANHIA PARANAENSE DE ENER / ELP TA 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.
What is the RSI signal for COMPANHIA PARANAENSE DE ENER (ELP) stock?
COMPANHIA PARANAENSE DE ENER (ELP) has an RSI value of 36.1739. This indicates that the stock is currently neutral.
What is the short term momentum for COMPANHIA PARANAENSE DE ENER (ELP) stock?
The short term momentum for COMPANHIA PARANAENSE DE ENER (ELP) is negative.
What are the support and resistance levels for COMPANHIA PARANAENSE DE ENER (ELP) stock?
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.