COMPANHIA PARANAENSE DE ENER (ELP) Stock Technical Analysis
USA - NYSE:ELP - US20441B6056 - ADR
9.7 USD
-0.03 (-0.31%)
9.7 USD
0 (0%)
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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that ELP is one of the better performing stocks in the market, outperforming 76% of all stocks.
ELP is one of the better performing stocks in the Electric Utilities industry, it outperforms 80% of 48 stocks in the same industry.
A new 52 week high is currently being made by ELP, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month ELP has a been trading in the 8.70 - 9.79 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Although ELP has an excellent technical rating, it does not present a decent entry opportunity 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
8.25
9.80
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.89 to 9.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.53 from a trend line in the daily time frame.
- A support zone ranging from 8.33 to 8.39. 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 | 76.87 | POSITIVE | ELP has a high relative strength, it outperformed 76.87% 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) | 68.74 | NEUTRAL | The RSI value for ELP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ELP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.94 | OVERBOUGHT | The high Stochastics value suggests ELP may be overbought. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for ELP suggests low volalility. |
| Average Directional Index/ADX (14) | 18.32 | 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)
9.7
-0.03 (-0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.31%
1 Week4.19%
2 Weeks8.26%
1 Month10.48%
3 Month6.13%
6 Month32.88%
12 Month33.06%
2 Year10.6%
3 Year63.58%
5 Year780.22%
10 Year1081.49%
15 Year335.96%
Volatility
ATR(14)0.17
ATR(20)%1.82%
ATR Inc-24.06%
Range Today0.12
ADR(20)0.15
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.87
Mansfield1.45
10 Day High9.79
10 Day Low8.9
20 Day High9.79
20 Day Low8.7
52 Week High9.79
52 Week Low5.72
CS1 End9.17
CR1 StartN/A
Volume & EV
DER(3)1.62%
DER(5)0.69%
Volume117.60K
Volume Incr-31.62%
Vol(5)142.70K
Vol(50)243.50K