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Sep 18, 2023

๐Ÿ“ˆ Companhia Paranaense de Energia ($ELP) Soars: +10.13% Weekly Rise! โšก

๐Ÿ“ˆ Companhia Paranaense de Energia ($ELP) Soars: +10.13% Weekly Rise! โšก Is This the Power Surge Investors Needed?

๐Ÿ’ก Quick Overview:

  • Stock: Companhia Paranaense de Energia ($ELP, $9.24)

  • Weekly Performance: +10.13%

  • Earnings: Met expectations with an EPS of 11 cents on August 14.

  • Dividend: $0.50/share. ๐Ÿ”” Remember! Ex-dividend date was October 01, 2021.

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๐Ÿ” Deep Dive:

ELP's notable ascent this week positions it as a standout in the Electric Utilities Industry. Analytical data from A.I.dvisor reveals that an overwhelming 87.72% of stocks in this sector trended upwards. A clear indication of a bullish momentum within the industry.

Industry Snapshot ๐ŸŒ: Electric utilities are fundamental to our day-to-day operations, from powering our homes to our businesses. With giants like Nextera Energy Inc (NYSE:NEE) and Dominion Energy (NYSE:D) leading the way, this industry holds significant investment opportunities, especially considering the average market capitalization sits at a hefty 16.94B. Despite inherent challenges, such as fluctuating commodity prices and natural disasters, many companies remain resilient, often offering shareholders consistent dividends.

Numbers Game ๐Ÿ“Š:

  • Volume Insight: An impressive weekly volume growth of 214% was observed industry-wide.

  • Price Movements: The industry experienced an average weekly growth of 1%. EUSP led with a 48% growth, whereas EWCLF faced the steepest decline at -33%.

  • Fundamental Analysis:

    • Valuation Rating: 40
    • P/E Growth Rating: 72
    • Price Growth Rating: 59

๐Ÿ”ฎ Outlook & Predictions:

While ELP witnessed a commendable gain of +11.59% over the past five trading days, it's essential for investors to remain vigilant, especially given its drawdown of -2.21% during the same period.

In the ever-evolving world of electric utilities, companies like ELP remain at the forefront, continuously adapting and innovating to meet energy demands. However, like all investments, it's crucial to conduct due diligence and stay updated with industry news.

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Related Ticker: ELP

ELP's RSI Indicator recovers from oversold territory

The RSI Oscillator for ELP moved out of oversold territory on October 21, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 21 similar instances when the indicator left oversold territory. In of the 21 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 13 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ELP advanced for three days, in of 318 cases, the price rose further within the following month. The odds of a continued upward trend are .

ELP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 08, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ELP as a result. In of 97 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

ELP moved below its 50-day moving average on October 03, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for ELP crossed bearishly below the 50-day moving average on October 02, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

The 50-day moving average for ELP moved below the 200-day moving average on October 23, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ELP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for ELP entered a downward trend on October 28, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 64, placing this stock better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.212) is normal, around the industry mean (1.714). P/E Ratio (12.949) is within average values for comparable stocks, (23.466). Projected Growth (PEG Ratio) (2.500) is also within normal values, averaging (2.620). Dividend Yield (0.035) settles around the average of (0.074) among similar stocks. P/S Ratio (1.248) is also within normal values, averaging (3.109).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ELPโ€™s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Nextera Energy Inc (null:NEE), Southern Company (The) (null:SO), PG&E Corp (null:PCG), Dominion Energy (null:D), NRG Energy (null:NRG).

Industry description

Electric utilities companies generate, transmit and distribute electricity to businesses/offices and residences. Companies may be owned by the government or investors or public shareholders, or a combination thereof. The industry also includes firms that buy and sell electricity. Companies in this industry typically require significant investments in infrastructure. Many firms in this industry pay substantial and regular dividends to shareholders. However, changes in interest rates (and their impact on debt burdens), natural disasters and changing commodity prices could be factors affecting energy utilitiesโ€™ profit margins. NextEra Energy, Inc., Duke Energy Corporation, Dominion Energy Inc. and Southern Company are among U.S. electric utilities companies with the largest market capitalizations.

Market Cap

The average market capitalization across the Electric Utilities Industry is 18.33B. The market cap for tickers in the group ranges from 500 to 131.17B. NEE holds the highest valuation in this group at 131.17B. The lowest valued company is SLTZ at 500.

High and low price notable news

The average weekly price growth across all stocks in the Electric Utilities Industry was -2%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 14%. IESFY experienced the highest price growth at 26%, while CPYYF experienced the biggest fall at -17%.

Volume

The average weekly volume growth across all stocks in the Electric Utilities Industry was 6%. For the same stocks of the Industry, the average monthly volume growth was -9% and the average quarterly volume growth was -32%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 42
P/E Growth Rating: 60
Price Growth Rating: 49
SMR Rating: 72
Profit Risk Rating: 64
Seasonality Score: 33 (-100 ... +100)
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A.I.Advisor
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A.I. Advisor
published General Information

General Information

a company which generates, transmits and distributes electric energy

Industry ElectricUtilities

Profile
Fundamentals
Details
Industry
Electric Utilities
Address
Rua Jose Izidoro Biazetto, 158
Phone
+55 4133314011
Employees
5959
Web
https://www.copel.com
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