๐ Companhia Paranaense de Energia ($ELP) Soars: +10.13% Weekly Rise! โก Is This the Power Surge Investors Needed?
๐ก Quick Overview:
Stock: Companhia Paranaense de Energia ($ELP, $9.24)
Weekly Performance: +10.13%
Earnings: Met expectations with an EPS of 11 cents on August 14.
Dividend: $0.50/share. ๐ Remember! Ex-dividend date was October 01, 2021.
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๐ 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 ๐: 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 ๐:
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:
๐ฎ 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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ELP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 48 cases where ELP's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 65 cases where ELP's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ELP advanced for three days, in of 302 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved below the 0 level on November 29, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ELP as a result. In of 99 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for ELP turned negative on December 12, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
ELP moved below its 50-day moving average on November 27, 2024 date and that indicates a change from an upward trend to a 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 November 22, 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 well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 65, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued 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 SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a 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 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.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. ELPโs price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a company which generates, transmits and distributes electric energy
Industry ElectricUtilities