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Sep 18, 2023

📈 Companhia Paranaense de Energia ($ELP) Soars: +10.13% Weekly Rise! ⚡

📈 Companhia Paranaense de Energia ($ELP) Soars: +10.13% Weekly Rise! ⚡ Is This the Power Surge Investors Needed?

💡 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. 🔔 Remember! Ex-dividend date was October 01, 2021.

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🔍 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 🌐: 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 📊:

  • 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

🔮 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.

 

 

 

Related Ticker: ELP

Momentum Indicator for ELP turns positive, indicating new upward trend

ELP saw its Momentum Indicator move above the 0 level on September 14, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 90 similar instances where the indicator turned positive. In of the 90 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for ELP just turned positive on September 14, 2023. Looking at past instances where ELP's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

ELP moved above its 50-day moving average on September 11, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ELP advanced for three days, in of 315 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 Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 September 12, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

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 72, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 steady price growth. ELP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

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 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued 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: ELP's P/B Ratio (6.143) is very high in comparison to the industry average of (1.609). ELP has a moderately high P/E Ratio (65.359) as compared to the industry average of (21.637). Projected Growth (PEG Ratio) (2.500) is also within normal values, averaging (2.553). Dividend Yield (0.039) settles around the average of (0.051) among similar stocks. P/S Ratio (5.580) is also within normal values, averaging (3.216).

Notable companies

The most notable companies in this group are Nextera Energy Inc (NYSE:NEE), Southern Company (The) (NYSE:SO), PG&E Corp (NYSE:PCG), Dominion Energy (NYSE:D), NRG Energy (NYSE: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 utilities’ 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 16.92B. The market cap for tickers in the group ranges from 500 to 136.3B. NEE holds the highest valuation in this group at 136.3B. 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 -1%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 1%. NSARP experienced the highest price growth at 5%, while EUSP experienced the biggest fall at -32%.

Volume

The average weekly volume growth across all stocks in the Electric Utilities Industry was -17%. For the same stocks of the Industry, the average monthly volume growth was -12% and the average quarterly volume growth was 5%

Fundamental Analysis Ratings

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

Valuation Rating: 40
P/E Growth Rating: 72
Price Growth Rating: 50
SMR Rating: 79
Profit Risk Rating: 71
Seasonality Score: -16 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
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
6538
Web
https://www.copel.com
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ELP and

Correlation & Price change

A.I.dvisor indicates that over the last year, ELP has been closely correlated with CIG. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if ELP jumps, then CIG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ELP
1D Price
Change %
ELP100%
-2.61%
CIG - ELP
75%
Closely correlated
-3.75%
EBR - ELP
74%
Closely correlated
-4.59%
PAM - ELP
36%
Loosely correlated
-0.42%
PPL - ELP
28%
Poorly correlated
-1.64%
AEPPZ - ELP
28%
Poorly correlated
N/A
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