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ELP
Stock ticker: NYSE
AS OF
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Capitalization
5.14B

ELP Companhia Paranaense de Energia Forecast, Technical & Fundamental Analysis

a company which generates, transmits and distributes electric energy

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ELP with price predictions
08:00 PM EDT Sep 28, 2023

ELP in upward trend: price expected to rise as it breaks its lower Bollinger Band on September 06, 2023

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 39 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

ELP moved above its 50-day moving average on September 29, 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 318 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 27, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ELP as a result. In of 93 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 September 27, 2023. 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 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .

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 76, 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 (5.841) is very high in comparison to the industry average of (1.559). ELP has a moderately high P/E Ratio (62.112) as compared to the industry average of (21.131). Projected Growth (PEG Ratio) (2.500) is also within normal values, averaging (2.476). Dividend Yield (0.042) settles around the average of (0.052) among similar stocks. P/S Ratio (5.308) is also within normal values, averaging (3.163).

A.I.Advisor
published Highlights

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 16.28B. The market cap for tickers in the group ranges from 500 to 115.51B. NEE holds the highest valuation in this group at 115.51B. 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 -3%. For the same Industry, the average monthly price growth was -5%, and the average quarterly price growth was -5%. HAWEL experienced the highest price growth at 22%, while ELIAF experienced the biggest fall at -20%.

Volume

The average weekly volume growth across all stocks in the Electric Utilities Industry was 44%. For the same stocks of the Industry, the average monthly volume growth was 51% and the average quarterly volume growth was 22%

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: 73
Price Growth Rating: 63
SMR Rating: 79
Profit Risk Rating: 75
Seasonality Score: -15 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

ELP is expected to report earnings to rise 27.31% to 15 cents per share on November 08

Companhia Paranaense de Energia ELP Stock Earnings Reports
Q3'23
Est.
$0.15
Q2'23
Est.
$0.11
Q1'23
Est.
$0.19
Q4'22
Missed
by $0.13
Q3'22
Beat
by $0.10
The last earnings report on August 14 showed earnings per share of 11 cents, beating the estimate of 11 cents. With 2.23M shares outstanding, the current market capitalization sits at 5.14B.
A.I.Advisor
published Dividends

ELP paid dividends on December 10, 2021

Companhia Paranaense de Energia ELP Stock Dividends
А dividend of $0.50 per share was paid with a record date of December 10, 2021, and an ex-dividend date of October 01, 2021. Read more...
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%
+1.04%
CIG - ELP
75%
Closely correlated
-0.05%
EBR - ELP
74%
Closely correlated
+2.24%
PAM - ELP
32%
Poorly correlated
-3.64%
PPL - ELP
28%
Poorly correlated
+0.77%
SRE - ELP
25%
Poorly correlated
+0.38%
More

Groups containing ELP

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ELP
1D Price
Change %
ELP100%
+1.04%
ELP
(undefined stocks)
91%
Closely correlated
+1.07%
bric
(undefined stocks)
53%
Loosely correlated
+0.20%
electricity transmission
(undefined stocks)
32%
Poorly correlated
+0.18%
renewable
(undefined stocks)
31%
Poorly correlated
-0.28%
latin america
(undefined stocks)
28%
Poorly correlated
-0.21%
More