Companhia Paranaense Technical Analysis (NYSE:ELP)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The ELP stock chart pattern can give those who understand technical analysis an indication of which way ELP stock is headed, but cannot predict with 100% certainty as to what can happen to the Companhia Paranaense stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Companhia Paranaense. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Companhia Paranaense stock analysis.
Companhia Paranaense Moving Average
Moving averages show the ELP stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $5.46 is above the last closing price of $5.33 and the 50 day moving average of $5.6 is above the last closing price of $5.33. The 10 and 20 day periods can predict short term moving average trends.
Companhia Paranaense Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the ELP stock. Companhia Paranaense bollinger bands show that the stock price is $5.33, upper band is 5.93, lower band is 4.99, and the average is 5.46.
Companhia Paranaense Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Companhia Paranaense MACD line is below the signal line.
Companhia Paranaense Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 41.88 is the RSI value of ELP stock.