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How Will the Market React to Companhia Paranaense de Energia ADR Class B (ELP) Stock Getting a Bearish Rating

Monday, January 11, 2021 02:16 PM | InvestorsObserver Analysts

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How Will the Market React to Companhia Paranaense de Energia ADR Class B (ELP) Stock Getting a Bearish Rating

The market has been down on Companhia Paranaense de Energia ADR Class B (ELP) stock recently. ELP gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bearish
Companhia Paranaense de Energia ADR Class B has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ELP!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With ELP Stock Today?

Companhia Paranaense de Energia ADR Class B (ELP) stock is trading at $12.71 as of 2:06 PM on Monday, Jan 11, a loss of -$0.88, or -6.48% from the previous closing price of $13.59. The stock has traded between $12.67 and $13.30 so far today. Volume today is 469,269 compared to average volume of 556,721.

To screen for more stocks like Companhia Paranaense de Energia ADR Class B click here.

More About Companhia Paranaense de Energia ADR Class B

Cia Paranaense De Energia Copel is primarily involved in the production of power in the Brazilian state of Parana. Specifically, the company's operating segments include power generation and transmission, gas, power distribution, power sale, and telecommunications. Most of the company's revenue is derived from the sale of electricity. It generates electricity through renewable energy sources such as hydroelectric, wind plants, and thermoelectric plants. The company was designed to allow Parana to manage the distribution of power and related services, so the state is a major shareholder.

Click Here to get the full Stock Score Report on Companhia Paranaense de Energia ADR Class B (ELP) Stock.

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