The market has been high on Companhia Paranaense de Energia ADR (ELP) stock recently. ELP gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Companhia Paranaense de Energia ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ELP!
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 (ELP) stock is up 0.53% while the S&P 500 is down -0.15% as of 12:52 PM on Thursday, Dec 1. ELP has gained $0.04 from the previous closing price of $7.56 on volume of 150,466 shares. Over the past year the S&P 500 is down -10.80% while ELP has gained 43.94%. ELP earned $0.06 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 122.94.
To see InvestorsObserver's Sentiment Score for Companhia Paranaense de Energia ADR click here.
More About Companhia Paranaense de Energia ADR
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 Report for Companhia Paranaense de Energia ADR stock.
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