Overall market sentiment has been high on Companhia Paranaense de Energia ADR (ELP) stock lately. ELP receives a Bullish rating 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!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With ELP Stock Today?
Companhia Paranaense de Energia ADR (ELP) stock is higher by 0.73% while the S&P 500 is lower by -0.64% as of 2:33 PM on Tuesday, Aug 9. ELP has gained $0.05 from the previous closing price of $6.81 on volume of 388,958 shares. Over the past year the S&P 500 has fallen -7.19% while ELP has gained 11.00%. ELP earned $0.34 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 20.1.
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.
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