Londinia Opportunities Analyses - 05/06/2024 (GMT) COMPANHIA PARANAENSE DE ENERGIA COPEL A - 1H
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 6.87 USD
My targets
7.09 USD (+1.87%)
7.21 USD (+3.59%)
My analysis
The bullish trend is currently very strong on COMPANHIA PARANAENSE DE ENERGIA COPEL A. As long as the price remains above the support at 6.87 USD, you could try to benefit from the boom. The first bullish objective is located at 7.09 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.21 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
Additional analysis
Quotes
COMPANHIA PARANAENSE DE ENERGIA COPEL A rating 6.96 USD. On the day, this instrument gained +1.75% with the lowest point at 6.89 USD and the highest point at 6.99 USD. The deviation from the price is +1.02% for the low point and -0.43% for the high point.6.89
6.99
6.96
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of COMPANHIA PARANAENSE DE ENERGIA COPEL A indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.58 | 6.76 | 6.87 | 6.96 | 6.99 | 7.09 | 7.21 |
| Change (%) | -5.46% | -2.87% | -1.29% | - | +0.43% | +1.87% | +3.59% |
| Change | -0.38 | -0.20 | -0.09 | - | +0.03 | +0.13 | +0.25 |
| Level | Major | Minor | Minor | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.69 | 6.73 | 6.78 | 6.82 | 6.87 | 6.91 | 6.96 |
| Camarilla | 6.82 | 6.82 | 6.83 | 6.84 | 6.85 | 6.86 | 6.87 |
| Woodie | 6.71 | 6.73 | 6.80 | 6.82 | 6.89 | 6.91 | 6.98 |
| Fibonacci | 6.73 | 6.76 | 6.78 | 6.82 | 6.85 | 6.87 | 6.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.44 | 5.73 | 6.28 | 6.57 | 7.12 | 7.41 | 7.96 |
| Camarilla | 6.61 | 6.69 | 6.76 | 6.84 | 6.92 | 6.99 | 7.07 |
| Woodie | 5.58 | 5.80 | 6.42 | 6.64 | 7.26 | 7.48 | 8.10 |
| Fibonacci | 5.73 | 6.05 | 6.25 | 6.57 | 6.89 | 7.09 | 7.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.85 | 5.41 | 5.83 | 6.39 | 6.81 | 7.37 | 7.79 |
| Camarilla | 5.99 | 6.08 | 6.17 | 6.26 | 6.35 | 6.44 | 6.53 |
| Woodie | 4.79 | 5.38 | 5.77 | 6.36 | 6.75 | 7.34 | 7.73 |
| Fibonacci | 5.41 | 5.78 | 6.01 | 6.39 | 6.76 | 6.99 | 7.37 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 78.86 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 36.71 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 6.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.56 | |
| Elder Ray (13): | 0.21 | |
| Super Trend (3,10): | 6.68 | |
| Zig ZAG (10): | 6.96 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 95.24 | |
| TEMA (21): | 6.87 | |
| Williams %R (14): | -6.12 | |
| Chande Momentum Oscillator (20): | 0.43 | |
| Repulse (5,40,3): | 0.5700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2900 | |
| Courbe Coppock: | 15.74 |
| MA7: | 6.50 | |
| MA20: | 6.41 | |
| MA50: | 6.80 | |
| MA100: | 0.00 | |
| MAexp7: | 6.78 | |
| MAexp20: | 6.70 | |
| MAexp50: | 6.46 | |
| MAexp100: | 6.50 | |
| Price / MA7: | +7.08% | |
| Price / MA20: | +8.58% | |
| Price / MA50: | +2.35% | |
| Price / MA100: | - | |
| Price / MAexp7: | +2.65% | |
| Price / MAexp20: | +3.88% | |
| Price / MAexp50: | +7.74% | |
| Price / MAexp100: | +7.08% |
Quotes :
-
15 min delayed data
-
Actions NYSE