ELP Stock Summary and Trading Ideas (Companhia Paranaense de Energia (COPEL) American Depositary Shares (each representing one Unit consisting one Common Share and four non-voting Class B Preferred Shares) | NYSE:ELP)

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.

Companhia Paranaense de Energia (COPEL) American Depositary Shares (each representing one Unit consisting one Common Share and four non-voting Class B Preferred Shares) trades on the NYSE stock market under the symbol ELP.

As of April 19, 2024, ELP stock price climbed to $7.31 with 541,647 million shares trading.

ELP has a market cap of $20.00 billion. This is considered a Large Cap stock.

In the last 3 years, ELP stock traded as high as $10.64 and as low as $1.08.

ELP has underperformed the market in the last year with a price return of -0.1% while the SPY ETF gained +21.2%. ELP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.4% and -6.3%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

ELP support price is $6.96 and resistance is $7.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ELP stock will trade within this expected range on the day.