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Transmissora Aliança de Energia Elétrica S.A
Buy, Hold or Sell?

Let's analyse Transmissora Aliança de Energia Elétrica S.A together

PenkeI guess you are interested in Transmissora Aliança de Energia Elétrica S.A. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Transmissora Aliança de Energia Elétrica S.A. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Transmissora Aliança de Energia Elétrica S.A (30 sec.)










What can you expect buying and holding a share of Transmissora Aliança de Energia Elétrica S.A? (30 sec.)

How much money do you get?

How much money do you get?
R$0.31
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
R$11.31
Expected worth in 1 year
R$16.26
How sure are you?
90.9%

+ What do you gain per year?

Total Gains per Share
R$6.51
Return On Investment
54.3%

For what price can you sell your share?

Current Price per Share
R$12.00
Expected price per share
R$11.41 - R$12.63
How sure are you?
50%

1. Valuation of Transmissora Aliança de Energia Elétrica S.A (5 min.)




Live pricePrice per Share (EOD)

R$12.00

Intrinsic Value Per Share

R$17.90 - R$21.00

Total Value Per Share

R$29.21 - R$32.31

2. Growth of Transmissora Aliança de Energia Elétrica S.A (5 min.)




Is Transmissora Aliança de Energia Elétrica S.A growing?

Current yearPrevious yearGrowGrow %
How rich?$1.3b$1.4b-$70.7m-5.3%

How much money is Transmissora Aliança de Energia Elétrica S.A making?

Current yearPrevious yearGrowGrow %
Making money$68.7m$72.8m-$4m-5.9%
Net Profit Margin41.5%51.6%--

How much money comes from the company's main activities?

3. Financial Health of Transmissora Aliança de Energia Elétrica S.A (5 min.)




What can you expect buying and holding a share of Transmissora Aliança de Energia Elétrica S.A? (5 min.)

Welcome investor! Transmissora Aliança de Energia Elétrica S.A's management wants to use your money to grow the business. In return you get a share of Transmissora Aliança de Energia Elétrica S.A.

What can you expect buying and holding a share of Transmissora Aliança de Energia Elétrica S.A?

First you should know what it really means to hold a share of Transmissora Aliança de Energia Elétrica S.A. And how you can make/lose money.

Speculation

The Price per Share of Transmissora Aliança de Energia Elétrica S.A is R$12.00. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Transmissora Aliança de Energia Elétrica S.A.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Transmissora Aliança de Energia Elétrica S.A, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is R$11.31. Based on the TTM, the Book Value Change Per Share is R$1.24 per quarter. Based on the YOY, the Book Value Change Per Share is R$-0.03 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is R$0.39 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Transmissora Aliança de Energia Elétrica S.A.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 R$% of Price per ShareR$% of Price per ShareR$% of Price per ShareR$% of Price per ShareR$% of Price per Share
Usd Eps0.161.4%0.080.7%0.070.6%0.090.8%0.090.8%
Usd Book Value Change Per Share0.988.2%0.252.1%-0.010.0%0.040.3%0.100.9%
Usd Dividend Per Share0.070.6%0.080.7%0.121.0%0.100.8%0.110.9%
Usd Total Gains Per Share1.058.7%0.332.7%0.111.0%0.131.1%0.221.8%
Usd Price Per Share2.57-2.44-2.64-2.30-2.23-
Price to Earnings Ratio3.92-9.27-38.90-13.32-12.44-
Price-to-Total Gains Ratio2.45-23.27--180.57--21.59--19.36-
Price to Book Ratio1.13-1.68-1.94-1.75-1.68-
Price-to-Total Gains Ratio2.45-23.27--180.57--21.59--19.36-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.412
Number of shares414
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.080.10
Usd Book Value Change Per Share0.250.04
Usd Total Gains Per Share0.330.13
Gains per Quarter (414 shares)135.5355.41
Gains per Year (414 shares)542.10221.64
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
113041253216259212
22608241074325119434
339112361616487178656
452116482158649237878
5651205927008112971100
6781247132429743561322
79122883378411364161544
810423295432612984751766
911723707486814605341988
1013024119541016235942210

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%22.00.00.0100.0%22.00.00.0100.0%
Book Value Change Per Share2.02.00.050.0%5.07.00.041.7%12.08.00.060.0%14.08.00.063.6%14.08.00.063.6%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%22.00.00.0100.0%22.00.00.0100.0%
Total Gains per Share4.00.00.0100.0%11.01.00.091.7%18.02.00.090.0%20.02.00.090.9%20.02.00.090.9%

Fundamentals of Transmissora Aliança de Energia Elétrica S.A

About Transmissora Aliança de Energia Elétrica S.A

Transmissora Aliança de Energia Elétrica S.A. implements, operates, and maintains electric power transmission facilities in Brazil. It operates approximately a total length of 15,130 kilometers (km) of transmission lines, which include 12,362 km of transmission lines in operation and 1,746 km of lines under construction; and 108 substations with voltage ranging from 230 and 525kV. The company was founded in 2000 is headquartered in Rio de Janeiro, Brazil.

Fundamental data was last updated by Penke on 2024-03-13 06:22:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is unable to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Transmissora Aliança de Energia Elétrica S.A.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Transmissora Aliança de Energia Elétrica S.A earns for each R$1 of revenue.

  • Above 10% is considered healthy but always compare Transmissora Aliança de Energia Elétrica S.A to the Utilities - Regulated Electric industry mean.
  • A Net Profit Margin of 36.9% means that R$0.37 for each R$1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Transmissora Aliança de Energia Elétrica S.A:

  • The MRQ is 36.9%. The company is making a huge profit. +2
  • The TTM is 41.5%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ36.9%TTM41.5%-4.5%
TTM41.5%YOY51.6%-10.2%
TTM41.5%5Y53.8%-12.4%
5Y53.8%10Y54.4%-0.5%
1.1.2. Return on Assets

Shows how efficient Transmissora Aliança de Energia Elétrica S.A is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Transmissora Aliança de Energia Elétrica S.A to the Utilities - Regulated Electric industry mean.
  • 2.5% Return on Assets means that Transmissora Aliança de Energia Elétrica S.A generated R$0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Transmissora Aliança de Energia Elétrica S.A:

  • The MRQ is 2.5%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.8%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.5%TTM1.8%+0.7%
TTM1.8%YOY2.0%-0.2%
TTM1.8%5Y2.9%-1.1%
5Y2.9%10Y2.9%-0.1%
1.1.3. Return on Equity

Shows how efficient Transmissora Aliança de Energia Elétrica S.A is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Transmissora Aliança de Energia Elétrica S.A to the Utilities - Regulated Electric industry mean.
  • 7.2% Return on Equity means Transmissora Aliança de Energia Elétrica S.A generated R$0.07 for each R$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Transmissora Aliança de Energia Elétrica S.A:

  • The MRQ is 7.2%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 5.2%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ7.2%TTM5.2%+2.0%
TTM5.2%YOY5.1%+0.1%
TTM5.2%5Y6.9%-1.7%
5Y6.9%10Y6.9%+0.0%

1.2. Operating Efficiency of Transmissora Aliança de Energia Elétrica S.A.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Transmissora Aliança de Energia Elétrica S.A is operating .

  • Measures how much profit Transmissora Aliança de Energia Elétrica S.A makes for each R$1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Transmissora Aliança de Energia Elétrica S.A to the Utilities - Regulated Electric industry mean.
  • An Operating Margin of 46.6% means the company generated R$0.47  for each R$1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Transmissora Aliança de Energia Elétrica S.A:

  • The MRQ is 46.6%. The company is operating very efficient. +2
  • The TTM is 62.5%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ46.6%TTM62.5%-15.9%
TTM62.5%YOY89.4%-26.9%
TTM62.5%5Y73.9%-11.4%
5Y73.9%10Y72.5%+1.4%
1.2.2. Operating Ratio

Measures how efficient Transmissora Aliança de Energia Elétrica S.A is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Utilities - Regulated Electric industry mean).
  • An Operation Ratio of 0.53 means that the operating costs are R$0.53 for each R$1 in net sales.

Let's take a look of the Operating Ratio trends of Transmissora Aliança de Energia Elétrica S.A:

  • The MRQ is 0.534. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.400. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.534TTM0.400+0.134
TTM0.400YOY0.323+0.077
TTM0.4005Y0.467-0.066
5Y0.46710Y0.477-0.011

1.3. Liquidity of Transmissora Aliança de Energia Elétrica S.A.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Transmissora Aliança de Energia Elétrica S.A is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Utilities - Regulated Electric industry mean).
  • A Current Ratio of 2.00 means the company has R$2.00 in assets for each R$1 in short-term debts.

Let's take a look of the Current Ratio trends of Transmissora Aliança de Energia Elétrica S.A:

  • The MRQ is 2.002. The company is able to pay all its short-term debts. +1
  • The TTM is 2.641. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.002TTM2.641-0.639
TTM2.641YOY3.037-0.396
TTM2.6415Y2.908-0.267
5Y2.90810Y2.952-0.044
1.3.2. Quick Ratio

Measures if Transmissora Aliança de Energia Elétrica S.A is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Transmissora Aliança de Energia Elétrica S.A to the Utilities - Regulated Electric industry mean.
  • A Quick Ratio of 1.96 means the company can pay off R$1.96 for each R$1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Transmissora Aliança de Energia Elétrica S.A:

  • The MRQ is 1.963. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is -4.060. The company is unable to pay all its short-term debts with the most liquid assets. -2
Trends
Current periodCompared to+/- 
MRQ1.963TTM-4.060+6.023
TTM-4.060YOY-0.013-4.047
TTM-4.0605Y0.977-5.037
5Y0.97710Y1.259-0.281

1.4. Solvency of Transmissora Aliança de Energia Elétrica S.A.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Transmissora Aliança de Energia Elétrica S.A assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Transmissora Aliança de Energia Elétrica S.A to Utilities - Regulated Electric industry mean.
  • A Debt to Asset Ratio of 0.66 means that Transmissora Aliança de Energia Elétrica S.A assets are financed with 65.7% credit (debt) and the remaining percentage (100% - 65.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Transmissora Aliança de Energia Elétrica S.A:

  • The MRQ is 0.657. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.652. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.657TTM0.652+0.005
TTM0.652YOY0.606+0.046
TTM0.6525Y0.588+0.064
5Y0.58810Y0.578+0.010
1.4.2. Debt to Equity Ratio

Measures if Transmissora Aliança de Energia Elétrica S.A is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Transmissora Aliança de Energia Elétrica S.A to the Utilities - Regulated Electric industry mean.
  • A Debt to Equity ratio of 191.2% means that company has R$1.91 debt for each R$1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Transmissora Aliança de Energia Elétrica S.A:

  • The MRQ is 1.912. The company is just able to pay all its debts with equity.
  • The TTM is 1.871. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.912TTM1.871+0.041
TTM1.871YOY1.538+0.333
TTM1.8715Y1.452+0.419
5Y1.45210Y1.405+0.048

2. Market Valuation of Transmissora Aliança de Energia Elétrica S.A

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every R$1 in earnings Transmissora Aliança de Energia Elétrica S.A generates.

  • Above 15 is considered overpriced but always compare Transmissora Aliança de Energia Elétrica S.A to the Utilities - Regulated Electric industry mean.
  • A PE ratio of 3.92 means the investor is paying R$3.92 for every R$1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Transmissora Aliança de Energia Elétrica S.A:

  • The EOD is 3.679. Based on the earnings, the company is cheap. +2
  • The MRQ is 3.924. Based on the earnings, the company is cheap. +2
  • The TTM is 9.274. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD3.679MRQ3.924-0.245
MRQ3.924TTM9.274-5.349
TTM9.274YOY38.903-29.629
TTM9.2745Y13.318-4.045
5Y13.31810Y12.445+0.874
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Transmissora Aliança de Energia Elétrica S.A:

  • The EOD is 8.805. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 9.392. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 5.171. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD8.805MRQ9.392-0.587
MRQ9.392TTM5.171+4.221
TTM5.171YOY7.198-2.027
TTM5.1715Y-52.984+58.156
5Y-52.98410Y-48.068-4.916
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Transmissora Aliança de Energia Elétrica S.A is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Utilities - Regulated Electric industry mean).
  • A PB ratio of 1.13 means the investor is paying R$1.13 for each R$1 in book value.

Let's take a look of the Price to Book Ratio trends of Transmissora Aliança de Energia Elétrica S.A:

  • The EOD is 1.061. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.132. Based on the equity, the company is underpriced. +1
  • The TTM is 1.678. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.061MRQ1.132-0.071
MRQ1.132TTM1.678-0.546
TTM1.678YOY1.938-0.260
TTM1.6785Y1.748-0.069
5Y1.74810Y1.681+0.067
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Transmissora Aliança de Energia Elétrica S.A compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--4.8701.237+294%-0.028+101%0.178+2631%0.514+848%
Book Value Per Share--11.3077.624+48%6.754+67%6.726+68%6.814+66%
Current Ratio--2.0022.641-24%3.037-34%2.908-31%2.952-32%
Debt To Asset Ratio--0.6570.652+1%0.606+8%0.588+12%0.578+14%
Debt To Equity Ratio--1.9121.871+2%1.538+24%1.452+32%1.405+36%
Dividend Per Share--0.3460.391-11%0.598-42%0.487-29%0.562-38%
Eps--0.8150.418+95%0.351+133%0.462+76%0.468+74%
Free Cash Flow Per Share--0.3410.148+130%0.480-29%0.337+1%0.469-27%
Free Cash Flow To Equity Per Share---0.624-0.013-98%0.238-362%0.300-308%0.350-278%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--21.000--------
Intrinsic Value_10Y_min--17.898--------
Intrinsic Value_1Y_max--1.408--------
Intrinsic Value_1Y_min--1.383--------
Intrinsic Value_3Y_max--4.762--------
Intrinsic Value_3Y_min--4.535--------
Intrinsic Value_5Y_max--8.755--------
Intrinsic Value_5Y_min--8.081--------
Market Cap7088567808.000-7%7561138995.20011116841580.918-32%13549145670.000-44%10881771076.000-31%10312194594.996-27%
Net Profit Margin--0.3690.415-11%0.516-28%0.538-31%0.544-32%
Operating Margin--0.4660.625-25%0.894-48%0.739-37%0.725-36%
Operating Ratio--0.5340.400+33%0.323+65%0.467+14%0.477+12%
Pb Ratio1.061-7%1.1321.678-33%1.938-42%1.748-35%1.681-33%
Pe Ratio3.679-7%3.9249.274-58%38.903-90%13.318-71%12.445-68%
Price Per Share12.000-7%12.80012.128+6%13.110-2%11.423+12%11.095+15%
Price To Free Cash Flow Ratio8.805-7%9.3925.171+82%7.198+30%-52.984+664%-48.068+612%
Price To Total Gains Ratio2.300-7%2.45423.268-89%-180.570+7459%-21.588+980%-19.364+889%
Quick Ratio--1.963-4.060+307%-0.013+101%0.977+101%1.259+56%
Return On Assets--0.0250.018+38%0.020+22%0.029-14%0.029-15%
Return On Equity--0.0720.052+40%0.051+42%0.069+5%0.069+5%
Total Gains Per Share--5.2171.629+220%0.570+814%0.666+683%1.075+385%
Usd Book Value--1342541310.0001332232623.000+1%1402998642.750-4%1236859329.000+9%1207433605.091+11%
Usd Book Value Change Per Share--0.9790.249+294%-0.006+101%0.036+2631%0.103+848%
Usd Book Value Per Share--2.2731.532+48%1.358+67%1.352+68%1.370+66%
Usd Dividend Per Share--0.0700.079-11%0.120-42%0.098-29%0.113-38%
Usd Eps--0.1640.084+95%0.070+133%0.093+76%0.094+74%
Usd Free Cash Flow--40454868.00023232936.750+74%99743838.000-59%58655418.000-31%72663674.455-44%
Usd Free Cash Flow Per Share--0.0680.030+130%0.097-29%0.068+1%0.094-27%
Usd Free Cash Flow To Equity Per Share---0.125-0.003-98%0.048-362%0.060-308%0.070-278%
Usd Market Cap1424802129.408-7%1519788938.0352234485157.764-32%2723378279.670-44%2187235986.276-31%2072751113.594-27%
Usd Price Per Share2.412-7%2.5732.438+6%2.635-2%2.296+12%2.230+15%
Usd Profit--96820494.00068733658.500+41%72823053.750+33%84974066.550+14%82930050.955+17%
Usd Revenue--262130733.000168946429.500+55%131480079.750+99%153013038.900+71%148802858.182+76%
Usd Total Gains Per Share--1.0490.327+220%0.115+814%0.134+683%0.216+385%
 EOD+4 -4MRQTTM+20 -15YOY+17 -185Y+19 -1610Y+17 -18

3.2. Fundamental Score

Let's check the fundamental score of Transmissora Aliança de Energia Elétrica S.A based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-153.679
Price to Book Ratio (EOD)Between0-11.061
Net Profit Margin (MRQ)Greater than00.369
Operating Margin (MRQ)Greater than00.466
Quick Ratio (MRQ)Greater than11.963
Current Ratio (MRQ)Greater than12.002
Debt to Asset Ratio (MRQ)Less than10.657
Debt to Equity Ratio (MRQ)Less than11.912
Return on Equity (MRQ)Greater than0.150.072
Return on Assets (MRQ)Greater than0.050.025
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Transmissora Aliança de Energia Elétrica S.A based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose11.950
Total0/1 (0.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in BRL. All numbers in thousands.

Summary
Total Assets19,448,656
Total Liabilities12,769,346
Total Stockholder Equity6,679,310
 As reported
Total Liabilities 12,769,346
Total Stockholder Equity+ 6,679,310
Total Assets = 19,448,656

Assets

Total Assets19,448,656
Total Current Assets3,503,237
Long-term Assets15,945,419
Total Current Assets
Cash And Cash Equivalents 1,306,121
Net Receivables 2,129,118
Other Current Assets 67,998
Total Current Assets  (as reported)3,503,237
Total Current Assets  (calculated)3,503,237
+/-0
Long-term Assets
Property Plant Equipment 232,242
Long-term Assets Other 165,937
Long-term Assets  (as reported)15,945,419
Long-term Assets  (calculated)398,179
+/- 15,547,240

Liabilities & Shareholders' Equity

Total Current Liabilities1,750,274
Long-term Liabilities11,019,072
Total Stockholder Equity6,679,310
Total Current Liabilities
Short-term Debt 1,155,364
Short Long Term Debt 1,153,762
Accounts payable 170,505
Other Current Liabilities 178,205
Total Current Liabilities  (as reported)1,750,274
Total Current Liabilities  (calculated)2,657,836
+/- 907,562
Long-term Liabilities
Long term Debt 8,546,036
Capital Lease Obligations 2,842
Long-term Liabilities  (as reported)11,019,072
Long-term Liabilities  (calculated)8,548,878
+/- 2,470,194
Total Stockholder Equity
Common Stock3,042,035
Retained Earnings 2,321,803
Accumulated Other Comprehensive Income 1,315,472
Total Stockholder Equity (as reported)6,679,310
Total Stockholder Equity (calculated)6,679,310
+/-0
Other
Capital Stock3,067,535
Cash and Short Term Investments 1,306,121
Common Stock Shares Outstanding 344,499
Current Deferred Revenue246,200
Liabilities and Stockholders Equity 19,448,656
Net Debt 8,396,519
Net Invested Capital 16,379,108
Net Working Capital 1,752,963
Property Plant and Equipment Gross 232,242
Short Long Term Debt Total 9,702,640



Balance Sheet

Currency in BRL. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-30
> Total Assets 
8,906,950
8,616,294
9,083,071
10,457,660
10,686,609
11,229,976
12,352,048
13,535,459
13,866,966
14,105,419
15,020,635
15,184,963
16,104,988
15,895,635
17,394,249
18,230,115
17,852,091
17,309,081
18,436,499
18,812,340
19,422,890
19,448,656
19,448,65619,422,89018,812,34018,436,49917,309,08117,852,09118,230,11517,394,24915,895,63516,104,98815,184,96315,020,63514,105,41913,866,96613,535,45912,352,04811,229,97610,686,60910,457,6609,083,0718,616,2948,906,950
   > Total Current Assets 
2,663,691
1,927,671
2,253,153
3,323,771
3,130,852
3,568,430
3,228,146
3,841,299
3,358,290
2,360,161
2,618,436
2,252,478
2,520,585
2,135,183
3,326,999
3,953,127
3,620,492
3,089,668
3,196,076
3,598,345
4,217,841
3,503,237
3,503,2374,217,8413,598,3453,196,0763,089,6683,620,4923,953,1273,326,9992,135,1832,520,5852,252,4782,618,4362,360,1613,358,2903,841,2993,228,1463,568,4303,130,8523,323,7712,253,1531,927,6712,663,691
       Cash And Cash Equivalents 
233,440
20,044
20,592
25,788
18,508
82,562
209,548
1,524,256
1,789,887
896,031
1,021,839
719,541
967,879
384,824
1,453,195
1,843,025
1,564,460
1,083,174
1,039,721
1,323,640
1,674,800
1,306,121
1,306,1211,674,8001,323,6401,039,7211,083,1741,564,4601,843,0251,453,195384,824967,879719,5411,021,839896,0311,789,8871,524,256209,54882,56218,50825,78820,59220,044233,440
       Short-term Investments 
1,242,900
798,604
1,175,507
2,164,333
2,033,794
2,337,228
1,458,261
681,323
0
0
0
0
0
0
0
0
0
-10,267,452
-11,133,544
-11,206,740
-11,300,385
0
0-11,300,385-11,206,740-11,133,544-10,267,452000000000681,3231,458,2612,337,2282,033,7942,164,3331,175,507798,6041,242,900
       Net Receivables 
155,533
159,200
146,031
148,501
132,573
1,054,351
1,459,717
1,531,904
1,454,759
1,346,764
1,472,289
1,397,063
1,414,981
1,594,514
1,728,318
1,950,766
234,180
1,949,118
2,099,056
2,205,845
2,341,098
2,129,118
2,129,1182,341,0982,205,8452,099,0561,949,118234,1801,950,7661,728,3181,594,5141,414,9811,397,0631,472,2891,346,7641,454,7591,531,9041,459,7171,054,351132,573148,501146,031159,200155,533
       Other Current Assets 
36,874
863,892
815,642
812,557
817,023
94,289
100,620
103,816
113,644
117,366
124,308
1,532,937
1,552,706
1,750,359
1,873,804
2,110,102
2,056,032
2,006,494
57,299
68,860
201,943
67,998
67,998201,94368,86057,2992,006,4942,056,0322,110,1021,873,8041,750,3591,552,7061,532,937124,308117,366113,644103,816100,62094,289817,023812,557815,642863,89236,874
   > Long-term Assets 
0
0
6,829,918
7,133,889
7,555,757
7,661,546
9,123,902
9,694,160
10,508,676
11,745,258
12,402,199
12,932,485
13,584,403
13,760,452
14,067,250
14,276,988
14,231,599
14,219,413
15,240,423
15,213,995
15,205,049
15,945,419
15,945,41915,205,04915,213,99515,240,42314,219,41314,231,59914,276,98814,067,25013,760,45213,584,40312,932,48512,402,19911,745,25810,508,6769,694,1609,123,9027,661,5467,555,7577,133,8896,829,91800
       Property Plant Equipment 
22,639
23,218
60,295
53,720
56,603
56,439
55,626
55,371
54,083
73,676
77,617
81,359
87,509
86,349
92,114
97,352
129,781
203,712
216,765
223,699
227,357
232,242
232,242227,357223,699216,765203,712129,78197,35292,11486,34987,50981,35977,61773,67654,08355,37155,62656,43956,60353,72060,29523,21822,639
       Long Term Investments 
1,877,568
1,947,135
2,023,143
2,041,206
2,178,583
2,216,101
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000002,216,1012,178,5832,041,2062,023,1431,947,1351,877,568
       Intangible Assets 
50,161
65,828
65,477
71,935
71,974
78,660
0
0
85,517
89,572
89,515
89,870
94,841
98,801
98,836
101,318
109,700
136,940
140,628
145,871
151,271
0
0151,271145,871140,628136,940109,700101,31898,83698,80194,84189,87089,51589,57285,5170078,66071,97471,93565,47765,82850,161
       Long-term Assets Other 
0
0
6,829,918
7,133,889
7,555,757
7,661,546
9,123,902
0
0
0
0
12,761,256
13,496,894
13,674,103
13,876,300
14,078,318
13,992,118
13,878,761
14,883,030
14,832,708
14,815,278
165,937
165,93714,815,27814,832,70814,883,03013,878,76113,992,11814,078,31813,876,30013,674,10313,496,89412,761,25600009,123,9027,661,5467,555,7577,133,8896,829,91800
> Total Liabilities 
4,392,670
4,044,242
4,351,437
5,573,639
5,689,479
6,303,181
7,047,759
8,123,047
8,098,596
8,079,515
8,422,424
8,806,197
9,179,159
9,210,879
10,149,446
11,075,953
10,901,161
10,738,605
11,945,344
12,123,039
12,770,564
12,769,346
12,769,34612,770,56412,123,03911,945,34410,738,60510,901,16111,075,95310,149,4469,210,8799,179,1598,806,1978,422,4248,079,5158,098,5968,123,0477,047,7596,303,1815,689,4795,573,6394,351,4374,044,2424,392,670
   > Total Current Liabilities 
700,361
646,805
684,751
759,860
1,056,561
996,501
1,039,895
1,187,778
926,143
841,643
895,118
1,120,353
1,238,042
1,417,130
1,432,996
1,279,304
975,305
1,021,517
1,132,149
1,189,144
1,554,339
1,750,274
1,750,2741,554,3391,189,1441,132,1491,021,517975,3051,279,3041,432,9961,417,1301,238,0421,120,353895,118841,643926,1431,187,7781,039,895996,5011,056,561759,860684,751646,805700,361
       Short-term Debt 
494,055
428,280
491,103
540,219
802,616
734,481
0
0
0
0
0
893,063
943,281
958,046
1,041,269
1,031,222
711,358
637,921
808,450
816,981
1,166,246
1,155,364
1,155,3641,166,246816,981808,450637,921711,3581,031,2221,041,269958,046943,281893,06300000734,481802,616540,219491,103428,280494,055
       Short Long Term Debt 
494,055
428,280
491,103
540,219
802,616
734,481
786,998
916,551
642,151
440,828
528,137
884,155
934,370
949,513
1,031,445
1,024,779
706,407
634,734
807,854
816,826
1,164,490
1,153,762
1,153,7621,164,490816,826807,854634,734706,4071,024,7791,031,445949,513934,370884,155528,137440,828642,151916,551786,998734,481802,616540,219491,103428,280494,055
       Accounts payable 
33,432
58,314
36,912
56,117
84,284
91,200
81,122
59,420
66,115
85,086
81,622
68,425
114,616
131,622
89,227
97,945
86,758
133,728
105,310
127,853
158,594
170,505
170,505158,594127,853105,310133,72886,75897,94589,227131,622114,61668,42581,62285,08666,11559,42081,12291,20084,28456,11736,91258,31433,432
       Other Current Liabilities 
80,970
60,551
65,601
68,681
69,530
58,392
48,924
99,269
103,238
199,376
171,216
158,865
129,801
270,800
302,500
150,137
177,189
249,868
218,389
65,570
58,025
178,205
178,20558,02565,570218,389249,868177,189150,137302,500270,800129,801158,865171,216199,376103,23899,26948,92458,39269,53068,68165,60160,55180,970
   > Long-term Liabilities 
0
0
3,666,686
4,791,755
4,632,918
5,306,680
6,007,864
6,935,269
7,172,453
7,237,872
7,527,306
7,685,844
7,941,117
7,793,749
8,716,450
9,796,649
9,925,856
9,717,088
10,813,195
10,933,895
11,216,225
11,019,072
11,019,07211,216,22510,933,89510,813,1959,717,0889,925,8569,796,6498,716,4507,793,7497,941,1177,685,8447,527,3067,237,8727,172,4536,935,2696,007,8645,306,6804,632,9184,791,7553,666,68600
       Long term Debt Total 
3,230,922
2,871,675
3,141,586
4,206,001
3,954,282
0
0
0
5,974,829
5,803,047
5,919,236
5,908,932
6,057,821
5,846,840
6,648,365
7,605,490
7,762,053
7,518,267
8,544,262
8,609,145
0
0
008,609,1458,544,2627,518,2677,762,0537,605,4906,648,3655,846,8406,057,8215,908,9325,919,2365,803,0475,974,8290003,954,2824,206,0013,141,5862,871,6753,230,922
       Capital Lease Obligations Min Short Term Debt
-494,055
-428,280
-453,471
-503,857
-766,939
-699,149
35,049
34,632
33,921
31,373
33,007
-859,530
-911,099
-942,256
-1,027,586
-1,021,476
-703,390
-631,645
-804,431
-813,354
-1,163,023
-1,152,522
-1,152,522-1,163,023-813,354-804,431-631,645-703,390-1,021,476-1,027,586-942,256-911,099-859,53033,00731,37333,92134,63235,049-699,149-766,939-503,857-453,471-428,280-494,055
> Total Stockholder Equity
4,514,280
4,572,052
4,731,634
4,884,021
4,997,130
4,926,795
5,304,289
5,412,412
5,768,370
6,025,904
6,598,211
6,378,766
6,925,829
6,684,756
7,244,803
7,154,162
6,950,930
6,570,476
6,491,155
6,689,301
6,652,326
6,679,310
6,679,3106,652,3266,689,3016,491,1556,570,4766,950,9307,154,1627,244,8036,684,7566,925,8296,378,7666,598,2116,025,9045,768,3705,412,4125,304,2894,926,7954,997,1304,884,0214,731,6344,572,0524,514,280
   Common Stock
3,042,035
3,042,035
3,042,035
3,042,035
3,042,035
3,042,035
3,042,035
3,042,035
3,042,035
3,042,035
3,042,035
3,042,035
3,042,035
3,042,035
3,042,035
3,042,035
3,042,035
3,042,035
3,042,035
3,042,035
3,042,035
3,042,035
3,042,0353,042,0353,042,0353,042,0353,042,0353,042,0353,042,0353,042,0353,042,0353,042,0353,042,0353,042,0353,042,0353,042,0353,042,0353,042,0353,042,0353,042,0353,042,0353,042,0353,042,0353,042,035
   Retained Earnings 
1,472,245
1,472,847
1,632,429
1,841,986
1,955,095
1,286,024
1,650,211
1,784,578
2,137,185
2,400,431
2,956,283
787,170
1,790,636
3,021,522
559,923
1,123,945
919,666
460,000
386,772
607,198
886,140
2,321,803
2,321,803886,140607,198386,772460,000919,6661,123,945559,9233,021,5221,790,636787,1702,956,2832,400,4312,137,1851,784,5781,650,2111,286,0241,955,0951,841,9861,632,4291,472,8471,472,245
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,068,441
3,449,120
3,040,068
3,037,591
1,315,472
1,315,4723,037,5913,040,0683,449,1203,068,44100000000000000000
   Capital Surplus 0000000000000000000000
   Treasury Stock0000000000000000000000



Balance Sheet

Currency in BRL. All numbers in thousands.




Cash Flow

Currency in BRL. All numbers in thousands.




Income Statement

Currency in BRL. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue3,362,116
Cost of Revenue-1,252,584
Gross Profit2,109,5322,109,532
 
Operating Income (+$)
Gross Profit2,109,532
Operating Expense-201,964
Operating Income1,907,5681,907,568
 
Operating Expense (+$)
Research Development0
Selling General Administrative44,531
Selling And Marketing Expenses0
Operating Expense201,96444,531
 
Net Interest Income (+$)
Interest Income23,151
Interest Expense-782,710
Other Finance Cost-5,270
Net Interest Income-754,289
 
Pretax Income (+$)
Operating Income1,907,568
Net Interest Income-754,289
Other Non-Operating Income Expenses0
Income Before Tax (EBT)1,003,7462,811,390
EBIT - interestExpense = 1,124,858
1,431,259
2,150,544
Interest Expense782,710
Earnings Before Interest and Taxes (EBIT)1,907,5681,786,456
Earnings Before Interest and Taxes (EBITDA)1,925,492
 
After tax Income (+$)
Income Before Tax1,003,746
Tax Provision-65,275
Net Income From Continuing Ops908,956938,471
Net Income1,367,834
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses1,454,548
Total Other Income/Expenses Net-903,822754,289
 

Technical Analysis of Transmissora Aliança de Energia Elétrica S.A
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Transmissora Aliança de Energia Elétrica S.A. The general trend of Transmissora Aliança de Energia Elétrica S.A is UNKNOWN with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Transmissora Aliança de Energia Elétrica S.A's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator StateBullish trend Bearish trend
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Transmissora Aliança de Energia Elétrica S.A.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 12.23 < 12.32 < 12.63.

The bearish price targets are: 11.82 > 11.42 > 11.41.

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Transmissora Aliança de Energia Elétrica S.A Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Transmissora Aliança de Energia Elétrica S.A. The current mas is .

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Transmissora Aliança de Energia Elétrica S.A Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Transmissora Aliança de Energia Elétrica S.A.

Transmissora Aliança de Energia Elétrica S.A Daily Moving Average Convergence/Divergence (MACD) ChartTransmissora Aliança de Energia Elétrica S.A Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Transmissora Aliança de Energia Elétrica S.A. The current adx is .

Transmissora Aliança de Energia Elétrica S.A Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Transmissora Aliança de Energia Elétrica S.A.

Transmissora Aliança de Energia Elétrica S.A Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Transmissora Aliança de Energia Elétrica S.A.

Transmissora Aliança de Energia Elétrica S.A Daily Relative Strength Index (RSI) ChartTransmissora Aliança de Energia Elétrica S.A Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Transmissora Aliança de Energia Elétrica S.A.

Transmissora Aliança de Energia Elétrica S.A Daily Stochastic Oscillator ChartTransmissora Aliança de Energia Elétrica S.A Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Transmissora Aliança de Energia Elétrica S.A.

Transmissora Aliança de Energia Elétrica S.A Daily Commodity Channel Index (CCI) ChartTransmissora Aliança de Energia Elétrica S.A Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Transmissora Aliança de Energia Elétrica S.A.

Transmissora Aliança de Energia Elétrica S.A Daily Chande Momentum Oscillator (CMO) ChartTransmissora Aliança de Energia Elétrica S.A Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Transmissora Aliança de Energia Elétrica S.A.

Transmissora Aliança de Energia Elétrica S.A Daily Williams %R ChartTransmissora Aliança de Energia Elétrica S.A Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Transmissora Aliança de Energia Elétrica S.A.

Transmissora Aliança de Energia Elétrica S.A Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Transmissora Aliança de Energia Elétrica S.A.

Transmissora Aliança de Energia Elétrica S.A Daily Average True Range (ATR) ChartTransmissora Aliança de Energia Elétrica S.A Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Transmissora Aliança de Energia Elétrica S.A.

Transmissora Aliança de Energia Elétrica S.A Daily On-Balance Volume (OBV) ChartTransmissora Aliança de Energia Elétrica S.A Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Transmissora Aliança de Energia Elétrica S.A.

Transmissora Aliança de Energia Elétrica S.A Daily Money Flow Index (MFI) ChartTransmissora Aliança de Energia Elétrica S.A Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Transmissora Aliança de Energia Elétrica S.A.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-07ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-11-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-22CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-28RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-08CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-11CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-14CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-21RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-26RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-03STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-04RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-08MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-09STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-10MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-07SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-20RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-21WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-22RSI LONG ENTRY SHORT CLOSE30 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-04WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-14CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-19CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside

6.3. Candlestick Patterns

Transmissora Aliança de Energia Elétrica S.A Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Transmissora Aliança de Energia Elétrica S.A based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose11.950
Total0/1 (0.0%)
Penke

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