We assign a technical rating of 7 out of 10 to EDRY. Although EDRY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
EDRY has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 13.01, a Stop Loss order could be placed below this zone.
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11.94
When analyzing the support we notice one important area.
- A support zone ranging from 12.06 to 12.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @13.01 from a trend line in the daily time frame.
- A resistance zone ranging from 13.23 to 13.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for EDRY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EDRY is neutral. |
| ChartMill Relative Strength | 76.52 | POSITIVE | EDRY has a high relative strength, it outperformed 76.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EDRY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EDRY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EDRY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.33 | NEUTRAL | The RSI value for EDRY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests EDRY has a negative trend. |
| Stochastics (14,3) | 50.28 | NEUTRAL | The Stochastics value for EDRY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for EDRY suggests some volalility. |
| Average Directional Index/ADX (14) | 41.86 | POSITIVE | The high ADX value value for EDRY suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.35 | 12.93 | 0.43 (3.21%) | 25.00% |
| An entry @13.35. This is a Buy Stop order right above the 10 day moving average. | An exit @12.93. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.43 points, which is 3.21%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.80%. |
- The distance between exit and entry is rather small compared to the average daily movement of EDRY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:EDRY (12/22/2025, 11:24:26 AM)
13.0016
-0.05 (-0.42%)
EURODRY LTD / EDRY FAQ
What is the ChartMill technical rating of EURODRY LTD (EDRY) stock?
ChartMill assigns a technical rating of 7 / 10 to EDRY.
What is the trend direction for EDRY stock?
The current trend direction for EURODRY LTD (EDRY) is Bullish.
What is the RSI signal for EURODRY LTD (EDRY) stock?
EURODRY LTD (EDRY) has an RSI value of 49.3323. This indicates that the stock is currently neutral.
What are the support and resistance levels for EURODRY LTD (EDRY) stock?
EURODRY LTD (EDRY) has a support level at 13.01 and a resistance level at 13.23. Check the full technical report for our detailed analysis of EDRY support and resistance levels.