ERA Technical Analysis - ERAMET

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to ERA. ERA has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

When comparing the yearly performance of all stocks, ERA is a bad performer in the overall market: 78% of all stocks are doing better.

ERA is one of the lesser performing stocks in the Metals & Mining industry. 63% of 42 stocks in the same industry do better.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month ERA has a been trading in the 45.24 - 56.65 range, which is quite wide. It is currently trading near the high of this range.

ERA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ERA is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ERA has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

45.26

61.82

We found 3 important support areas.

A support zone ranging from 50.89 to 51.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 46.79 to 48.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @45.72 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @61.21 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for ERA.PA is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ERA.PA is up.
ChartMill Relative Strength	22.59	NEGATIVE	ERA.PA has a low relative strength, it was outperformed by 77.41% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ERA.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ERA.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ERA.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	68.2	NEUTRAL	The RSI value for ERA.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.69	POSITIVE	The MACD value suggests ERA.PA has a positive trend.
Stochastics (14,3)	92.79	OVERBOUGHT	The high Stochastics value suggests ERA.PA may be overbought.
Average True Range in percent/ATR (20)	3.16	MEDIUM VOLATILITY	The ATR as a percentage value for ERA.PA suggests some volalility.
Average Directional Index/ADX (14)	19.95	NEGATIVE	The low ADX value for ERA.PA suggests a weak or negative trend.