Taking everything into account, ERAS scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ERAS is showing a nice and steady performance.
Although ERAS has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
6.69
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 ERAS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERAS is up. |
| ChartMill Relative Strength | 98.92 | POSITIVE | ERAS has a high relative strength, it outperformed 98.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ERAS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ERAS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ERAS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 87.4 | OVERBOUGHT | The high RSI value suggests ERAS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests ERAS has a positive trend. |
| Stochastics (14,3) | 78.12 | NEUTRAL | The Stochastics value for ERAS is a neutral value. |
| Average True Range in percent/ATR (20) | 7.71 | HIGH VOLATILITY | The high ATR as a percentage value for ERAS suggests high volalility. |
| Average Directional Index/ADX (14) | 45.78 | POSITIVE | The high ADX value value for ERAS suggests a strong trend. |
6.76
+0.95 (+16.35%)
ChartMill assigns a technical rating of 10 / 10 to ERAS.
The current trend direction for ERASCA INC (ERAS) is Bullish.
ERASCA INC (ERAS) has an RSI value of 87.4038. This indicates that the stock is currently overbought.
The MACD indicator for ERASCA INC (ERAS) has a value of 0.284897, indicating a bearish trend.
The buy/sell signal for ERASCA INC (ERAS) is buy as both the short term and long term trends are positive.