ERASCA INC (ERAS) Technical Analysis
NASDAQ:ERAS • US29479A1088
Current stock price
ERAS Technical Rating and Analysis
Taking everything into account, ERAS scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ERAS has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ERAS is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, ERAS also shows a nice and consistent pattern of rising prices.
- ERAS is part of the Biotechnology industry. There are 517 other stocks in this industry. ERAS outperforms 99% of them.
- ERAS is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ERAS is leading the market.
- In the last month ERAS has a been trading in the 12.91 - 18.20 range, which is quite wide. It is currently trading near the high of this range.
- ERAS has an average volume of 4845030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ERAS Weekly and Daily overview Charts
ERAS Setup Rating and Analysis
Although ERAS has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
ERAS Support and Resistance Analysis
14.82
When analyzing the support we can see 2 important areas.
- A support zone ranging from 16.03 to 16.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @14.97 from a trend line in the daily time frame.
ERAS 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 | 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 | 99.73 | POSITIVE | ERAS has a high relative strength, it outperformed 99.73% 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) | 63.57 | NEUTRAL | The RSI value for ERAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests ERAS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.98 | NEUTRAL | The Stochastics value for ERAS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.63 | HIGH VOLATILITY | The high ATR as a percentage value for ERAS suggests high volalility. |
| Average Directional Index/ADX (14) | 41.6 | POSITIVE | The high ADX value value for ERAS suggests a strong trend. |
ERAS Chart- and CandleStick Pattern Analysis
ERAS Technicals: Chart, Performance Metrics, Trend & Indicators
16.94
-0.12 (-0.7%)
ERASCA INC / ERAS TA FAQ
Can you provide the ChartMill technical rating for ERASCA INC?
ChartMill assigns a technical rating of 10 / 10 to ERAS.
What is the trend direction for ERAS stock?
The current trend direction for ERASCA INC (ERAS) is Bullish.
What is the RSI signal for ERASCA INC (ERAS) stock?
ERASCA INC (ERAS) has an RSI value of 63.5732. This indicates that the stock is currently neutral.
What is the short term momentum for ERAS stock?
The short term momentum for ERASCA INC (ERAS) is positive.
What are the support and resistance levels for ERASCA INC (ERAS) stock?
ERASCA INC (ERAS) has a support level at 16.28. Check the full technical report for our detailed analysis of ERAS support and resistance levels.