ERASCA INC (ERAS) Stock Technical Analysis
NASDAQ:ERAS • US29479A1088
We assign a technical rating of 10 out of 10 to ERAS. 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!
- Looking at the yearly performance, ERAS did better than 99% of all other stocks.
- ERAS is one of the better performing stocks in the Biotechnology industry, it outperforms 99% of 523 stocks in the same industry.
- A new 52 week high is currently being made by ERAS, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month ERAS has a been trading in the 8.04 - 12.57 range, which is quite wide. It is currently trading near the high of this range.
- ERAS has an average volume of 5875650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although ERAS has an excellent technical rating, it 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.
More info and screens
11.39
When analyzing the support we notice one important area.
- A support zone ranging from 11.50 to 11.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | 99.85 | POSITIVE | ERAS has a high relative strength, it outperformed 99.85% 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) | 76.78 | OVERBOUGHT | The high RSI value suggests ERAS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ERAS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.64 | OVERBOUGHT | The high Stochastics value suggests ERAS may be overbought. |
| Average True Range in percent/ATR (20) | 6.98 | HIGH VOLATILITY | The high ATR as a percentage value for ERAS suggests high volalility. |
| Average Directional Index/ADX (14) | 60.7 | POSITIVE | The high ADX value value for ERAS suggests a strong trend. |
12.31
+0.75 (+6.49%)
ERASCA INC / ERAS FAQ
Can you provide the ChartMill technical rating for ERASCA INC?
ChartMill assigns a technical rating of 10 / 10 to ERAS.
What is the current trend direction of ERASCA INC (ERAS) stock?
The current trend direction for ERASCA INC (ERAS) is Bullish.
What is the RSI signal for ERAS stock?
ERASCA INC (ERAS) has an RSI value of 76.7764. This indicates that the stock is currently overbought.
Can you provide the MACD signal for ERASCA INC?
The MACD indicator for ERASCA INC (ERAS) has a value of -0.0643835, indicating a bearish trend.
What is the buy/sell signal for ERASCA INC (ERAS) stock?
The buy/sell signal for ERASCA INC (ERAS) is buy as both the short term and long term trends are positive.