ERASCA INC (ERAS) Stock Technical Analysis
USA - NASDAQ:ERAS - US29479A1088 - Common Stock
Overall ERAS gets a technical rating of 6 out of 10. ERAS has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
ERAS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for ERAS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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1.40
We found 4 important support areas.
- A support zone ranging from 2.19 to 2.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.66 from a trend line in the daily time frame.
- Support @1.59 from a trend line in the daily time frame.
- Support @1.41 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @2.43 from a horizontal line in the weekly time frame.
- Resistance @2.47 from a horizontal line 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 | NEUTRAL | NEUTRAL | The short term trend for ERAS is neutral. |
| ChartMill Relative Strength | 77.66 | POSITIVE | ERAS has a high relative strength, it outperformed 77.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ERAS is below a declining 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) | 45.83 | NEUTRAL | The RSI value for ERAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ERAS has a negative trend. |
| Stochastics (14,3) | 26.08 | NEUTRAL | The Stochastics value for ERAS is a neutral value. |
| Average True Range in percent/ATR (20) | 7.09 | HIGH VOLATILITY | The high ATR as a percentage value for ERAS suggests high volalility. |
| Average Directional Index/ADX (14) | 36.43 | POSITIVE | The high ADX value value for ERAS 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 |
|---|---|---|---|
| 2.44 | 2.18 | 0.26 (10.66%) | 9.38% |
| An entry @2.44. This is a Buy Stop order right above the resistance zone. | An exit @2.18. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.26 points, which is 10.66%. | When investing 9.38% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
2.2
-0.11 (-4.76%)
ERASCA INC / ERAS FAQ
Can you provide the ChartMill technical rating for ERASCA INC?
ChartMill assigns a technical rating of 6 / 10 to ERAS.
Can you provide the trend direction for ERASCA INC?
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 45.8296. This indicates that the stock is currently neutral.
What is the support and resistance level for ERAS stock?
ERASCA INC (ERAS) has a support level at 2.19 and a resistance level at 2.43. Check the full technical report for our detailed analysis of ERAS support and resistance levels.