ALLSPRING MULTI-SECTOR INC (ERC) Stock Technical Analysis
NYSEARCA:ERC - NYSE Arca - US94987D1019 - Currency: USD
Overall ERC gets a technical rating of 5 out of 10. In the last year, ERC was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
ERC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 9.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.38, a Stop Loss order could be placed below this zone.
More info and screens
8.43
3 important support areas can be observed.
- A support zone ranging from 9.19 to 9.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.83 from a horizontal line in the weekly time frame.
- A support zone ranging from 8.52 to 8.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 9.53 to 9.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ERC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ERC is neutral. |
| ChartMill Relative Strength | 44.88 | NEUTRAL | ERC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ERC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ERC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ERC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.59 | NEUTRAL | The RSI value for ERC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ERC has a positive trend. |
| Stochastics (14,3) | 85.23 | OVERBOUGHT | The high Stochastics value suggests ERC may be overbought. |
| Average True Range in percent/ATR (20) | 0.93 | LOW VOLATILITY | The low ATR as a percentage value for ERC suggests low volalility. |
| Average Directional Index/ADX (14) | 23.53 | NEUTRAL | The ADX value for ERC suggests a possible start of a new trend. |
NYSEARCA:ERC (8/7/2025, 8:04:00 PM)
9.44
+0.01 (+0.11%)