Taking everything into account, ERC scores 1 out of 10 in our technical rating. ERC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
ERC has a bad 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 9.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.32, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ERC 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.
More info and screens
8.57
We found 3 important support areas.
- A support zone ranging from 9.19 to 9.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.83 from a horizontal line in the weekly time frame.
- Support @8.66 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.37 to 9.73. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for ERC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ERC is down. |
| ChartMill Relative Strength | 48.98 | NEUTRAL | ERC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ERC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ERC is below a declining 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) | 47.75 | NEUTRAL | The RSI value for ERC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ERC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.05 | NEUTRAL | The Stochastics value for ERC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.11 | LOW VOLATILITY | The low ATR as a percentage value for ERC suggests low volalility. |
| Average Directional Index/ADX (14) | 17.06 | NEGATIVE | The low ADX value for ERC suggests a weak or negative trend. |
9.36
+0.02 (+0.25%)
ALLSPRING MULTI-SECTOR INC / ERC FAQ
Can you provide the ChartMill technical rating for ALLSPRING MULTI-SECTOR INC?
ChartMill assigns a technical rating of 1 / 10 to ERC.
What is the current trend direction of ALLSPRING MULTI-SECTOR INC (ERC) stock?
The current trend direction for ALLSPRING MULTI-SECTOR INC (ERC) is Bearish.
Can you provide the RSI signal for ALLSPRING MULTI-SECTOR INC?
ALLSPRING MULTI-SECTOR INC (ERC) has an RSI value of 47.7548. This indicates that the stock is currently neutral.
What is the short term momentum for ERC stock?
The short term momentum for ALLSPRING MULTI-SECTOR INC (ERC) is negative.
Can you provide the support and resistance levels for ALLSPRING MULTI-SECTOR INC?
ALLSPRING MULTI-SECTOR INC (ERC) has a support level at 9.32 and a resistance level at 9.37. Check the full technical report for our detailed analysis of ERC support and resistance levels.