EAST RESOURCES ACQUISITION-A (ERES) Stock Technical Analysis
NASDAQ:ERES - Nasdaq - US2746811056 - Common Stock - Currency: USD
Overall ERES gets a technical rating of 5 out of 10. ERES has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Warning: ERES has an average volume of 18894 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, ERES outperforms 64% of them, which is more or less in line with the market.
ERES is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ERES is lagging the market.
In the last month ERES has a been trading in the 9.52 - 11.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ERES has an average technical rating and also the quality of the setup is only medium 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
9.60
10.96
3 important support areas can be observed.
- A support zone ranging from 10.29 to 10.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.02 to 10.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.70 to 9.74. 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 | NEUTRAL | NEUTRAL | The long term trend for ERES is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ERES is neutral. |
| ChartMill Relative Strength | 64.82 | NEUTRAL | ERES is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ERES is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ERES is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ERES is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.84 | NEUTRAL | The RSI value for ERES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ERES has a positive trend. |
| Stochastics (14,3) | 35.43 | NEUTRAL | The Stochastics value for ERES is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for ERES suggests some volalility. |
| Average Directional Index/ADX (14) | 38.52 | POSITIVE | The high ADX value value for ERES suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
10.85
+0.82 (+8.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg8.18%
1 Week9.26%
2 Weeks1.21%
1 Month5.24%
3 Month5.75%
6 Month7.32%
12 Month8.72%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%3.6%
ATR Inc145.04%
Range Today0.85
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.82
Mansfield-0.4
10 Day High11.43
10 Day Low9.52
20 Day High11.43
20 Day Low9.52
52 Week High11.43
52 Week Low9.52
CS1 End10.38
CR1 StartN/A
Volume & EV
DER(3)-0.51%
DER(5)5.85%
Volume110.70K
Volume Incr205.15%
Vol(5)67.88K
Vol(50)18.89K