Enerplus Corporation (ERF.CA) Stock Technical Analysis
TSX:ERF - Toronto Stock Exchange - CA2927661025 - Common Stock - Currency: CAD
We assign a technical rating of 8 out of 10 to ERF. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ERF is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, ERF did better than 86% of all other stocks.
ERF is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 95% of 209 stocks in the same industry.
ERF is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ERF is performing more or less in line with the market.
In the last month ERF has a been trading in the 26.62 - 28.23 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although ERF 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
17.98
28.75
3 important support areas can be observed.
- A support zone ranging from 26.50 to 26.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.00 from a trend line in the weekly time frame.
- Support @18.16 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 27.33 to 27.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 28.47 to 28.47. 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 ERF.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ERF.CA is neutral. |
| ChartMill Relative Strength | 86.21 | POSITIVE | ERF.CA has a high relative strength, it outperformed 86.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ERF.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ERF.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ERF.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.04 | NEUTRAL | The RSI value for ERF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ERF.CA has a negative trend. |
| Stochastics (14,3) | 37.48 | NEUTRAL | The Stochastics value for ERF.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for ERF.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.88 | NEGATIVE | The low ADX value for ERF.CA suggests a weak or negative 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)
TSX:ERF (6/3/2024, 7:00:00 PM)
26.78
-0.93 (-3.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-3.36%
1 Week-2.69%
2 Weeks-1.54%
1 Month0.07%
3 Month11.4%
6 Month31.53%
12 Month36.15%
2 Year57.44%
3 Year200.56%
5 Year171.88%
10 Year-0.41%
15 Year6.57%
Volatility
ATR(14)0.63
ATR(20)%2.19%
ATR Inc147.22%
Range Today1.61
ADR(20)0.56
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.21
Mansfield0.38
10 Day High28.23
10 Day Low26.62
20 Day High28.23
20 Day Low26.62
52 Week High28.84
52 Week Low18.23
CS1 End26.77
CR1 Start27.33
Volume & EV
DER(3)1.17%
DER(5)5.31%
Volume527.22K
Volume Incr502.9%
Vol(5)2.63M
Vol(50)626.48K