ERF Technical Analysis - EUROFINS SCIENTIFIC

Technical Rating and Analysis

Overall ERF gets a technical rating of 3 out of 10. In the last year, ERF was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

ERF is part of the Life Sciences Tools & Services industry. There are 20 other stocks in this industry. ERF outperforms 89% of them.

ERF is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ERF is lagging the market slightly.

In the last month ERF has a been trading in the 60.26 - 64.76 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

When comparing the performance of all stocks over the past year, ERF turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EUROFINS SCIENTIFIC / ERF Weekly stock chart

EUROFINS SCIENTIFIC / ERF Daily stock chart

Setup Rating and Analysis

ERF has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 62.63, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

46.08

69.51

We found 4 important support areas.

A support zone ranging from 60.79 to 62.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @59.44 from a horizontal line in the daily time frame.
Support @49.95 from a trend line in the weekly time frame.
Support @46.55 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 68.76 to 68.82. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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.PA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ERF.PA is neutral.
ChartMill Relative Strength	58.75	NEUTRAL	ERF.PA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ERF.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ERF.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ERF.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	49.31	NEUTRAL	The RSI value for ERF.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.16	POSITIVE	The MACD value suggests ERF.PA has a positive trend.
Stochastics (14,3)	66.44	NEUTRAL	The Stochastics value for ERF.PA is a neutral value.
Average True Range in percent/ATR (20)	1.72	LOW VOLATILITY	The low ATR as a percentage value for ERF.PA suggests low volalility.
Average Directional Index/ADX (14)	23.15	NEUTRAL	The ADX value for ERF.PA suggests a possible start of a new trend.