Enerplus Corporation (ERF) Technical Analysis
NYSE:ERF • CA2927661025
Current stock price
ERF Technical Rating and Analysis
Taking everything into account, ERF scores 10 out of 10 in our technical rating. 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 89% of all other stocks. We also observe that the gains produced by ERF over the past year are nicely spread over this period.
- 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 19.26 - 20.67 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.
- ERF has an average volume of 2857680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ERF is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, ERF did better than 62% of them.
- Volume is considerably higher in the last couple of days.
ERF Weekly and Daily overview Charts
ERF Setup Rating and Analysis
Besides having an excellent technical rating, ERF also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 20.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.56, a Stop Loss order could be placed below this zone.
More info and screens
ERF Support and Resistance Analysis
13.22
When analyzing the support we can see 3 important areas.
- A support zone ranging from 19.33 to 19.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.00 to 14.05. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @13.35 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.67 to 20.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
ERF 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 is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ERF is neutral. |
| ChartMill Relative Strength | 89.35 | POSITIVE | ERF has a high relative strength, it outperformed 89.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ERF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ERF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ERF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.71 | NEUTRAL | The RSI value for ERF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ERF has a negative trend. |
| Stochastics (14,3) | 59.97 | NEUTRAL | The Stochastics value for ERF is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for ERF suggests low volalility. |
| Average Directional Index/ADX (14) | 20.12 | NEUTRAL | The ADX value for ERF suggests a possible start of a new trend. |
ERF Chart- and CandleStick Pattern Analysis
ERF Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.68 | 19.70 | 0.98 (4.74%) | 21.10% |
| An entry @20.68. This is a Buy Stop order right above the resistance zone. | An exit @19.70. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.98 points, which is 4.74%. | For a 1.00% total portfolio risk, you can invest 21.10% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ERF Technicals: Chart, Performance Metrics, Trend & Indicators
20.09
-0.1 (-0.5%)
Enerplus Corporation / ERF TA FAQ
What is the ChartMill technical rating of Enerplus Corporation (ERF) stock?
ChartMill assigns a technical rating of 10 / 10 to ERF.
What is the trend direction for ERF stock?
The current trend direction for Enerplus Corporation (ERF) is Bullish.
What is the RSI signal for ERF stock?
Enerplus Corporation (ERF) has an RSI value of 51.7123. This indicates that the stock is currently neutral.
What is the short term momentum for ERF stock?
The short term momentum for Enerplus Corporation (ERF) is neutral.
What are the support and resistance levels for Enerplus Corporation (ERF) stock?
Enerplus Corporation (ERF) has a support level at 19.56 and a resistance level at 20.67. Check the full technical report for our detailed analysis of ERF support and resistance levels.