ERG SPA (ERG.MI) Stock Technical Analysis
BIT:ERG - Euronext Milan - IT0001157020 - Common Stock - Currency: EUR
Taking everything into account, ERG scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ERG was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ERG is a bad performer in the overall market: 77% of all stocks are doing better.
ERG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ERG is lagging the market.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ERG has a been trading in the 17.25 - 19.26 range, which is quite wide. It is currently trading near the high of this range.
ERG is an average performer in the Independent Power and Renewable Electricity Producers industry, it outperforms 50% of 21 stocks in the same industry.
ERG has an average technical rating and it also 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
17.01
21.05
When analyzing the support we notice one important area.
- Support @17.18 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 18.87 to 19.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.58 from a horizontal line in the daily time frame.
- Resistance @20.84 from a trend line in the weekly time frame.
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 ERG.MI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERG.MI is up. |
| ChartMill Relative Strength | 23.96 | NEGATIVE | ERG.MI has a low relative strength, it was outperformed by 76.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ERG.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ERG.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ERG.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.75 | NEUTRAL | The RSI value for ERG.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ERG.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.06 | OVERBOUGHT | The high Stochastics value suggests ERG.MI may be overbought. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for ERG.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 27.25 | POSITIVE | The high ADX value value for ERG.MI 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)
BIT:ERG (6/18/2025, 4:00:56 PM)
18.635
-0.19 (-1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-1.04%
1 Week-0.16%
2 Weeks1.24%
1 Month4.55%
3 Month5.08%
6 Month-4.08%
12 Month-22.64%
2 Year-30.21%
3 Year-36.47%
5 Year-1.88%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%1.94%
ATR Inc23.62%
Range Today0.18
ADR(20)0.35
ADR(20)%1.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.96
Mansfield-1.24
10 Day High19.26
10 Day Low18.39
20 Day High19.26
20 Day Low17.25
52 Week High25.42
52 Week Low15.96
CS1 End17.18
CR1 Start18.87
Volume & EV
DER(3)-0.24%
DER(5)1%
Volume48.02K
Volume Incr-50.05%
Vol(5)266.10K
Vol(50)408.10K