ERG SPA (ERG.MI) Technical Analysis
BIT:ERG • IT0001157020
Taking everything into account, ERG scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ERG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ERG did better than 76% of all other stocks. On top of that, ERG also shows a nice and consistent pattern of rising prices.
- ERG is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 73% of 20 stocks in the same industry.
- ERG 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 ERG is lagging the market slightly.
- ERG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ERG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 22.15, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ERG in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.13
2 important support areas can be observed.
- A support zone ranging from 21.80 to 22.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.34 to 21.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.94 to 24.94. 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 ERG.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERG.MI is up. |
| ChartMill Relative Strength | 76.93 | POSITIVE | ERG.MI has a high relative strength, it outperformed 76.93% 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) | UP | POSITIVE | The current price of ERG.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.52 | NEUTRAL | The RSI value for ERG.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests ERG.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.89 | NEUTRAL | The Stochastics value for ERG.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for ERG.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 24.73 | NEUTRAL | The ADX value for ERG.MI suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 24.95 | 22.12 | 2.83 (11.34%) | 8.82% |
| An entry @24.95. This is a Buy Stop order right above the resistance zone. | An exit @22.12. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.83 points, which is 11.34%. | When investing 8.82% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
ERG.MI Technicals: Chart, Performance Metrics, Trend & Indicators
BIT:ERG (3/5/2026, 5:35:30 PM)
24.08
-0.1 (-0.41%)
ERG SPA / ERG.MI FAQ
What is the ChartMill technical rating of ERG SPA (ERG.MI) stock?
ChartMill assigns a technical rating of 10 / 10 to ERG.MI.
Can you provide the trend direction for ERG SPA?
The current trend direction for ERG SPA (ERG.MI) is Bullish.
What is the RSI signal for ERG stock?
ERG SPA (ERG.MI) has an RSI value of 57.5226. This indicates that the stock is currently neutral.
What is the short term momentum for ERG SPA (ERG.MI) stock?
The short term momentum for ERG SPA (ERG.MI) is positive.
What is the buy/sell signal for ERG SPA (ERG.MI) stock?
The buy/sell signal for ERG SPA (ERG.MI) is buy as both the short term and long term trends are positive.