Logo image of ERG.MI

ERG SPA (ERG.MI) Stock Technical Analysis

BIT:ERG - Euronext Milan - IT0001157020 - Common Stock - Currency: EUR

19.04  +0.16 (+0.85%)

Technical Rating and Analysis

4

Taking everything into account, ERG scores 4 out of 10 in our technical rating. ERG has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

78% of all other stocks performed better in the past year than ERG.
In the last month ERG has a been trading in the 18.43 - 19.62 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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
ERG is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry, ERG did better than 57% of them.
ERG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ERG is lagging the market.
Weekly and Daily overview Charts
ERG SPA / ERG Weekly stock chart
ERG SPA / ERG Daily stock chart
Setup Rating and Analysis

8

Although the technical rating is only medium, ERG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 18.86, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

18.40

20.20

We found 1 important support area.

  • A support zone ranging from 18.59 to 19.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 19.05 to 19.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @20.00 from a trend line in the weekly time frame.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for ERG.MI is neutral.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for ERG.MI is neutral.
ChartMill Relative Strength22.75NEGATIVEERG.MI has a low relative strength, it was outperformed by 77.25% off all stocks on the market.
Simple Moving Average/SMA (20)UPMIXEDThe current price of ERG.MI is below the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of ERG.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNMIXEDThe current price of ERG.MI is above a declining SMA(200).
Relative Strength Index/RSI (14)48.17NEUTRALThe RSI value for ERG.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.05NEGATIVEThe MACD value suggests ERG.MI has a negative trend.
Stochastics (14,3)19.93OVERSOLDThe low Stochastics value suggests ERG.MI may be oversold.
Average True Range in percent/ATR (20)1.9LOW VOLATILITYThe low ATR as a percentage value for ERG.MI suggests low volalility.
Average Directional Index/ADX (14)19.02NEGATIVEThe low ADX value for ERG.MI suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
ERG SPA / ERG Daily stock chart

ERG SPA

BIT:ERG (8/14/2025, 12:02:52 PM)

19.04

+0.16 (+0.85%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0.85%
1 Week-2.53%
2 Weeks-0.58%
1 Month1.94%
3 Month4.19%
6 Month-0.05%
12 Month-19.25%
2 Year-25.38%
3 Year-40.33%
5 Year-14.8%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%1.9%
ATR Inc-52.33%
Range Today0.17
ADR(20)0.35
ADR(20)%1.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.75
Mansfield-1.35
10 Day High19.62
10 Day Low18.65
20 Day High19.62
20 Day Low18.43
52 Week High25.42
52 Week Low15.96
CS1 End18.86
CR1 Start19.02
Volume & EV
DER(3)-2.4%
DER(5)-2.46%
Volume21.34K
Volume Incr-32.67%
Vol(5)158.94K
Vol(50)240.63K