ERG SPA (ERG.MI) Technical Analysis
BIT:ERG • IT0001157020
Taking everything into account, ERG scores 8 out of 10 in our technical rating. In the last year, ERG was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- In the last month ERG has a been trading in the 21.20 - 26.18 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, ERG did better than 71% of all other stocks. On top of that, ERG also shows a nice and consistent pattern of rising prices.
- ERG is an average performer in the Independent Power and Renewable Electricity Producers industry, it outperforms 70% of 21 stocks in the same industry.
- ERG is currently trading in the middle 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 slightly.
Although ERG has an excellent technical rating, it 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
21.13
We found 2 important support areas.
- A support zone ranging from 21.80 to 22.26. 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.
When analyzing the resistance we notice one important 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 | NEUTRAL | NEUTRAL | The short term trend for ERG.MI is neutral. |
| ChartMill Relative Strength | 71.8 | POSITIVE | ERG.MI has a high relative strength, it outperformed 71.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ERG.MI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ERG.MI is below 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) | 41.68 | NEUTRAL | The RSI value for ERG.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ERG.MI has a negative trend. |
| Stochastics (14,3) | 44.05 | NEUTRAL | The Stochastics value for ERG.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.51 | MEDIUM VOLATILITY | The ATR as a percentage value for ERG.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 25.6 | POSITIVE | The high ADX value value for ERG.MI suggests a strong trend. |
ERG.MI Technicals: Chart, Performance Metrics, Trend & Indicators
BIT:ERG (3/13/2026, 3:14:06 PM)
22.41
-0.15 (-0.66%)
ERG SPA / ERG.MI FAQ
What is the ChartMill technical rating of ERG SPA (ERG.MI) stock?
ChartMill assigns a technical rating of 9 / 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 41.6832. 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 neutral.