Europe - Euronext Milan - BIT:ERG - IT0001157020 - Common Stock
Taking everything into account, ERG scores 5 out of 10 in our technical rating. In the last year, ERG was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
ERG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 21.77, a Stop Loss order could be placed below this zone.
20.87
When analyzing the support we can see 2 important areas.
We found 1 important resistance area.
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 | 49.36 | NEUTRAL | ERG.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ERG.MI is below a declining 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) | 46.64 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 36.2 | NEUTRAL | The Stochastics value for ERG.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for ERG.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 24.07 | NEUTRAL | The ADX value for ERG.MI suggests a possible start of a new trend. |
BIT:ERG (11/25/2025, 7:00:00 PM)
21.84
-0.08 (-0.36%)
ChartMill assigns a technical rating of 5 / 10 to ERG.MI.
The current trend direction for ERG SPA (ERG.MI) is Bullish.
ERG SPA (ERG.MI) has an RSI value of 46.6442. This indicates that the stock is currently neutral.
The short term momentum for ERG SPA (ERG.MI) is neutral.