ERG SPA (ERG.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:ERG - IT0001157020 - Common Stock
Taking everything into account, ERG scores 6 out of 10 in our technical rating. Although ERG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- ERG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- When comparing the performance of all stocks over the past year, ERG turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
- ERG is part of the Independent Power and Renewable Electricity Producers industry. There are 21 other stocks in this industry, ERG did better than 70% of them.
- In the last month ERG has a been trading in the 21.52 - 23.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
ERG has only a medium technical rating, but it does show 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 22.21, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
We found 2 important support areas.
- A support zone ranging from 22.03 to 22.21. This zone is formed by a combination of multiple trend lines and important moving averages 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 multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 22.52 to 22.98. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 54.04 | NEUTRAL | ERG.MI is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of ERG.MI is above a declining 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) | 52.89 | NEUTRAL | The RSI value for ERG.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ERG.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.61 | NEUTRAL | The Stochastics value for ERG.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for ERG.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 15.77 | NEGATIVE | The low ADX value for ERG.MI suggests a weak or negative 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 |
|---|---|---|---|
| 22.99 | 22.02 | 0.97 (4.22%) | 23.70% |
| An entry @22.99. This is a Buy Stop order right above the resistance zone. | An exit @22.02. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.97 points, which is 4.22%. | For a 1.00% total portfolio risk, you can invest 23.70% of your capital in this trade. |
- 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.
BIT:ERG (1/19/2026, 7:00:00 PM)
22.4
-0.26 (-1.15%)
ERG SPA / ERG.MI FAQ
What is the ChartMill technical rating of ERG SPA (ERG.MI) stock?
ChartMill assigns a technical rating of 6 / 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 52.8883. 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.