ERG SPA (ERG.MI) Technical Analysis
BIT:ERG • IT0001157020
Current stock price
ERG.MI Technical Rating and Analysis
Taking everything into account, ERG scores 6 out of 10 in our technical rating. In the last year, ERG was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month ERG has a been trading in the 20.82 - 23.24 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, ERG outperforms 65% of them, which is more or less in line with the market.
- ERG is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry, ERG did better than 63% 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.
ERG.MI Weekly and Daily overview Charts
ERG.MI Setup Rating and Analysis
Although the technical rating is only medium, ERG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 22.88, a Stop Loss order could be placed below this zone.
More info and screens
ERG.MI Support and Resistance Analysis
19.98
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.11 to 22.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.62 to 20.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.18 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.72 to 24.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
ERG.MI 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ERG.MI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERG.MI is up. |
| ChartMill Relative Strength | 65.34 | 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) | 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) | 57.31 | NEUTRAL | The RSI value for ERG.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests ERG.MI has a positive trend. |
| Stochastics (14,3) | 86.67 | OVERBOUGHT | The high Stochastics value suggests ERG.MI may be overbought. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for ERG.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 10.09 | NEGATIVE | The low ADX value for ERG.MI suggests a weak or negative trend. |
ERG.MI Chart- and CandleStick Pattern Analysis
ERG.MI Example Setup
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 |
|---|---|---|---|
| 23.05 | 22.10 | 0.95 (4.12%) | 24.26% |
| An entry @23.05. This is a Buy Stop order right above the 10 day high. | An exit @22.10. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.95 points, which is 4.12%. | For a 1.00% total portfolio risk, you can invest 24.26% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ERG. Please evaluate whether better entry and exit points can be found.
- 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 (4/30/2026, 7:00:00 PM)
22.98
+0.5 (+2.22%)
ERG SPA / ERG.MI TA 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 Bearish.
What is the RSI signal for ERG SPA (ERG.MI) stock?
ERG SPA (ERG.MI) has an RSI value of 57.3065. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ERG SPA?
The MACD indicator for ERG SPA (ERG.MI) has a value of 0.149109, indicating a bearish trend.
Can you provide the short term momentum for ERG SPA?
The short term momentum for ERG SPA (ERG.MI) is positive.