ERG SPA (ERG.MI) Stock Technical Analysis
Europe - BIT:ERG - IT0001157020 - Common Stock
We assign a technical rating of 8 out of 10 to ERG. 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.
ERG has an excellent technical rating and also presents a decent setup pattern. 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 22.35, a Stop Loss order could be placed below this zone.
More info and screens
18.40
We found 4 important support areas.
- A support zone ranging from 22.35 to 22.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.14 to 21.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.55 from a trend line in the weekly time frame.
- Support @18.59 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.45 to 22.88. 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 | 58.32 | NEUTRAL | ERG.MI is not amongst the best or worst performers 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 | 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) | 55.52 | 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) | 47.73 | NEUTRAL | The Stochastics value for ERG.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for ERG.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 36.87 | POSITIVE | The high ADX value value for ERG.MI suggests a strong 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 |
|---|---|---|---|
| 22.89 | 22.34 | 0.55 (2.40%) | 25.00% |
| An entry @22.89. This is a Buy Stop order right above the resistance zone. | An exit @22.34. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.55 points, which is 2.40%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.60%. |
- 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 (10/31/2025, 7:00:00 PM)
22.36
-0.22 (-0.97%)
ERG SPA / ERG.MI FAQ
What is the ChartMill technical rating of ERG SPA (ERG.MI) stock?
ChartMill assigns a technical rating of 8 / 10 to ERG.MI.
What is the current trend direction of ERG SPA (ERG.MI) stock?
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 55.5222. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ERG SPA?
The short term momentum for ERG SPA (ERG.MI) is positive.
What is the buy/sell signal for ERG stock?
The buy/sell signal for ERG SPA (ERG.MI) is buy as both the short term and long term trends are positive.