Eldorado Resorts (ERI) Technical Analysis
NASDAQ:ERI
Current stock price
ERI Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to ERI. Although ERI is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month ERI has a been trading in the 34.67 - 44.57 range, which is quite wide. It is currently trading near the lows of this range.
- ERI has an average volume of 9005250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the yearly performance of all stocks, we notice that ERI is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- ERI 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 ERI is lagging the market slightly.
ERI Weekly and Daily overview Charts
ERI Setup Rating and Analysis
Although the technical rating is only medium, ERI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
ERI Support and Resistance Analysis
35.70
When analyzing the support we can see 2 important areas.
- Support @37.99 from a horizontal line in the daily time frame.
- A support zone ranging from 36.06 to 36.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- Resistance @41.22 from a trend line in the daily time frame.
- Resistance @42.04 from a horizontal line in the daily time frame.
- Resistance @43.78 from a horizontal line in the weekly time frame.
- Resistance @44.81 from a horizontal line in the daily time frame.
ERI 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 ERI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ERI is neutral. |
| ChartMill Relative Strength | 91.16 | POSITIVE | ERI has a high relative strength, it outperformed 91.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ERI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ERI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ERI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.47 | NEUTRAL | The RSI value for ERI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.51 | NEGATIVE | The MACD value suggests ERI has a negative trend. |
| Stochastics (14,3) | 50.39 | NEUTRAL | The Stochastics value for ERI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.58 | HIGH VOLATILITY | The high ATR as a percentage value for ERI suggests high volalility. |
ERI Chart- and CandleStick Pattern Analysis
ERI Technicals: Chart, Performance Metrics, Trend & Indicators
38.24
+0.24 (+0.63%)
Eldorado Resorts / ERI TA FAQ
Can you provide the ChartMill technical rating for Eldorado Resorts?
ChartMill assigns a technical rating of 4 / 10 to ERI.
What is the current trend direction of Eldorado Resorts (ERI) stock?
The current trend direction for Eldorado Resorts (ERI) is Bearish.
What is the RSI signal for ERI stock?
Eldorado Resorts (ERI) has an RSI value of 48.4707. This indicates that the stock is currently neutral.
What is the support and resistance level for ERI stock?
Eldorado Resorts (ERI) has a support level at 37.99 and a resistance level at 41.22. Check the full technical report for our detailed analysis of ERI support and resistance levels.