ERIE INDEMNITY COMPANY-CL A (ERIE) Stock Technical Analysis
USA - NASDAQ:ERIE - US29530P1021 - Common Stock
Overall ERIE gets a technical rating of 0 out of 10. ERIE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, ERIE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
290.13
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 309.31 to 316.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 324.68 to 329.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @338.66 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for ERIE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ERIE is down. |
| ChartMill Relative Strength | 14.81 | NEGATIVE | ERIE has a low relative strength, it was outperformed by 85.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ERIE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ERIE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ERIE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.24 | NEUTRAL | The RSI value for ERIE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.27 | POSITIVE | The MACD value suggests ERIE has a positive trend. |
| Stochastics (14,3) | 47.19 | NEUTRAL | The Stochastics value for ERIE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for ERIE suggests some volalility. |
| Average Directional Index/ADX (14) | 32.67 | POSITIVE | The high ADX value value for ERIE suggests a strong trend. |
293.06
+8 (+2.81%)
ERIE INDEMNITY COMPANY-CL A / ERIE FAQ
What is the ChartMill technical rating of ERIE INDEMNITY COMPANY-CL A (ERIE) stock?
ChartMill assigns a technical rating of 0 / 10 to ERIE.
What is the trend direction for ERIE stock?
The current trend direction for ERIE INDEMNITY COMPANY-CL A (ERIE) is Bearish.
What is the RSI signal for ERIE stock?
ERIE INDEMNITY COMPANY-CL A (ERIE) has an RSI value of 46.24. This indicates that the stock is currently neutral.
What is the MACD signal for ERIE INDEMNITY COMPANY-CL A (ERIE) stock?
The MACD indicator for ERIE INDEMNITY COMPANY-CL A (ERIE) has a value of 1.2681, indicating a bullish trend.
Can you provide the support and resistance levels for ERIE INDEMNITY COMPANY-CL A?
ERIE INDEMNITY COMPANY-CL A (ERIE) has a resistance level at 309.31. Check the full technical report for our detailed analysis of ERIE support and resistance levels.