We assign a technical rating of 0 out of 10 to ERIE. ERIE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ERIE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
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When analyzing the support we can see 2 important areas.
- A support zone ranging from 284.83 to 285.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 274.99 to 277.63. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 289.72 to 289.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 295.98 to 303.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @310.68 from a trend line in the daily time frame.
- Resistance @329.98 from a horizontal line in the daily time frame.
- Resistance @338.66 from a horizontal line in the daily time frame.
- Resistance @364.31 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 | NEUTRAL | NEUTRAL | The short term trend for ERIE is neutral. |
| ChartMill Relative Strength | 15.35 | NEGATIVE | ERIE has a low relative strength, it was outperformed by 84.65% 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) | 47.9 | NEUTRAL | The RSI value for ERIE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests ERIE has a positive trend. |
| Stochastics (14,3) | 51.54 | NEUTRAL | The Stochastics value for ERIE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for ERIE suggests some volalility. |
| Average Directional Index/ADX (14) | 19.53 | NEGATIVE | The low ADX value for ERIE suggests a weak or negative trend. |
288.81
+1.3 (+0.45%)
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 47.9012. 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 0.5185, indicating a bearish trend.
Can you provide the support and resistance levels for ERIE INDEMNITY COMPANY-CL A?
ERIE INDEMNITY COMPANY-CL A (ERIE) has a support level at 285.91 and a resistance level at 289.72. Check the full technical report for our detailed analysis of ERIE support and resistance levels.