ERIE INDEMNITY COMPANY-CL A (ERIE) Technical Analysis
NASDAQ:ERIE • US29530P1021
Current stock price
250 USD
-3.85 (-1.52%)
At close:
250 USD
0 (0%)
After Hours:
ERIE Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to ERIE. 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, ERIE is a bad performer in the overall market: 87% of all stocks are doing better.
- ERIE is part of the Insurance industry. There are 147 other stocks in this industry, of which 76% are performing better than ERIE.
- ERIE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ERIE has a been trading in the 233.82 - 262.25 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ERIE Weekly and Daily overview Charts
ERIE Setup Rating and Analysis
Although the technical rating is bad, ERIE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
ERIE Support and Resistance Analysis
233.72
299.32
We found 2 important support areas.
- A support zone ranging from 247.62 to 249.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @236.08 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 250.98 to 261.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @273.39 from a trend line in the daily time frame.
- Resistance @289.05 from a horizontal line in the daily time frame.
- Resistance @296.36 from a horizontal line in the daily time frame.
ERIE 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 | 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 | 13.58 | NEGATIVE | ERIE has a low relative strength, it was outperformed by 86.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ERIE is above the rising 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) | 48.93 | NEUTRAL | The RSI value for ERIE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.74 | POSITIVE | The MACD value suggests ERIE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.06 | NEUTRAL | The Stochastics value for ERIE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for ERIE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.06 | NEGATIVE | The low ADX value for ERIE suggests a weak or negative trend. |
ERIE Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
ERIE Technicals: Chart, Performance Metrics, Trend & Indicators
250
-3.85 (-1.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-1.52%
1 Week2.24%
2 Weeks-1.33%
1 Month3.94%
3 Month-9.37%
6 Month-23%
12 Month-30.91%
2 Year-34.67%
3 Year15.03%
5 Year16.81%
10 Year164.86%
15 Year245.16%
Volatility
ATR(14)7.88
ATR(20)%3.12%
ATR Inc-25.53%
Range Today6.16
ADR(20)7.64
ADR(20)%3.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.58
3 months CRS23.8
6 months CRS18.79
Mansfield-2.65
10 Day High262.25
10 Day Low240.05
20 Day High262.25
20 Day Low233.82
52 Week High380.67
52 Week Low233.82
CS1 End249.1
CR1 Start250.98
Volume & EV
DER(3)-1.68%
DER(5)-0.06%
Volume169.00K
Volume Incr-11.77%
Vol(5)228.44K
Vol(50)239.31K
ERIE INDEMNITY COMPANY-CL A / ERIE TA FAQ
What is the ChartMill technical rating of ERIE INDEMNITY COMPANY-CL A (ERIE) stock?
ChartMill assigns a technical rating of 1 / 10 to ERIE.
Can you provide the trend direction for ERIE INDEMNITY COMPANY-CL A?
The current trend direction for ERIE INDEMNITY COMPANY-CL A (ERIE) is Bearish.
What is the RSI signal for ERIE INDEMNITY COMPANY-CL A (ERIE) stock?
ERIE INDEMNITY COMPANY-CL A (ERIE) has an RSI value of 48.927. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ERIE INDEMNITY COMPANY-CL A?
The MACD indicator for ERIE INDEMNITY COMPANY-CL A (ERIE) has a value of 0.744602, indicating a bearish trend.