ERIE INDEMNITY COMPANY-CL A (ERIE) Stock Technical Analysis
NASDAQ:ERIE - Nasdaq - US29530P1021 - Common Stock - Currency: USD
We assign a technical rating of 1 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.
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: 85% of all stocks are doing better.
ERIE is one of the lesser performing stocks in the Insurance industry. 79% of 143 stocks in the same industry do better.
ERIE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ERIE has a been trading in the 332.34 - 372.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ERIE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 354.99, a Stop Loss order could be placed below this zone.
More info and screens
337.04
381.40
When analyzing the support we can see 2 important areas.
- A support zone ranging from 351.12 to 354.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 340.44 to 344.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 355.71 to 366.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 373.94 to 377.62. This zone is formed by a combination of multiple trend lines 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 | 15.58 | NEGATIVE | ERIE has a low relative strength, it was outperformed by 84.42% 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 | MIXED | The current price of ERIE is above 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) | 51.53 | NEUTRAL | The RSI value for ERIE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.23 | POSITIVE | The MACD value suggests ERIE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.9 | NEUTRAL | The Stochastics value for ERIE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for ERIE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.34 | NEGATIVE | The low ADX value for ERIE suggests a weak or negative trend. |
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)
355.63
+2.03 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.57%
1 Week-2.33%
2 Weeks4.02%
1 Month2.55%
3 Month-2.38%
6 Month-11.74%
12 Month-18.79%
2 Year60.22%
3 Year74.88%
5 Year69.25%
10 Year312.04%
15 Year625.33%
Volatility
ATR(14)8.48
ATR(20)%2.43%
ATR Inc-54.6%
Range Today4.32
ADR(20)8.35
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.58
Mansfield-2.2
10 Day High372.88
10 Day Low341.76
20 Day High372.88
20 Day Low332.34
52 Week High547
52 Week Low332.34
CS1 End354.99
CR1 Start355.71
Volume & EV
DER(3)-2.3%
DER(5)-1.44%
Volume79.20K
Volume Incr8.46%
Vol(5)155.32K
Vol(50)142.17K