ERIE INDEMNITY COMPANY-CL A (ERIE)
US29530P1021 - Common Stock
We assign a technical rating of 7 out of 10 to ERIE. In the last year, ERIE was one of the better performers, but we do observe some doubts in the very recent evolution.
ERIE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Looking at the yearly performance, ERIE did better than 93% of all other stocks. On top of that, ERIE also shows a nice and consistent pattern of rising prices.
ERIE is one of the better performing stocks in the Insurance industry, it outperforms 92% of 141 stocks in the same industry.
ERIE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ERIE is performing more or less in line with the market.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ERIE also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 382.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 381.26, a Stop Loss order could be placed below this zone.
More info and screens
273.83
421.53
We found 2 important support areas.
- A support zone ranging from 378.18 to 381.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @276.60 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 382.10 to 394.40. 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 412.46 to 417.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.14
Mansfield1.58
10 Day High389.8
10 Day Low371.31
20 Day High405.37
20 Day Low371.31
52 Week High420.34
52 Week Low199.49
Performance
1 Week0.05%
2 Weeks0.15%
1 Month-4.94%
3 Month10.58%
6 Month39.7%
12 Month75.65%
2 Year138.17%
3 Year78.37%
5 Year101.64%
10 Year432.78%
15 Year980.8%
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)
Technical Indicators
MACD(12,26,9)-0.78
RSI(14)42.3
LBB374.4
UBB391.82
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 394.41 | 378.17 | 16.24 (4.12%) | 24.29% |
| An entry @394.41. This is a Buy Stop order right above the resistance zone. | An exit @378.17. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 16.24 points, which is 4.12%. | For a 1.00% total portfolio risk, you can invest 24.29% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ERIE INDEMNITY COMPANY-CL A
NASDAQ:ERIE (4/26/2024, 7:00:02 PM)
After market: 381.74 0 (0%)381.74
+1.48 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.39%
1 Week0.05%
2 Weeks0.15%
1 Month-4.94%
3 Month10.58%
6 Month39.7%
12 Month75.65%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)7.85
ATR(20)%2.01%
ATR Inc
Range Today15.35
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High389.8
10 Day Low371.31
20 Day High405.37
20 Day Low371.31
52 Week High420.34
52 Week Low199.49
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume59.00K
Volume Incr-27.31%
Vol(5)57.40K
Vol(50)94.83K