ERIE INDEMNITY COMPANY-CL A (ERIE) Technical Analysis
NASDAQ:ERIE • US29530P1021
Current stock price
ERIE Technical Rating and Analysis
Taking everything into account, ERIE scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 88% of all other stocks performed better in the past year than ERIE.
- ERIE is one of the lesser performing stocks in the Insurance industry. 76% of 148 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. The S&P500 Index is trading in the upper part of its 52 week range, so ERIE is lagging the market.
- In the last month ERIE has a been trading in the 237.59 - 287.91 range, which is quite wide. It is currently trading near the lows of this range.
ERIE Weekly and Daily overview Charts
ERIE Setup Rating and Analysis
ERIE has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ERIE Support and Resistance Analysis
244.76
We can see 5 important resistance areas.
- A resistance zone ranging from 262.89 to 265.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 271.06 to 273.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @280.69 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 | DOWN | NEGATIVE | The short term trend for ERIE is down. |
| ChartMill Relative Strength | 12.76 | NEGATIVE | ERIE has a low relative strength, it was outperformed by 87.24% 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) | 34.62 | NEUTRAL | The RSI value for ERIE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.97 | NEGATIVE | The MACD value suggests ERIE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.06 | NEUTRAL | The Stochastics value for ERIE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for ERIE suggests some volalility. |
| Average Directional Index/ADX (14) | 27.82 | POSITIVE | The high ADX value value for ERIE suggests a strong trend. |
ERIE Chart- and CandleStick Pattern Analysis
ERIE Technicals: Chart, Performance Metrics, Trend & Indicators
247.23
+0.32 (+0.13%)
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 0 / 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 stock?
ERIE INDEMNITY COMPANY-CL A (ERIE) has an RSI value of 34.6172. This indicates that the stock is currently neutral.
What is the short term momentum for ERIE stock?
The short term momentum for ERIE INDEMNITY COMPANY-CL A (ERIE) is negative.
What is the support and resistance level for ERIE stock?
ERIE INDEMNITY COMPANY-CL A (ERIE) has a resistance level at 262.89. Check the full technical report for our detailed analysis of ERIE support and resistance levels.