ERIE INDEMNITY COMPANY-CL A (ERIE) Stock Technical Analysis
NASDAQ:ERIE - Nasdaq - US29530P1021 - Common Stock - Currency: USD
Overall ERIE gets a technical rating of 1 out of 10. 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: 75% of all stocks are doing better.
ERIE is part of the Insurance industry. There are 143 other stocks in this industry, of which 72% are performing better than ERIE.
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 343.76 - 377.17 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 has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 373.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 351.56, a Stop Loss order could be placed below this zone.
More info and screens
343.85
444.97
We found 1 important support area.
- A support zone ranging from 347.32 to 351.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 373.95 to 385.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @397.24 from a trend line in the daily time frame.
- Resistance @440.56 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 | 25.96 | NEGATIVE | ERIE has a low relative strength, it was outperformed by 74.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ERIE is below 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) | 46.51 | NEUTRAL | The RSI value for ERIE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.17 | POSITIVE | The MACD value suggests ERIE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.25 | NEUTRAL | The Stochastics value for ERIE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for ERIE suggests some volalility. |
| Average Directional Index/ADX (14) | 24.88 | NEUTRAL | The ADX value for ERIE suggests a possible start of a new 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)
360.29
-1.4 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.39%
1 Week-0.52%
2 Weeks1.95%
1 Month0.79%
3 Month-14.53%
6 Month-14.38%
12 Month2.99%
2 Year71.56%
3 Year87.47%
5 Year87.75%
10 Year339%
15 Year691.85%
Volatility
ATR(14)9.03
ATR(20)%2.32%
ATR Inc50.43%
Range Today6.22
ADR(20)8.01
ADR(20)%2.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.96
Mansfield-1.89
10 Day High377.17
10 Day Low347.82
20 Day High377.17
20 Day Low343.76
52 Week High547
52 Week Low343.76
CS1 End351.56
CR1 Start373.95
Volume & EV
DER(3)-0.24%
DER(5)-0.17%
Volume101.70K
Volume Incr5.38%
Vol(5)130.06K
Vol(50)146.16K