ERIE INDEMNITY COMPANY-CL A (ERIE) Stock Technical Analysis
NASDAQ:ERIE • US29530P1021
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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 84% of all other stocks performed better in the past year than ERIE.
- ERIE is part of the Insurance industry. There are 150 other stocks in this industry, of which 73% 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 267.39 - 292.69 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. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 273.03, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
266.86
We found 1 important support area.
- A support zone ranging from 269.56 to 273.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 275.00 to 289.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @296.36 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 | DOWN | NEGATIVE | The short term trend for ERIE is down. |
| ChartMill Relative Strength | 16.05 | NEGATIVE | ERIE has a low relative strength, it was outperformed by 83.95% 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) | 43.23 | NEUTRAL | The RSI value for ERIE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.54 | NEGATIVE | The MACD value suggests ERIE has a negative trend. |
| Stochastics (14,3) | 30.16 | NEUTRAL | The Stochastics value for ERIE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for ERIE suggests some volalility. |
| Average Directional Index/ADX (14) | 12.98 | NEGATIVE | The low ADX value for ERIE suggests a weak or negative trend. |
273.04
-1.59 (-0.58%)
ERIE INDEMNITY COMPANY-CL A / ERIE 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 43.2347. 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 support level at 273.03 and a resistance level at 275. Check the full technical report for our detailed analysis of ERIE support and resistance levels.