ERIE INDEMNITY COMPANY-CL A (ERIE) Stock Technical Analysis
USA - NASDAQ:ERIE - US29530P1021 - Common Stock
318.16 USD
+4.91 (+1.57%)
318.16 USD
0 (0%)
Taking everything into account, ERIE scores 0 out of 10 in our technical rating. ERIE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
91% of all other stocks performed better in the past year than ERIE.
ERIE is part of the Insurance industry. There are 146 other stocks in this industry, of which 86% 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 310.19 - 341.71 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, ERIE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 317.09, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ERIE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
309.81
381.40
When analyzing the support we notice one important area.
- A support zone ranging from 312.94 to 317.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 318.17 to 324.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 338.67 to 344.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @364.31 from a horizontal line in the daily time frame.
- 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 | DOWN | NEGATIVE | The short term trend for ERIE is down. |
| ChartMill Relative Strength | 9.22 | NEGATIVE | ERIE has a low relative strength, it was outperformed by 90.78% 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) | 38.82 | NEUTRAL | The RSI value for ERIE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ERIE has a positive trend. |
| Stochastics (14,3) | 17.8 | OVERSOLD | The low Stochastics value suggests ERIE may be oversold. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for ERIE suggests some volalility. |
| Average Directional Index/ADX (14) | 29.32 | POSITIVE | The high ADX value value for ERIE suggests a strong 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)
318.16
+4.91 (+1.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.57%
1 Week0.27%
2 Weeks-0.8%
1 Month-5.89%
3 Month-8.3%
6 Month-19.77%
12 Month-41.39%
2 Year8.3%
3 Year43.12%
5 Year51.3%
10 Year283.6%
15 Year467.54%
Volatility
ATR(14)6.8
ATR(20)%2.15%
ATR Inc-37.8%
Range Today4.91
ADR(20)6.68
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.22
Mansfield-2.67
10 Day High328.53
10 Day Low310.19
20 Day High341.71
20 Day Low310.19
52 Week High541.64
52 Week Low310.19
CS1 End317.09
CR1 Start318.17
Volume & EV
DER(3)3.07%
DER(5)1.98%
Volume111.34K
Volume Incr-7.78%
Vol(5)128.29K
Vol(50)139.73K