Overall ERII gets a technical rating of 1 out of 10. ERII'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.
Although the technical rating is bad, ERII does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 14.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.63, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ERII 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
12.87
When analyzing the support we can see 3 important areas.
- A support zone ranging from 13.57 to 13.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.27 to 13.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @13.00 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 14.44 to 14.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.76 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for ERII is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ERII is neutral. |
| ChartMill Relative Strength | 26.05 | NEGATIVE | ERII has a low relative strength, it was outperformed by 73.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ERII is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ERII is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ERII is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.98 | NEUTRAL | The RSI value for ERII is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ERII has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.05 | NEUTRAL | The Stochastics value for ERII is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for ERII suggests some volalility. |
| Average Directional Index/ADX (14) | 20.16 | NEUTRAL | The ADX value for ERII suggests a possible start of a new trend. |
14.16
-0.28 (-1.94%)
ENERGY RECOVERY INC / ERII FAQ
What is the ChartMill technical rating of ENERGY RECOVERY INC (ERII) stock?
ChartMill assigns a technical rating of 1 / 10 to ERII.
Can you provide the trend direction for ENERGY RECOVERY INC?
The current trend direction for ENERGY RECOVERY INC (ERII) is Bearish.
What is the RSI signal for ENERGY RECOVERY INC (ERII) stock?
ENERGY RECOVERY INC (ERII) has an RSI value of 48.9781. This indicates that the stock is currently neutral.
What is the MACD signal for ERII stock?
The MACD indicator for ENERGY RECOVERY INC (ERII) has a value of 0.0799484, indicating a bearish trend.
What are the support and resistance levels for ENERGY RECOVERY INC (ERII) stock?
ENERGY RECOVERY INC (ERII) has a support level at 13.63 and a resistance level at 14.44. Check the full technical report for our detailed analysis of ERII support and resistance levels.