ENERGY RECOVERY INC (ERII) Stock Technical Analysis
NASDAQ:ERII - Nasdaq - US29270J1007 - Common Stock - Currency: USD
Overall ERII gets a technical rating of 0 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ERII is a bad performer in the overall market: 77% of all stocks are doing better.
ERII is part of the Machinery industry. There are 128 other stocks in this industry, of which 66% are performing better than ERII.
ERII is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ERII is lagging the market.
In the last month ERII has a been trading in the 10.86 - 15.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ERII has a poor technical rating and the quality of the setup is also only medium 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
12.26
19.70
4 important resistance areas can be observed.
- A resistance zone ranging from 13.17 to 13.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.23 to 15.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.46 from a trend line in the daily time frame.
- Resistance @19.50 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for ERII is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ERII is down. |
| ChartMill Relative Strength | 23.61 | NEGATIVE | ERII has a low relative strength, it was outperformed by 76.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ERII is below 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) | 37.11 | NEUTRAL | The RSI value for ERII is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ERII has a positive trend. |
| Stochastics (14,3) | 49.82 | NEUTRAL | The Stochastics value for ERII is a neutral value. |
| Average True Range in percent/ATR (20) | 5.5 | HIGH VOLATILITY | The high ATR as a percentage value for ERII suggests high volalility. |
| Average Directional Index/ADX (14) | 29.01 | POSITIVE | The high ADX value value for ERII 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)
12.38
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0%
1 Week-2.06%
2 Weeks0.57%
1 Month-19.87%
3 Month-17.25%
6 Month-20.44%
12 Month-8.3%
2 Year-48%
3 Year-38.74%
5 Year61.09%
10 Year365.41%
15 Year245.81%
Volatility
ATR(14)0.53
ATR(20)%5.5%
ATR Inc-61.86%
Range Today0.35
ADR(20)0.5
ADR(20)%4.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.61
Mansfield-2.24
10 Day High13.5
10 Day Low12.21
20 Day High15.96
20 Day Low10.86
52 Week High20.27
52 Week Low10.86
CS1 EndN/A
CR1 Start13.17
Volume & EV
DER(3)0.55%
DER(5)0.79%
Volume403.90K
Volume Incr-31.31%
Vol(5)447.40K
Vol(50)526.86K