We assign a technical rating of 0 out of 10 to ERII. ERII scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
ERII has a poor technical rating and the quality of the setup is also not perfect 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
12.87
We found 3 important support areas.
- Support @13.63 from a horizontal line in the weekly time frame.
- A support zone ranging from 13.27 to 13.34. 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 14.39 to 14.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.95 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 | 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 | 36.1 | NEUTRAL | ERII is not amongst the best or worst performers 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) | 43.69 | NEUTRAL | The RSI value for ERII is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ERII has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.97 | NEUTRAL | The Stochastics value for ERII is a neutral value. |
| Average True Range in percent/ATR (20) | 4.55 | MEDIUM VOLATILITY | The ATR as a percentage value for ERII suggests some volalility. |
| Average Directional Index/ADX (14) | 32.1 | POSITIVE | The high ADX value value for ERII suggests a strong trend. |
14.38
+0.13 (+0.91%)
ENERGY RECOVERY INC / ERII FAQ
What is the ChartMill technical rating of ENERGY RECOVERY INC (ERII) stock?
ChartMill assigns a technical rating of 0 / 10 to ERII.
What is the trend direction for ERII stock?
The current trend direction for ENERGY RECOVERY INC (ERII) is Bearish.
Can you provide the RSI signal for ENERGY RECOVERY INC?
ENERGY RECOVERY INC (ERII) has an RSI value of 43.6911. This indicates that the stock is currently neutral.
What is the MACD signal for ENERGY RECOVERY INC (ERII) stock?
The MACD indicator for ENERGY RECOVERY INC (ERII) has a value of -0.0398459, indicating a bearish trend.
Can you provide the buy/sell signal for ENERGY RECOVERY INC?
The buy/sell signal for ENERGY RECOVERY INC (ERII) is sell as both the short term and long term trends are negative.