ENERGY RECOVERY INC (ERII) Stock Technical Analysis
NASDAQ:ERII - Nasdaq - US29270J1007 - Common Stock - Currency: USD
Taking everything into account, ERII scores 6 out of 10 in our technical rating. Although ERII has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ERII is part of the Machinery industry. There are 128 other stocks in this industry. ERII outperforms 86% of them.
In the last month ERII has a been trading in the 13.77 - 15.96 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, ERII did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ERII is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Although the technical rating is only medium, ERII does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 15.74. Right above this resistance zone may be a good entry point.
More info and screens
13.91
19.70
We found 4 important support areas.
- A support zone ranging from 15.28 to 15.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.03 to 15.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 14.48 to 14.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.05 to 14.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 15.74 to 15.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.38 from a horizontal line in the weekly time frame.
- Resistance @16.83 from a horizontal line in the daily time frame.
- Resistance @19.50 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.49
Mansfield0.08
10 Day High15.96
10 Day Low14.58
20 Day High15.96
20 Day Low13.77
52 Week High20.27
52 Week Low12.26
Performance
1 Week3.8%
2 Weeks6.49%
1 Month8.12%
3 Month7.23%
6 Month-20.95%
12 Month11.6%
2 Year-34.57%
3 Year-22.91%
5 Year102.73%
10 Year485.71%
15 Year335.2%
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)
Technical Indicators
MACD(12,26,9)0.12
RSI(14)54.63
LBB14.47
UBB15.84
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.83 | 15.27 | 0.56 (3.54%) | 25.00% |
| An entry @15.83. This is a Buy Stop order right above the resistance zone. | An exit @15.27. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.56 points, which is 3.54%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.88%. |
- The distance between exit and entry is rather small compared to the average daily movement of ERII. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
15.58
-0.22 (-1.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.39%
1 Week3.8%
2 Weeks6.49%
1 Month8.12%
3 Month7.23%
6 Month-20.95%
12 Month11.6%
2 Year-34.57%
3 Year-22.91%
5 Year102.73%
10 Year485.71%
15 Year335.2%
Volatility
ATR(14)0.47
ATR(20)%3.84%
ATR Inc-28.78%
Range Today0.29
ADR(20)0.58
ADR(20)%3.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.49
Mansfield0.08
10 Day High15.96
10 Day Low14.58
20 Day High15.96
20 Day Low13.77
52 Week High20.27
52 Week Low12.26
CS1 End15.48
CR1 Start15.74
Volume & EV
DER(3)-3.2%
DER(5)0.6%
Volume304.60K
Volume Incr-27.58%
Vol(5)332.52K
Vol(50)442.19K