ENERGY RECOVERY INC (ERII) Stock Technical Analysis
NASDAQ:ERII • US29270J1007
Overall ERII gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ERII is only an average performer.
- The long and short term trends are both positive. This is looking good!
- In the last month ERII has a been trading in the 14.24 - 16.30 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, ERII turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
- ERII is an average performer in the Machinery industry, it outperforms 42% of 130 stocks in the same industry.
- ERII is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ERII is lagging the market.
Besides having an excellent technical rating, ERII also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
12.87
When analyzing the support we can see 6 important areas.
- Support @14.86 from a trend line in the daily time frame.
- Support @14.27 from a trend line in the weekly time frame.
- A support zone ranging from 13.97 to 14.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 13.64 to 13.71. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @13.28 from a horizontal line in the daily time frame.
- Support @13.00 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @17.53 from a trend line in the weekly time frame.
- A resistance zone ranging from 18.11 to 18.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for ERII is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERII is up. |
| ChartMill Relative Strength | 64.71 | NEUTRAL | ERII is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ERII is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ERII is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ERII is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.22 | NEUTRAL | The RSI value for ERII is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ERII has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.32 | OVERBOUGHT | The high Stochastics value suggests ERII may be overbought. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for ERII suggests some volalility. |
| Average Directional Index/ADX (14) | 32.27 | POSITIVE | The high ADX value value for ERII suggests a strong trend. |
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 |
|---|---|---|---|
| 16.31 | 15.28 | 1.03 (6.32%) | 15.83% |
| An entry @16.31. This is a Buy Stop order right above the 10 day high. | An exit @15.28. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.03 points, which is 6.32%. | When investing 15.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
16.06
-0.18 (-1.11%)
ENERGY RECOVERY INC / ERII FAQ
What is the ChartMill technical rating of ENERGY RECOVERY INC (ERII) stock?
ChartMill assigns a technical rating of 8 / 10 to ERII.
Can you provide the trend direction for ENERGY RECOVERY INC?
The current trend direction for ENERGY RECOVERY INC (ERII) is Bullish.
What is the RSI signal for ENERGY RECOVERY INC (ERII) stock?
ENERGY RECOVERY INC (ERII) has an RSI value of 65.2161. 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 0.071359, 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 14.86 and a resistance level at 17.53. Check the full technical report for our detailed analysis of ERII support and resistance levels.