EMBRAER SA-SPON ADR (ERJ) Stock Technical Analysis
NYSE:ERJ - New York Stock Exchange, Inc. - US29082A1079 - ADR - Currency: USD
We assign a technical rating of 10 out of 10 to ERJ. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ERJ is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ERJ is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by ERJ over the past year are nicely spread over this period.
ERJ is part of the Aerospace & Defense industry. There are 65 other stocks in this industry. ERJ outperforms 79% of them.
ERJ is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ERJ has a been trading in the 46.26 - 59.83 range, which is quite wide. It is currently trading near the high of this range.
ERJ has an average volume of 1177930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ERJ has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
39.45
59.96
When analyzing the support we can see 4 important areas.
- A support zone ranging from 48.88 to 48.91. 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 44.64 to 45.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @41.43 from a horizontal line in the daily time frame.
- Support @39.85 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for ERJ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERJ is up. |
| ChartMill Relative Strength | 95.77 | POSITIVE | ERJ has a high relative strength, it outperformed 95.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ERJ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ERJ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ERJ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.92 | OVERBOUGHT | The high RSI value suggests ERJ may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.82 | POSITIVE | The MACD value suggests ERJ has a positive trend. |
| Stochastics (14,3) | 96.42 | OVERBOUGHT | The high Stochastics value suggests ERJ may be overbought. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for ERJ suggests some volalility. |
| Average Directional Index/ADX (14) | 28.72 | POSITIVE | The high ADX value value for ERJ 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)
59.37
+0.2 (+0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg0.34%
1 Week12.23%
2 Weeks16.23%
1 Month29.18%
3 Month42.37%
6 Month59.98%
12 Month126.86%
2 Year279.6%
3 Year550.99%
5 Year927.16%
10 Year113.18%
15 Year125.14%
Volatility
ATR(14)1.99
ATR(20)%3.21%
ATR Inc21.35%
Range Today1.56
ADR(20)1.6
ADR(20)%2.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.77
Mansfield3.68
10 Day High59.83
10 Day Low51.07
20 Day High59.83
20 Day Low46.26
52 Week High59.83
52 Week Low26.04
CS1 End48.44
CR1 StartN/A
Volume & EV
DER(3)3.58%
DER(5)1.57%
Volume1.58M
Volume Incr5.35%
Vol(5)1.39M
Vol(50)1.18M