Logo image of ERNE.AS

ISHARES EURO ULTRASHORT BOND (ERNE.AS) Stock Technical Analysis

AMS:ERNE - Euronext Amsterdam - IE00BCRY6557 - ETF - Currency: EUR

102.35  +0.04 (+0.04%)

Technical Rating and Analysis

7

We assign a technical rating of 7 out of 10 to ERNE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ERNE is only an average performer.

Warning: ERNE has an average volume of 5586 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
ERNE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ERNE is performing more or less in line with the market.
When compared to the yearly performance of all other stocks, ERNE outperforms 41% of them, which is more or less in line with the market.
In the last month ERNE has a been trading in a tight range between 102.05 and 102.39.
Weekly and Daily overview Charts
ISHARES EURO ULTRASHORT BOND / ERNE Weekly stock chart
ISHARES EURO ULTRASHORT BOND / ERNE Daily stock chart
Setup Rating and Analysis

8

ERNE has an excellent technical rating and also presents a decent setup pattern. 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 102.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 102.30, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

99.57

103.75

We found 1 important support area.

  • A support zone ranging from 100.58 to 102.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 102.36 to 102.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for ERNE.AS is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for ERNE.AS is up.
ChartMill Relative Strength41.27NEUTRALERNE.AS is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of ERNE.AS is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of ERNE.AS is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of ERNE.AS is above the rising SMA(200).
Relative Strength Index/RSI (14)76.22OVERBOUGHTThe high RSI value suggests ERNE.AS may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)0POSITIVEThe MACD value suggests ERNE.AS has a positive trend.
Stochastics (14,3)88.43OVERBOUGHTThe high Stochastics value suggests ERNE.AS may be overbought.
Average True Range in percent/ATR (20)0.1LOW VOLATILITYThe low ATR as a percentage value for ERNE.AS suggests low volalility.
Average Directional Index/ADX (14)32.1POSITIVEThe high ADX value value for ERNE.AS suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
102.40102.120.28 (0.27%)25.00%
An entry @102.40. This is a Buy Stop order right above the 10 day high.An exit @102.12. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.28 points, which is 0.27%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.07%.

  • 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.
ISHARES EURO ULTRASHORT BOND / ERNE Daily stock chart

ISHARES EURO ULTRASHORT BOND

AMS:ERNE (5/30/2025, 7:00:00 PM)

102.35

+0.04 (+0.04%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.04%
1 Week0.1%
2 Weeks0.15%
1 Month0.26%
3 Month0.77%
6 Month-0.25%
12 Month-0.2%
2 Year1.75%
3 Year2.83%
5 Year2.73%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%0.1%
ATR Inc-4.55%
Range Today0.09
ADR(20)0.1
ADR(20)%0.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.27
Mansfield-0.27
10 Day High102.39
10 Day Low102.13
20 Day High102.39
20 Day Low102.05
52 Week High102.74
52 Week Low100.65
CS1 End102.3
CR1 Start102.36
Volume & EV
DER(3)0%
DER(5)0%
Volume10.34K
Volume Incr59.3%
Vol(5)5.69K
Vol(50)5.59K