ERO COPPER CORP (ERO) Stock Technical Analysis
NYSE:ERO - New York Stock Exchange, Inc. - CA2960061091 - Common Stock - Currency: USD
Overall ERO gets a technical rating of 6 out of 10. In the last year, ERO was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, ERO is a bad performer in the overall market: 68% of all stocks are doing better.
ERO is one of the lesser performing stocks in the Metals & Mining industry. 60% of 153 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ERO has a been trading in the 12.38 - 14.55 range, which is quite wide. It is currently trading near the high of this range.
ERO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ERO is lagging the market slightly.
Although the technical rating is only medium, ERO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 14.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.23, 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.
More info and screens
12.95
23.47
2 important support areas can be observed.
- A support zone ranging from 14.11 to 14.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.08 to 13.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 14.32 to 14.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @20.72 from a trend line in the weekly time frame.
- Resistance @23.24 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for ERO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERO is up. |
| ChartMill Relative Strength | 32.07 | NEUTRAL | ERO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ERO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ERO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ERO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.93 | NEUTRAL | The RSI value for ERO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ERO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.02 | OVERBOUGHT | The high Stochastics value suggests ERO may be overbought. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for ERO suggests some volalility. |
| Average Directional Index/ADX (14) | 35.38 | POSITIVE | The high ADX value value for ERO 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)
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 |
|---|---|---|---|
| 14.42 | 14.10 | 0.32 (2.22%) | 25.00% |
| An entry @14.42. This is a Buy Stop order right above the resistance zone. | An exit @14.10. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.32 points, which is 2.22%. | For a 0.55% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ERO. 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.
14.24
-0.05 (-0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.35%
1 Week3.71%
2 Weeks3.94%
1 Month14.19%
3 Month20.47%
6 Month-6.44%
12 Month-33.15%
2 Year-13.85%
3 Year15.02%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%3.92%
ATR Inc-24.51%
Range Today0.37
ADR(20)0.52
ADR(20)%3.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.07
Mansfield-1.63
10 Day High14.55
10 Day Low12.85
20 Day High14.55
20 Day Low12.38
52 Week High23.4
52 Week Low9.3
CS1 End14.23
CR1 Start14.32
Volume & EV
DER(3)-0.18%
DER(5)2.6%
Volume370.00K
Volume Incr15.47%
Vol(5)493.00K
Vol(50)492.84K