ERO COPPER CORP (ERO) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ERO • CA2960061091
Taking everything into account, ERO scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ERO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ERO is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, ERO also shows a nice and consistent pattern of rising prices.
- ERO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ERO is lagging the market slightly.
- ERO has an average volume of 1628510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ERO is an average performer in the Metals & Mining industry, it outperforms 69% of 154 stocks in the same industry.
- In the last month ERO has a been trading in the 27.54 - 39.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although ERO has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
13.12
5 important support areas can be observed.
- A support zone ranging from 31.44 to 31.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @29.52 from a horizontal line in the daily time frame.
- Support @26.20 from a trend line in the daily time frame.
- Support @18.76 from a trend line in the weekly time frame.
- Support @13.25 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 | UP | POSITIVE | The long term trend for ERO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERO is up. |
| ChartMill Relative Strength | 97.36 | POSITIVE | ERO has a high relative strength, it outperformed 97.36% off all stocks 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) | UP | POSITIVE | The current price of ERO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.72 | NEUTRAL | The RSI value for ERO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests ERO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.25 | NEUTRAL | The Stochastics value for ERO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.95 | HIGH VOLATILITY | The high ATR as a percentage value for ERO suggests high volalility. |
| Average Directional Index/ADX (14) | 38.4 | POSITIVE | The high ADX value value for ERO suggests a strong trend. |
33.51
-4.52 (-11.89%)
ERO COPPER CORP / ERO FAQ
What is the technical rating for ERO stock?
ChartMill assigns a technical rating of 10 / 10 to ERO.
What is the current trend direction of ERO COPPER CORP (ERO) stock?
The current trend direction for ERO COPPER CORP (ERO) is Bullish.
What is the RSI signal for ERO stock?
ERO COPPER CORP (ERO) has an RSI value of 58.7239. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ERO COPPER CORP?
The buy/sell signal for ERO COPPER CORP (ERO) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ERO COPPER CORP?
ERO COPPER CORP (ERO) has a support level at 31.52. Check the full technical report for our detailed analysis of ERO support and resistance levels.