ERO COPPER CORP (ERO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ERO - CA2960061091 - Common Stock
Overall ERO gets a technical rating of 10 out of 10. 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.
Although ERO has an excellent technical rating, it does not present a decent entry opportunity 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.
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12.96
When analyzing the support we can see 4 important areas.
- A support zone ranging from 21.65 to 21.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.12 from a trend line in the weekly time frame.
- Support @16.74 from a trend line in the daily time frame.
- Support @13.09 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 ERO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERO is up. |
| ChartMill Relative Strength | 95.92 | POSITIVE | ERO has a high relative strength, it outperformed 95.92% 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) | 65.92 | 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) | 81.66 | OVERBOUGHT | The high Stochastics value suggests ERO may be overbought. |
| Average True Range in percent/ATR (20) | 4.75 | MEDIUM VOLATILITY | The ATR as a percentage value for ERO suggests some volalility. |
| Average Directional Index/ADX (14) | 22.42 | NEUTRAL | The ADX value for ERO suggests a possible start of a new trend. |
25.01
-0.62 (-2.42%)
ERO COPPER CORP / ERO FAQ
What is the ChartMill technical rating of ERO COPPER CORP (ERO) stock?
ChartMill assigns a technical rating of 10 / 10 to ERO.
What is the trend direction for ERO stock?
The current trend direction for ERO COPPER CORP (ERO) is Bullish.
What is the RSI signal for ERO COPPER CORP (ERO) stock?
ERO COPPER CORP (ERO) has an RSI value of 65.9177. This indicates that the stock is currently neutral.
What is the MACD signal for ERO COPPER CORP (ERO) stock?
The MACD indicator for ERO COPPER CORP (ERO) has a value of 0.353417, indicating a bearish trend.
What is the short term momentum for ERO COPPER CORP (ERO) stock?
The short term momentum for ERO COPPER CORP (ERO) is positive.