ERO COPPER CORP (ERO) Stock Technical Analysis
USA - NYSE:ERO - CA2960061091 - Common Stock
20.66 USD
+0.77 (+3.87%)
20.97 USD
+0.31 (+1.5%)
We assign a technical rating of 7 out of 10 to ERO. In the last year, ERO was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month ERO has a been trading in the 19.09 - 24.48 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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 1000790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ERO did better than 89% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
ERO is an average performer in the Metals & Mining industry, it outperforms 54% of 154 stocks in the same industry.
ERO has an excellent technical rating, but the quality of the setup is only medium at the moment. Prices have been consolidating lately.
More info and screens
12.96
22.99
When analyzing the support we can see 5 important areas.
- A support zone ranging from 20.52 to 20.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.89 from a horizontal line in the daily time frame.
- Support @16.29 from a trend line in the weekly time frame.
- Support @15.96 from a trend line in the daily time frame.
- Support @13.09 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 21.49 to 21.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 22.01 to 22.08. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @22.76 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 | NEUTRAL | NEUTRAL | The short term trend for ERO is neutral. |
| ChartMill Relative Strength | 89.14 | POSITIVE | ERO has a high relative strength, it outperformed 89.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ERO is below a declining 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) | 50.07 | NEUTRAL | The RSI value for ERO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests ERO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.7 | NEUTRAL | The Stochastics value for ERO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.04 | HIGH VOLATILITY | The high ATR as a percentage value for ERO suggests high volalility. |
| Average Directional Index/ADX (14) | 28.83 | 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)
20.66
+0.77 (+3.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.87%
1 Week-3.64%
2 Weeks0.63%
1 Month-11.78%
3 Month48.1%
6 Month54.06%
12 Month19.15%
2 Year67.56%
3 Year63.45%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.08
ATR(20)%6.04%
ATR Inc50.52%
Range Today1.91
ADR(20)1.14
ADR(20)%5.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.14
3 months CRS94.29
6 months CRS88.93
Mansfield2.52
10 Day High22.13
10 Day Low19.09
20 Day High24.48
20 Day Low19.09
52 Week High24.48
52 Week Low9.3
CS1 End20.65
CR1 Start21.49
Volume & EV
DER(3)-2.21%
DER(5)-0.15%
Volume924.00K
Volume Incr-32.27%
Vol(5)791.52K
Vol(50)1.00M
ERO COPPER CORP / ERO FAQ
What is the ChartMill technical rating of ERO COPPER CORP (ERO) stock?
ChartMill assigns a technical rating of 7 / 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 50.0743. 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 -0.323724, 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 neutral.