ERO COPPER CORP (ERO) Stock Technical Analysis
NYSE:ERO • CA2960061091
We assign a technical rating of 10 out of 10 to ERO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ERO is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ERO did better than 96% of all other stocks. We also observe that the gains produced by ERO over the past year are nicely spread over this period.
- 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 1908080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ERO is part of the Metals & Mining industry. There are 156 other stocks in this industry, ERO did better than 61% of them.
- In the last month ERO has a been trading in the 28.11 - 37.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ERO has an excellent technical rating, the quality of the presented setup is not ideal 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
We found 4 important support areas.
- A support zone ranging from 29.41 to 30.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.32 from a trend line in the daily time frame.
- Support @19.59 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 | 96.79 | POSITIVE | ERO has a high relative strength, it outperformed 96.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ERO is above 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) | 59.02 | NEUTRAL | The RSI value for ERO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests ERO has a positive trend. |
| Stochastics (14,3) | 85.73 | OVERBOUGHT | The high Stochastics value suggests ERO may be overbought. |
| Average True Range in percent/ATR (20) | 6.69 | HIGH VOLATILITY | The high ATR as a percentage value for ERO suggests high volalility. |
| Average Directional Index/ADX (14) | 18.53 | NEGATIVE | The low ADX value for ERO suggests a weak or negative trend. |
34.18
-0.24 (-0.7%)
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 59.0175. 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 30.74. Check the full technical report for our detailed analysis of ERO support and resistance levels.