ERO COPPER CORP (ERO) Technical Analysis
NYSE:ERO • CA2960061091
Current stock price
ERO Technical Rating and Analysis
Overall ERO gets a technical rating of 4 out of 10. Although ERO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month ERO has a been trading in the 22.41 - 33.80 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that ERO is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, ERO also shows a nice and consistent pattern of rising prices.
- ERO has an average volume of 1802920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- ERO is part of the Metals & Mining industry. There are 159 other stocks in this industry, ERO did better than 69% of them.
- 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.
- Considerably lower volume is observed in the last couple of days.
ERO Weekly and Daily overview Charts
ERO Setup Rating and Analysis
ERO has an average technical rating and it also 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
ERO Support and Resistance Analysis
23.35
When analyzing the support we notice one important area.
- A support zone ranging from 23.59 to 23.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 25.06 to 25.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.28 to 30.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
ERO Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for ERO is down. |
| ChartMill Relative Strength | 92.2 | POSITIVE | ERO has a high relative strength, it outperformed 92.2% 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) | DOWN | NEGATIVE | The current price of ERO is below a declining 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) | 39.11 | NEUTRAL | The RSI value for ERO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests ERO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.28 | NEUTRAL | The Stochastics value for ERO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.6 | HIGH VOLATILITY | The high ATR as a percentage value for ERO suggests high volalility. |
| Average Directional Index/ADX (14) | 27.39 | POSITIVE | The high ADX value value for ERO suggests a strong trend. |
ERO Chart- and CandleStick Pattern Analysis
ERO Technicals: Chart, Performance Metrics, Trend & Indicators
25.05
+0.49 (+2%)
ERO COPPER CORP / ERO TA FAQ
What is the technical rating for ERO stock?
ChartMill assigns a technical rating of 4 / 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 Bearish.
What is the RSI signal for ERO stock?
ERO COPPER CORP (ERO) has an RSI value of 39.112. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ERO COPPER CORP?
ERO COPPER CORP (ERO) has a support level at 23.93 and a resistance level at 25.06. Check the full technical report for our detailed analysis of ERO support and resistance levels.