ERO COPPER CORP (ERO) Stock Technical Analysis
USA - NYSE:ERO - CA2960061091 - Common Stock
16.91 USD
-0.02 (-0.12%)
16.93 USD
+0.02 (+0.12%)
We assign a technical rating of 5 out of 10 to ERO. In the last year, ERO was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
78% of all other stocks performed better in the past year than ERO.
ERO is part of the Metals & Mining industry. There are 156 other stocks in this industry, of which 81% are performing better than ERO.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ERO has a been trading in the 13.37 - 17.19 range, which is quite wide. It is currently trading near the high of this range.
ERO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ERO is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ERO has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
12.96
17.14
2 important support areas can be observed.
- A support zone ranging from 14.32 to 14.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.09 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @16.97 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 | NEUTRAL | NEUTRAL | The long term trend for ERO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERO is up. |
| ChartMill Relative Strength | 22.32 | NEGATIVE | ERO has a low relative strength, it was outperformed by 77.68% 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) | DOWN | MIXED | The current price of ERO is above 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) | 75.22 | OVERBOUGHT | The high RSI value suggests ERO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests ERO has a positive trend. |
| Stochastics (14,3) | 92.69 | OVERBOUGHT | The high Stochastics value suggests ERO may be overbought. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for ERO suggests some volalility. |
| Average Directional Index/ADX (14) | 23.8 | NEUTRAL | The ADX value for ERO suggests a possible start of a new 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)
16.91
-0.02 (-0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.12%
1 Week12.96%
2 Weeks20.53%
1 Month21.74%
3 Month12.51%
6 Month33.89%
12 Month-20.12%
2 Year-1.91%
3 Year53.73%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.57
ATR(20)%3.06%
ATR Inc2.16%
Range Today0.49
ADR(20)0.47
ADR(20)%2.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.32
Mansfield0.28
10 Day High17.19
10 Day Low13.91
20 Day High17.19
20 Day Low13.37
52 Week High23.4
52 Week Low9.3
CS1 End14.76
CR1 Start16.97
Volume & EV
DER(3)-1.63%
DER(5)-1.43%
Volume732.70K
Volume Incr51.2%
Vol(5)874.50K
Vol(50)771.44K