ERO COPPER CORP (ERO) Stock Technical Analysis
USA - NYSE:ERO - CA2960061091 - Common Stock
We assign a technical rating of 9 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.
ERO has an excellent technical rating, but the quality of the setup is only medium 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
12.96
We found 4 important support areas.
- Support @20.24 from a trend line in the daily time frame.
- Support @19.89 from a horizontal line in the daily time frame.
- A support zone ranging from 16.05 to 16.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.09 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- 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 | UP | POSITIVE | The short term trend for ERO is up. |
| ChartMill Relative Strength | 91.2 | POSITIVE | ERO has a high relative strength, it outperformed 91.2% 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) | 55.8 | NEUTRAL | The RSI value for ERO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests ERO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.81 | NEUTRAL | The Stochastics value for ERO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.63 | HIGH VOLATILITY | The high ATR as a percentage value for ERO suggests high volalility. |
| Average Directional Index/ADX (14) | 27.53 | POSITIVE | The high ADX value value for ERO suggests a strong trend. |
21.63
-0.05 (-0.23%)
ERO COPPER CORP / ERO FAQ
What is the ChartMill technical rating of ERO COPPER CORP (ERO) stock?
ChartMill assigns a technical rating of 9 / 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 55.7977. 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 -0.161693, 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.