ERO COPPER CORP (ERO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ERO - CA2960061091 - Common Stock
Taking everything into account, ERO scores 10 out of 10 in our technical rating. 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.
Although ERO has an excellent technical rating, it 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
17.55
We found 4 important support areas.
- A support zone ranging from 26.18 to 26.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @24.34 from a horizontal line in the daily time frame.
- Support @23.62 from a trend line in the daily time frame.
- Support @17.73 from a trend 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 | 96.08 | POSITIVE | ERO has a high relative strength, it outperformed 96.08% 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) | 74.25 | OVERBOUGHT | The high RSI value suggests ERO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests ERO has a positive trend. |
| Stochastics (14,3) | 92.38 | OVERBOUGHT | The high Stochastics value suggests ERO may be overbought. |
| Average True Range in percent/ATR (20) | 4.12 | MEDIUM VOLATILITY | The ATR as a percentage value for ERO suggests some volalility. |
| Average Directional Index/ADX (14) | 27.83 | POSITIVE | The high ADX value value for ERO suggests a strong trend. |
27.98
+0.55 (+2.01%)
ERO COPPER CORP / ERO FAQ
What is the ChartMill technical rating of ERO COPPER CORP (ERO) stock?
ChartMill assigns a technical rating of 10 / 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 74.2476. This indicates that the stock is currently overbought.
What is the MACD signal for ERO COPPER CORP (ERO) stock?
The MACD indicator for ERO COPPER CORP (ERO) has a value of 0.163674, 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.