ERO COPPER CORP (ERO) Technical Analysis
NYSE:ERO • CA2960061091
Current stock price
28.1 USD
+0.05 (+0.18%)
At close:
28.4915 USD
+0.39 (+1.39%)
After Hours:
ERO Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to ERO. ERO was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- When comparing the yearly performance of all stocks, we notice that ERO is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, ERO also shows a nice and consistent pattern of rising prices.
- ERO is one of the better performing stocks in the Metals & Mining industry, it outperforms 76% of 157 stocks in the same industry.
- In the last month ERO has a been trading in the 22.41 - 29.02 range, which is quite wide. It is currently trading near the high of this range.
- ERO has an average volume of 1723380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
23.96
30.30
When analyzing the support we notice one important area.
- A support zone ranging from 24.20 to 24.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 28.11 to 28.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 29.67 to 30.00. 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 | NEUTRAL | NEUTRAL | The short term trend for ERO is neutral. |
| ChartMill Relative Strength | 94.99 | POSITIVE | ERO has a high relative strength, it outperformed 94.99% 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) | 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) | 53.38 | NEUTRAL | The RSI value for ERO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests ERO has a positive trend. |
| Stochastics (14,3) | 89.95 | OVERBOUGHT | The high Stochastics value suggests ERO may be overbought. |
| Average True Range in percent/ATR (20) | 5.23 | HIGH VOLATILITY | The high ATR as a percentage value for ERO suggests high volalility. |
| Average Directional Index/ADX (14) | 23.07 | NEUTRAL | The ADX value for ERO suggests a possible start of a new trend. |
ERO Chart- and CandleStick Pattern Analysis
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)
ERO Technicals: Chart, Performance Metrics, Trend & Indicators
28.1
+0.05 (+0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.18%
1 Week14.41%
2 Weeks16.45%
1 Month-2.84%
3 Month-3.27%
6 Month31.06%
12 Month183.55%
2 Year37.81%
3 Year42.71%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.49
ATR(20)%5.23%
ATR Inc32.22%
Range Today2.05
ADR(20)1.29
ADR(20)%4.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.99
3 months CRS41.67
6 months CRS91.63
Mansfield3.54
10 Day High28.4
10 Day Low23.23
20 Day High29.02
20 Day Low22.41
52 Week High39.8
52 Week Low9.3
CS1 End24.56
CR1 Start28.11
Volume & EV
DER(3)3.95%
DER(5)3.03%
Volume816.30K
Volume Incr-21.43%
Vol(5)981.48K
Vol(50)1.72M
ERO COPPER CORP / ERO TA FAQ
What is the technical rating for ERO stock?
ChartMill assigns a technical rating of 6 / 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.
Can you provide the RSI signal for ERO COPPER CORP?
ERO COPPER CORP (ERO) has an RSI value of 53.3844. This indicates that the stock is currently neutral.
What is the short term momentum for ERO COPPER CORP (ERO) stock?
The short term momentum for ERO COPPER CORP (ERO) is neutral.