ERO COPPER CORP (ERO) Stock Technical Analysis
NYSE:ERO - New York Stock Exchange, Inc. - CA2960061091 - Common Stock - Currency: USD
Taking everything into account, ERO scores 8 out of 10 in our technical rating. Although ERO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
In the last month ERO has a been trading in the 13.94 - 17.31 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, ERO turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
ERO is part of the Metals & Mining industry. There are 156 other stocks in this industry, ERO did better than 43% of them.
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.
Although ERO has an excellent technical rating, it does not present a decent entry opportunity 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
14.88
16.94
We found 1 important support area.
- A support zone ranging from 15.03 to 15.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 60.58 | NEUTRAL | ERO is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of ERO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.56 | NEUTRAL | The RSI value for ERO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ERO has a positive trend. |
| Stochastics (14,3) | 78.11 | NEUTRAL | The Stochastics value for ERO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for ERO suggests some volalility. |
| Average Directional Index/ADX (14) | 38.46 | POSITIVE | The high ADX value value for ERO suggests a strong 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)
16.77
-0.48 (-2.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.78%
1 Week10.04%
2 Weeks7.02%
1 Month17.77%
3 Month37.01%
6 Month25.62%
12 Month-21.56%
2 Year-17.1%
3 Year98.93%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%3.71%
ATR Inc95.73%
Range Today0.47
ADR(20)0.56
ADR(20)%3.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.58
Mansfield-0.23
10 Day High17.31
10 Day Low14.9
20 Day High17.31
20 Day Low13.94
52 Week High23.4
52 Week Low9.3
CS1 End15.03
CR1 StartN/A
Volume & EV
DER(3)2.17%
DER(5)2.2%
Volume695.20K
Volume Incr34.52%
Vol(5)646.74K
Vol(50)483.49K