Eros International Plc (EROS) Stock Technical Analysis
NYSE:EROS - New York Stock Exchange, Inc. -
Overall EROS gets a technical rating of 2 out of 10. Although EROS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month EROS has a been trading in the 2.38 - 3.33 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, EROS did better than 79% of all other stocks.
EROS has an average volume of 3682620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EROS 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 EROS is lagging the market slightly.
EROS has a poor technical rating and the quality of the setup is also not perfect at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
1.49
3.88
When analyzing the support we can see 4 important areas.
- Support @2.55 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.45 to 2.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.58 from a trend line in the weekly time frame.
- Support @1.50 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.60 to 2.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.69 from a trend line in the daily time frame.
- Resistance @3.62 from a trend line in the daily time frame.
- Resistance @3.84 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for EROS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EROS is down. |
| ChartMill Relative Strength | 79.23 | POSITIVE | EROS has a high relative strength, it outperformed 79.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EROS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EROS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of EROS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.26 | NEUTRAL | The RSI value for EROS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EROS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.44 | OVERSOLD | The low Stochastics value suggests EROS may be oversold. |
| Average True Range in percent/ATR (20) | 8.6 | HIGH VOLATILITY | The high ATR as a percentage value for EROS suggests high volalility. |
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)
2.56
+0.07 (+2.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.81%
1 Week1.59%
2 Weeks-9.54%
1 Month-5.54%
3 Month-11.72%
6 Month49.71%
12 Month43.02%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%8.6%
ATR Inc-17.48%
Range Today0.19
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.23
Mansfield-1.17
10 Day High2.95
10 Day Low2.38
20 Day High3.33
20 Day Low2.38
52 Week High4.91
52 Week Low1.1
CS1 End2.55
CR1 Start2.6
Volume & EV
DER(3)-4.26%
DER(5)-5.03%
Volume2.88M
Volume Incr54.46%
Vol(5)4.24M
Vol(50)3.68M