Euro Ressources Sa (EUR.PA) Stock Technical Analysis
Europe - Euronext Paris - EPA:EUR - FR0000054678 - Common Stock
Taking everything into account, EUR scores 5 out of 10 in our technical rating. In the last year, EUR was one of the better performers, but we do observe some doubts in the very recent evolution.
Although the technical rating is only medium, EUR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 3.49, a Stop Loss order could be placed below this zone.
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2.83
We found 6 important support areas.
- A support zone ranging from 3.47 to 3.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.40 from a trend line in the weekly time frame.
- Support @3.34 from a trend line in the daily time frame.
- Support @3.22 from a trend line in the daily time frame.
- A support zone ranging from 2.93 to 2.97. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @2.86 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.50 to 3.53. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for EUR.PA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EUR.PA is down. |
| ChartMill Relative Strength | 76.65 | POSITIVE | EUR.PA has a high relative strength, it outperformed 76.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EUR.PA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EUR.PA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EUR.PA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.47 | NEUTRAL | The RSI value for EUR.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests EUR.PA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.22 | NEUTRAL | The Stochastics value for EUR.PA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.71 | LOW VOLATILITY | The low ATR as a percentage value for EUR.PA suggests low volalility. |
| Average Directional Index/ADX (14) | 28.15 | POSITIVE | The high ADX value value for EUR.PA suggests a strong trend. |
EPA:EUR (2/7/2024, 7:00:00 PM)
3.5
0 (0%)
Euro Ressources Sa / EUR.PA FAQ
What is the ChartMill technical rating of Euro Ressources Sa (EUR.PA) stock?
ChartMill assigns a technical rating of 5 / 10 to EUR.PA.
What is the trend direction for EUR stock?
The current trend direction for Euro Ressources Sa (EUR.PA) is Bullish.
Can you provide the RSI signal for Euro Ressources Sa?
Euro Ressources Sa (EUR.PA) has an RSI value of 44.4704. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for Euro Ressources Sa?
The buy/sell signal for Euro Ressources Sa (EUR.PA) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for Euro Ressources Sa (EUR.PA) stock?
Euro Ressources Sa (EUR.PA) has a support level at 3.49 and a resistance level at 3.5. Check the full technical report for our detailed analysis of EUR.PA support and resistance levels.