ERIE INDEMNITY CO.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
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Type:	Stocks
Ticker:	ERIE
ISIN:

ERIE INDEMNITY CO. - 1H - Technical analysis published on 09/16/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 508.23 USD

My targets

536.96 USD (+0.60%)

My analysis

ERIE INDEMNITY CO. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 508.23 USD. The next resistance located at 536.96 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ERIE INDEMNITY CO. rating 533.74 USD. On the day, this instrument gained +2.45% and was between 525.49 USD and 535.84 USD. This implies that the price is at +1.57% from its lowest and at -0.39% from its highest.

525.49

535.84

533.74

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ERIE INDEMNITY CO.:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this ERIE INDEMNITY CO. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	465.47	481.48	508.23	533.74	536.96
Change (%)	-12.79%	-9.79%	-4.78%	-	+0.60%
Change	-68.27	-52.26	-25.51	-	+3.22
Level	Intermediate	Minor	Intermediate	-	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	504.27	508.23	514.60	518.56	524.93	528.89	535.26
Camarilla	518.14	519.09	520.03	520.98	521.93	522.87	523.82
Woodie	505.49	508.83	515.82	519.16	526.15	529.49	536.48
Fibonacci	508.23	512.17	514.61	518.56	522.50	524.94	528.89

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	465.89	483.30	502.14	519.55	538.39	555.80	574.64
Camarilla	511.01	514.33	517.66	520.98	524.30	527.63	530.95
Woodie	466.61	483.66	502.86	519.91	539.11	556.16	575.36
Fibonacci	483.30	497.15	505.70	519.55	533.40	541.95	555.80

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	361.47	391.82	450.03	480.38	538.59	568.94	627.15
Camarilla	483.88	491.99	500.11	508.23	516.35	524.47	532.58
Woodie	375.39	398.79	463.95	487.35	552.51	575.91	641.07
Fibonacci	391.82	425.65	446.55	480.38	514.21	535.11	568.94

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	79.72
MACD (12,26,9):	6.8400
Directional Movement:	26.75
AROON (14):	85.71
DEMA (21):	527.49
Parabolic SAR (0,02-0,02-0,2):	515.10
Elder Ray (13):	10.72
Super Trend (3,10):	520.57
Zig ZAG (10):	535.46
VORTEX (21):	1.2600
Stochastique (14,3,5):	91.71
TEMA (21):	531.83
Williams %R (14):	-1.25
Chande Momentum Oscillator (20):	26.97
Repulse (5,40,3):	0.6700
ROCnROLL:	1
TRIX (15,9):	0.1200
Courbe Coppock:	8.43

MA7:	511.93
MA20:	497.28
MA50:	446.60
MA100:	410.47
MAexp7:	528.13
MAexp20:	519.58
MAexp50:	511.34
MAexp100:	501.61
Price / MA7:	+4.26%
Price / MA20:	+7.33%
Price / MA50:	+19.51%
Price / MA100:	+30.03%
Price / MAexp7:	+1.06%
Price / MAexp20:	+2.73%
Price / MAexp50:	+4.38%
Price / MAexp100:	+6.41%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on ERIE INDEMNITY CO.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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