ERIE INDEMNITY CO.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ERIE
ISIN:

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

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 508.23 USD

My targets

568.94 USD (+6.44%)

627.15 USD (+17.33%)

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 568.94 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 627.15 USD. 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

8.4

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.

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Additional analysis

Quotes

The ERIE INDEMNITY CO. price is 534.53 USD. On the day, this instrument gained +2.60% and was between 525.49 USD and 535.84 USD. This implies that the price is at +1.72% from its lowest and at -0.24% from its highest.

525.49

535.84

534.53

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Technical analysis of ERIE INDEMNITY CO. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	376.99	414.57	508.23	534.53
Change (%)	-29.47%	-22.44%	-4.92%	-
Change	-157.54	-119.96	-26.30	-
Level	Intermediate	Major	Intermediate	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position 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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	77.14
MACD (12,26,9):	20.0500
Directional Movement:	38.71
AROON (14):	57.15
DEMA (21):	523.07
Parabolic SAR (0,02-0,02-0,2):	502.39
Elder Ray (13):	24.96
Super Trend (3,10):	492.35
Zig ZAG (10):	535.05
VORTEX (21):	1.1800
Stochastique (14,3,5):	73.27
TEMA (21):	523.81
Williams %R (14):	-3.49
Chande Momentum Oscillator (20):	39.57
Repulse (5,40,3):	3.4700
ROCnROLL:	1
TRIX (15,9):	0.6400
Courbe Coppock:	11.96

MA7:	512.17
MA20:	497.29
MA50:	446.60
MA100:	410.47
MAexp7:	514.83
MAexp20:	495.66
MAexp50:	459.03
MAexp100:	426.12
Price / MA7:	+4.37%
Price / MA20:	+7.49%
Price / MA50:	+19.69%
Price / MA100:	+30.22%
Price / MAexp7:	+3.83%
Price / MAexp20:	+7.84%
Price / MAexp50:	+16.45%
Price / MAexp100:	+25.44%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on ERIE INDEMNITY CO. at the time of the analysis were as follows:

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

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