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. - 1H - Technical analysis published on 02/28/2025 (GMT)
- 110
- 0
- 02/28/2025 - 16:00
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- Timeframe : 1H
- - Analysis generated on 02/28/2025 - 16:00
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 412.20 USD
My targets
439.41 USD (+1.82%)
481.05 USD (+11.47%)
My analysis
The bullish trend is currently very strong on ERIE INDEMNITY CO.. As long as the price remains above the support at 412.20 USD, you could try to benefit from the boom. The first bullish objective is located at 439.41 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 481.05 USD as an objective. Crossing it would then enable buyers to target 519.48 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
8.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ERIE INDEMNITY CO. rating is 431.56 USD. The price registered an increase of +6.56% on the session and was between 411.54 USD and 434.89 USD. This implies that the price is at +4.86% from its lowest and at -0.77% from its highest.411.54
434.89
431.56
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:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 398.15 | 406.58 | 412.20 | 431.56 | 439.41 | 519.48 | 541.72 |
| Change (%) | -7.74% | -5.79% | -4.49% | - | +1.82% | +20.37% | +25.53% |
| Change | -33.41 | -24.98 | -19.36 | - | +7.85 | +87.92 | +110.16 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Major |
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 | 393.92 | 396.76 | 400.87 | 403.71 | 407.82 | 410.66 | 414.77 |
| Camarilla | 403.07 | 403.71 | 404.34 | 404.98 | 405.62 | 406.25 | 406.89 |
| Woodie | 394.56 | 397.08 | 401.51 | 404.03 | 408.46 | 410.98 | 415.41 |
| Fibonacci | 396.76 | 399.42 | 401.06 | 403.71 | 406.37 | 408.01 | 410.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 363.30 | 371.95 | 377.71 | 386.36 | 392.12 | 400.77 | 406.53 |
| Camarilla | 379.50 | 380.82 | 382.14 | 383.46 | 384.78 | 386.10 | 387.42 |
| Woodie | 361.85 | 371.23 | 376.26 | 385.64 | 390.67 | 400.05 | 405.08 |
| Fibonacci | 371.95 | 377.46 | 380.86 | 386.36 | 391.87 | 395.27 | 400.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 318.90 | 342.95 | 372.95 | 397.00 | 427.00 | 451.05 | 481.05 |
| Camarilla | 388.09 | 393.04 | 398.00 | 402.95 | 407.91 | 412.86 | 417.81 |
| Woodie | 321.88 | 344.44 | 375.93 | 398.49 | 429.98 | 452.54 | 484.03 |
| Fibonacci | 342.95 | 363.60 | 376.35 | 397.00 | 417.65 | 430.40 | 451.05 |
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): | 77.12 | |
| MACD (12,26,9): | 4.7400 | |
| Directional Movement: | 40.89 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 407.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 399.74 | |
| Elder Ray (13): | 14.16 | |
| Super Trend (3,10): | 403.04 | |
| Zig ZAG (10): | 421.12 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 78.67 | |
| TEMA (21): | 409.85 | |
| Williams %R (14): | -20.56 | |
| Chande Momentum Oscillator (20): | 18.12 | |
| Repulse (5,40,3): | 2.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 4.79 |
| MA7: | 397.66 | |
| MA20: | 398.43 | |
| MA50: | 401.67 | |
| MA100: | 424.53 | |
| MAexp7: | 407.82 | |
| MAexp20: | 402.01 | |
| MAexp50: | 396.73 | |
| MAexp100: | 395.55 | |
| Price / MA7: | +8.52% | |
| Price / MA20: | +8.32% | |
| Price / MA50: | +7.44% | |
| Price / MA100: | +1.66% | |
| Price / MAexp7: | +5.82% | |
| Price / MAexp20: | +7.35% | |
| Price / MAexp50: | +8.78% | |
| Price / MAexp100: | +9.10% |
Quotes :
02/28/2025 - 15:42
-
15 min delayed data
-
NASDAQ Stocks
News
The last news published on ERIE INDEMNITY CO. at the time of the generation of this analysis was as follows:
- 02/27/2025 - 21:15 Erie Indemnity Reports Full Year and Fourth Quarter 2024 Results
- 02/03/2025 - 20:00 Erie Indemnity to host fourth quarter and year-end 2024 pre-recorded conference call and webcast
- 12/12/2024 - 21:05 Erie Indemnity Approves Management Fee Rate and Dividend Increase, Declares Regular Dividends
- 10/31/2024 - 20:15 Erie Indemnity Reports Third Quarter 2024 Results
- 10/02/2024 - 18:15 Erie Indemnity to host third quarter 2024 pre-recorded conference call and webcast
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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