ERG - Daily - Technical analysis published on 10/13/2019 (GMT)
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- Timeframe : Daily
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- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bullish
Technical indicators
17%
56%
28%
My opinion
Neutral between 17.59 EUR and 18.07 EUR
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 18.07 EUR. The first support is located at 17.59 EUR. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
Technical indicators are bearish in the very shrot term and could soon allow change to a bearish sentiment.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ERG price is 18.04 EUR. The price has increased by +1.24% since the last closing and was between 17.79 EUR and 18.04 EUR. This implies that the price is at +1.41% from its lowest and at 0% from its highest.17.79
18.04
18.04
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ERG in Daily shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.56 | 16.90 | 17.59 | 18.04 | 18.07 | 18.35 | 18.60 |
| Change (%) | -8.20% | -6.32% | -2.49% | - | +0.17% | +1.72% | +3.10% |
| Change | -1.48 | -1.14 | -0.45 | - | +0.03 | +0.31 | +0.56 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Major |
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 | 17.81 | 17.99 | 18.12 | 18.30 | 18.43 | 18.61 | 18.74 |
| Camarilla | 18.16 | 18.18 | 18.21 | 18.24 | 18.27 | 18.30 | 18.33 |
| Woodie | 17.78 | 17.98 | 18.09 | 18.29 | 18.40 | 18.60 | 18.71 |
| Fibonacci | 17.99 | 18.11 | 18.19 | 18.30 | 18.42 | 18.50 | 18.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.42 | 17.88 | 18.22 | 18.68 | 19.02 | 19.48 | 19.82 |
| Camarilla | 18.35 | 18.42 | 18.50 | 18.57 | 18.64 | 18.72 | 18.79 |
| Woodie | 17.37 | 17.85 | 18.17 | 18.65 | 18.97 | 19.45 | 19.77 |
| Fibonacci | 17.88 | 18.18 | 18.37 | 18.68 | 18.98 | 19.17 | 19.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.17 | 16.89 | 17.70 | 18.42 | 19.23 | 19.95 | 20.76 |
| Camarilla | 18.08 | 18.22 | 18.36 | 18.50 | 18.64 | 18.78 | 18.92 |
| Woodie | 16.21 | 16.91 | 17.74 | 18.44 | 19.27 | 19.97 | 20.80 |
| Fibonacci | 16.89 | 17.48 | 17.84 | 18.42 | 19.01 | 19.37 | 19.95 |
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): | 44.08 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | -3.73 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 18.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.76 | |
| Elder Ray (13): | -0.24 | |
| Super Trend (3,10): | 17.69 | |
| Zig ZAG (10): | 17.94 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 32.39 | |
| TEMA (21): | 18.25 | |
| Williams %R (14): | -84.40 | |
| Chande Momentum Oscillator (20): | -0.70 | |
| Repulse (5,40,3): | -2.4100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 4.38 |
| MA7: | 18.15 | |
| MA20: | 18.45 | |
| MA50: | 17.97 | |
| MA100: | 17.98 | |
| MAexp7: | 18.20 | |
| MAexp20: | 18.28 | |
| MAexp50: | 18.13 | |
| MAexp100: | 17.89 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | -2.22% | |
| Price / MA50: | +0.39% | |
| Price / MA100: | +0.33% | |
| Price / MAexp7: | -0.88% | |
| Price / MAexp20: | -1.31% | |
| Price / MAexp50: | -0.50% | |
| Price / MAexp100: | +0.84% |
News
The last news published on ERG at the time of the generation of this analysis was as follows:
ERGThis member declared not having a position on this financial instrument or a related financial instrument.
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