ERC in upward trend: 10-day moving average crossed above 50-day moving average on November 13, 2023
The 10-day moving average for ERC crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 24, 2023. You may want to consider a long position or call options on ERC as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for ERC just turned positive on November 01, 2023. Looking at past instances where ERC's MACD turned positive, the stock continued to rise in of 37 cases over the following month. The odds of a continued upward trend are .
ERC moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ERC advanced for three days, in of 357 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 278 cases where ERC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for ERC moved out of overbought territory on November 09, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ERC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ERC broke above its upper Bollinger Band on November 02, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
Industry description
General Information
Category Unknown
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| PMIAX | 9.74 | 0.04 | +0.41% |
| Putnam Multi-Asset Income A | |||
| AICGX | 31.02 | 0.03 | +0.10% |
| American Century Discplnd Cor Val R5 | |||
| WFPRX | 45.14 | N/A | N/A |
| Allspring Special Mid Cap Value R6 | |||
| MIIOX | 18.40 | -0.01 | -0.05% |
| Marsico International Opportunities Inst | |||
| VCGEX | 5.61 | -0.03 | -0.53% |
| VALIC Company I Emerg Economies | |||
ERC and
Correlation & Price change
A.I.dvisor indicates that over the last year, ERC has been loosely correlated with EVV. These tickers have moved in lockstep 56% of the time. This A.I.-generated data suggests there is some statistical probability that if ERC jumps, then EVV could also see price increases.