Erie Indemnity Technical Analysis (NASDAQ:ERIE)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The ERIE stock chart pattern can give those who understand technical analysis an indication of which way ERIE stock is headed, but cannot predict with 100% certainty as to what can happen to the Erie Indemnity stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Erie Indemnity. Technical analysis uses an approach for Erie Indemnity stock analysis that does not care for the fair value of a company but uses price and volume data only.
Erie Indemnity Moving Average
Moving averages show the ERIE stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $116.39 is below the price of $119.87.
Erie Indemnity Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Erie Indemnity. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $119.87 is in the upper range of Erie Indemnity bollinger bands.
Erie Indemnity Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Erie Indemnity MACD indicator is below 0 indicating a bearish trend.
Erie Indemnity Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 68.41 is the RSI value of ERIE stock.