Technical analysis from Erin Energy Corp. (ERN, AMEX:ERN) on the American Stock Exchange (AMEX). Download the latest price data & trading signals

Erin Energy Corp.
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Volume MACD oscillator remains positive for ERN
MACD Volume /
Volume MACD oscillator remains positive for ERN

ERN: Volume MACD Current Signal -> (1) 25 Apr: BULLISH (2) 24 Apr: BULLISH CROSSOVER (3) 23 Apr: BULLISH CROSSOVER

Closing price ($1.6250) for ERN is still below the Lower Envelope Band
Moving Average Envelope /
Closing price ($1.6250) for ERN is still below the Lower Envelope Band

[BULLISH]: Erin Energy Corp. current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 3.0020.

MACD /
ERN: Moving Average Convergence Divergence [Bearish]

[BEARISH]: Erin Energy Corp. currently has negative MACD of -0.1740. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -56.7%.

Simple Moving Average /
Simple Moving Average(5) signal continues for Erin Energy Corp. indicating downward price movement is likely

ERN: SMA Recent Trading -> (1) 25 Apr: 2.5350 (2) 24 Apr: 2.8600 (3) 23 Apr: 3.0000

Bollinger Bands /
Bollinger Band Oversold signal is still current for Erin Energy Corp. [Bullish]

[BULLISH]: Erin Energy Corp. is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. The current level is -28.1800% with a current width of 63.6900.

Ease of Movement /
Trading session closed lower on low volume for Erin Energy Corp. [Bearish]

ERN: EOM Recent Trading -> (1) 25 Apr: -119.4870 (2) 24 Apr: -72.9570 (3) 23 Apr: -9.2940

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Elder Ray Index /
Selling pressure for ERN highlights ability of sellers to drive the price downwards

[BEARISH]: Erin Energy Corp.Elder Ray Index is signalling a Bearish movementERI is -1.3420 indicating bear power. Prices are being driven below the consensus of value for ERN during the last trading session [Selling Pressure]

Stochastic oversold signal continues for Erin Energy Corp. indicating upward price movement is likely
Stochastic Oscillator /
Stochastic oversold signal continues for Erin Energy Corp. indicating upward price movement is likely

[BULLISH]: Erin Energy Corp. is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

[Short]: Exit price for ERN should be set @$0.8810
Woodie Pivot Point /
[Short]: Exit price for ERN should be set @$0.8810

Erin Energy Corp. has broken the first Woodie support point ($1.1720) [Bearish]. Look for a short limit order entry near this point. Exit price for ERN should be set @$0.8810 & short position stoploss for Erin Energy Corp. should be set at $2.6910

Short Trend /
Erin Energy Corp.: Daily Downtrend remains intact

[BEARISH]: Erin Energy Corp. is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

Volume Rate of Change /
Positive VROC for Erin Energy Corp. is a leading indicator for continued price rise

ERN: VROC Current Signal -> (1) 25 Apr: BULLISH (2) 24 Apr: BULLISH (3) 23 Apr: BEARISH CROSSOVER

Camarilla Pivot Points /
Erin Energy Corp. has broken the first Camarilla support point ($1.4720) [Bearish]

Erin Energy Corp. has broken the first Camarilla support point ($1.4720) [Bearish]. Look for a short limit order entry near this point. Exit price for ERN should be set @$1.3180 & short position stoploss for Erin Energy Corp. should be set between $1.9320 & $2.0850

Relative Strength Index for ERN is still below the oversold limit signalling a bullish movement
Relative Strength Index /
Relative Strength Index for ERN is still below the oversold limit signalling a bullish movement

[BULLISH]: Erin Energy Corp. is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. RSI is currently oversold @10.3162

Volume for Erin Energy Corp. continues to gain momentum @57.8000)
Percentage Volume /
Volume for Erin Energy Corp. continues to gain momentum @57.8000)

[BULLISH]: Erin Energy Corp. currently has positive PVO 57.8000%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -56.7%.

Volume /
ERN has achieved a new high of 437400 (751.0)

[BULLISH]: Erin Energy Corp. current volume uptrend in the first timeframe. Volume for ERN is437400 (751.0).

Close Tod Vs Range Tod /
The daily battle of control for Erin Energy Corp. was won by the sellers

[BEARISH]: Erin Energy Corp. sellers in control. This is the first day of seller commitment for Erin Energy Corp. adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 67 trading days with the closing price in the lower part of the range giving a confirmation ratio of 25.5%. Over the last month there has been 5 trading days with the closing price in the lower range giving a confirmation ratio of 27.8%. Currently this quarter, closing price has spent 5 days in the lower price range compared to 5 days in the upper range giving a ratio of 1x.

Erin Energy Corp.: Daily high performance is -9.4 % [Downtrend]
High Price /
Erin Energy Corp.: Daily high performance is -9.4 % [Downtrend]

[BEARISH]: Erin Energy Corp. current downtrend in the first timeframe. Currently, the HIGH is -9.4 %.

Weak opening from ERN has seen an decrease of -9.4 % [Downtrend]
Opening Price /
Weak opening from ERN has seen an decrease of -9.4 % [Downtrend]

[BEARISH]: Erin Energy Corp. opening price has gapped down. Currently, the OPEN is $2.4000 (-9.4 %).

Daily bar has confirmed has confirmed an ATR uptrend is intact for ERN
Average True Range /
Daily bar has confirmed has confirmed an ATR uptrend is intact for ERN

[Bullish]: Average True Range has confirmed an uptrend is present. Erin Energy Corp. has a TR of 1.0050, and an ATR(14) of 0.2460.

Low Price /
low for ERN has not surpassed the low of the previous trading session

[BULLISH]: Erin Energy Corp. current downtrend in the first timeframe. Currently, the Low is $1.4950 (-37.7 %).

Triangular Moving Average /
[Bearish]: TMA(5) is serving as a resistance line for Erin Energy Corp.

[BEARISH]: Erin Energy Corp. currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -35.0%.

Elders Force Index /
Recent trading highlights continued selling pressure is present for ERN

[BEARISH]: Erin Energy Corp. current price has highlighted recent selling pressure. Currently, the Elders Force Index is -45217.0000.

Price Range /
Erin Energy Corp.: Daily price tange is $0.9050 [Increasing Range]

ERN: Price Range Current Signal -> (1) 25 Apr: BULLISH (2) 24 Apr: BULLISH (3) 23 Apr: BEARISH

William %R oversold signal continues for Erin Energy Corp. indicating upward price movement is likely
Williams %R /
William %R oversold signal continues for Erin Energy Corp. indicating upward price movement is likely

[BEARISH]: Erin Energy Corp. is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Erin Energy Corp.: Sellers were in control all day.
Open Tod Vs Close Tod /
Erin Energy Corp.: Sellers were in control all day.

[BEARISH STRONG]: Erin Energy Corp. opened in the upper part of daily range at 100.000000000000000% & closed in the lower part of the trading range at 14.400000000000000%. This suggests the sellers were in control all day. Over the last 12 months there has been 30 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 11.4%. Over the last month there has been 2 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 11.1%.

Close Tod Vs Close Yest /
Closing price for ERN ($1.6250) signals sellers are still keener than buyers

[BEARISH]: Erin Energy Corp.sellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for ERN adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -35.0 & the greatest daily negative change this year has been -35.0. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -42.4%. This quarter, the largest downswing rally has been 5 days giving a total rally downward movement of -42.4%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 0.9x. Over the last month the average daily downward movement has been -6.200000%

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