RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ERII
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Energy Recovery stock price down 0.0633% on Thursday
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Loss -0.06% PDF

The Energy Recovery stock price fell by -0.0633% on the last day (Thursday, 28th Mar 2024) from $15.80 to $15.79. During the last trading day the stock fluctuated 2.26% from a day low at $15.64 to a day high of $15.99. The price has risen in 6 of the last 10 days and is up by 11.43% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 311 thousand shares were bought and sold for approximately $4.91 million.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $15.92 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -15.92% during the next 3 months and, with a 90% probability hold a price between $10.81 and $13.38 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ERII Signals & Forecast

The Energy Recovery stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $15.42 and $15.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 23, 2024, and so far it has risen 12.46%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Energy Recovery stock

Energy Recovery finds support from accumulated volume at $15.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.353 between high and low, or 2.26%. For the last week, the stock has had daily average volatility of 3.01%.

Our recommended stop-loss: $15.02 (-4.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (ERII) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Energy Recovery to open at $15.81, and during the day (based on 14 day Average True Range), to move between $15.17 and $16.41, which gives a possible trading interval of +/-$0.616 (+/-3.90%) up or down from last closing price. If Energy Recovery takes out the full calculated possible swing range there will be an estimated 7.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $16.09 (1.90%) than the support at $15.11 (4.31%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Energy Recovery stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.637 Buy Candidate Unchanged

Predicted Opening Price for Energy Recovery of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$15.81 ( 0.0986%) $15.79

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ERII

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 16.16 2.34 %
R2 16.02 1.48 %
R1 15.94 0.95 %
Current price: 15.79
Support S1 15.67 -0.756 %
S2 15.59 -1.28 %
S3 15.45 -2.14 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 17.08 8.17 %
R2 16.98 7.54 %
R1 16.09 1.90 %
Current price 15.79
Support S1 15.11 -4.31%
S2 14.82 -6.14%
S3 14.76 -6.52%

FAQ

What is the symbol for Energy Recovery Stock and on which exchange is it traded?
The symbol for Energy Recovery is ERII and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Energy Recovery Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Energy Recovery Stock?
Energy Recovery Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Energy Recovery Stock.

What's the current price of Energy Recovery Stock?
As of the end of day on the 2024-03-28, the price of an Energy Recovery (ERII) share was $15.79.

What is the 52-week high and low for Energy Recovery Stock?
The 52-week high for Energy Recovery Stock is $30.76 and the 52-week low is $13.95.

What is the market capitalization of Energy Recovery Stock?
As of the 2024-03-28, the market capitalization of Energy Recovery is 901.84M.

When is the next earnings date for Energy Recovery?
The upcoming earnings date for Energy Recovery is May 01, 2024.
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About Energy Recovery

Energy Recovery Energy Recovery, Inc., together with its subsidiaries, designs, manufactures, and sells various solutions for the seawater reverse osmosis desalination and industrial wastewater treatment industries worldwide. The company operates through Water and Emerging Technologies segments. It offers a suite of products, including energy recovery devices, and high-pressure feed and recirculation pumps; hydraulic turbochargers and boosters; and spare parts, ... ERII Profile

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