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Erie Indemnity Company Stock Forecast NASDAQ:ERIE

$209.19 (-1.34%)

Volume: 58k

Closed: Nov 26, 2021

Hollow Logo Score: -2.964

Erie Indemnity Company Stock Forecast

$209.19 (-1.34%)

Volume: 58k

Closed: Nov 26, 2021

Score Hollow Logo -2.964
Which way will ERIE go? Request
Key Stats
P/E Ratio 31.62
Beta 0.59
Trailing Dividend Rate 1.96% ($4.11)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 28 and the stock is currently not being overbought or oversold

Weaker technical forecast for Erie Indemnity Company as stock downgraded to Sell Candidate.
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Erie Indemnity Company stock price fell by -1.34% on the last day (Friday, 26th Nov 2021) from $212.04 to $209.19. and has now fallen 4 days in a row. During the day the stock fluctuated 1.71% from a day low at $208.48 to a day high of $212.04. The price has fallen in 8 of the last 10 days and is down by -9.32% for this period. 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 -69 thousand shares and in total, 58 thousand shares were bought and sold for approximately $12.03 million.

Given the current short-term trend, the stock is expected to rise 30.12% during the next 3 months and, with a 90% probability hold a price between $272.20 and $311.61 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Erie Indemnity Company stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $215.84 and $209.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, November 11, 2021, and so far it has fallen -9.32%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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

Erie Indemnity Company finds support from accumulated volume at $206.67 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 $3.56 between high and low, or 1.71%. For the last week, the stock has had a daily average volatility of 2.40%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Erie Indemnity Company stock A Buy?

The Erie Indemnity Company stock holds several negative signals and despite the positive trend, we believe Erie Indemnity Company will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.964

Predicted Opening Price for Erie Indemnity Company of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$209.90 $209.19 (Undervalued)
Sell Candidate Downgraded

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Volatility and Risk
Daily Average Volatility: 2.40 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.40 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $212.04
Price: $209.19
Support: $206.67

ERIE Insider Trading Show all Trades

INSIDER POWER

35.824

Last 100 transactions
Buy: 14 330 | Sell: 400 (Shares)
Date Action Amount Person Type
Oct 31, 2021 Buy 1 Smith Douglas Edward Class A Common Stock
Oct 31, 2021 Buy 2 Pelkowski Julie Marie Class A Common Stock
Oct 31, 2021 Buy 1 Gutting Gregory J Class A Common Stock
Oct 31, 2021 Buy 2 Feltz Lorianne Class A Common Stock
Oct 31, 2021 Buy 0 Colaizzo Louis F Class A Common Stock
Show all Insider Trades
INSIDER POWER

35.824

Last 100 transactions
Buy: 14 330 | Sell: 400 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 213.46 2.04 %
212.10 1.39 %
211.26 0.99 %
Current price: 209.19
Support 208.54 -0.31 %
207.70 -0.71 %
206.35 -1.36 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 215.78 3.15 %
212.46 1.56 %
212.04 1.36 %
Current price 209.19
Support 206.67 -1.20%
184.06 -12.01%
183.22 -12.41%

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About Erie Indemnity Company

Erie Indemnity Company Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, and policy issuance services for the policyholders on behalf of the Erie Insurance Exchange. Its sales related services include agent compensation, and certain sales and advertising support services; and underwriting services comprise underwriting and policy processing ex... Read more

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