Erie Indemnity Company stock price down 0.33% on Friday
(Updated on Jan 21, 2022)
Sell candidate since 2022-01-11 Loss -8.31% PDF
The Erie Indemnity Company stock price fell by -0.33% on the last day (Friday, 21st Jan 2022) from $175.33 to $174.75. and has now fallen 6 days in a row. During the day the stock fluctuated 2.43% from a day low at $174.75 to a day high of $179.00. The price has fallen in 8 of the last 10 days and is down by -8.31% 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 -175 shares and in total, 51 thousand shares were bought and sold for approximately $8.89 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.89% during the next 3 months and, with a 90% probability hold a price between $136.16 and $169.27 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.
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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $179.60 and $189.13. 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 -24.25%. 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
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $4.25 between high and low, or 2.43%. For the last week, the stock has had a daily average volatility of 2.99%.
Erie Indemnity Company is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Erie Indemnity Company stock A Buy?
Erie Indemnity Company holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.307Sell Candidate Unchanged
Insiders are very positive buying more shares than they are selling in Erie Indemnity Company
In the last 100 trades there were 12.72 thousand shares bought and 400 shares sold. The last trade was done 2 days ago by Pelkowski Julie Marie who bough 10.54 shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside. In some cases larger purchases can be explained by due date for stock options.
Predicted Opening Price for Erie Indemnity Company of Monday, January 24, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price January 24, 2022||Current price|
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ERIE Insider Trading
|Jan 20, 2022||Buy||11||Pelkowski Julie Marie||Incentive Compensation Deferral Plan Share Credits|
|Jan 20, 2022||Buy||75||Necastro Timothy G||Incentive Compensation Deferral Plan Share Credits|
|Jan 20, 2022||Buy||32||Gutting Gregory J||Incentive Compensation Deferral Plan Share Credits|
|Jan 20, 2022||Buy||13||Feltz Lorianne||Incentive Compensation Deferral Plan Share Credits|
|Jan 20, 2022||Buy||13||Cipriani Marc||Incentive Compensation Deferral Plan Share Credits|
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
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