14-day Premium Trial Subscription Sign Up For FreeGet Free

Erie Indemnity Company Stock Forecast NASDAQ:ERIE

$174.75 (-0.33%)

Volume: 51k

Closed: Jan 21, 2022

Hollow Logo Score: -3.307

Erie Indemnity Company Stock Forecast

$174.75 (-0.33%)

Volume: 51k

Closed: Jan 21, 2022

Score Hollow Logo -3.307
Which way will ERIE go? Request
Key Stats
P/E Ratio 26.50
Beta 0.71
Trailing Dividend Rate 2.38% ($4.18)
* 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 ] The Erie Indemnity Company stock currently holds an RSI14 at 22 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

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: -3.307

Sell 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
$176.17 $174.75 (Undervalued)

Remember To Visit Our YouTube Channel

Volatility and Risk
Daily Average Volatility: 2.99 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.99 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $185.52
Price: $174.75
No Support Found

ERIE Insider Trading Show all Trades

INSIDER POWER

92.884

Last 100 transactions
Buy: 12 723 | Sell: 400 (Shares)
Date Action Amount Person Type
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
Show all Insider Trades
INSIDER POWER

92.884

Last 100 transactions
Buy: 12 723 | Sell: 400 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 180.42 3.24 %
178.79 2.31 %
177.79 1.74 %
Current price: 174.75
Support 174.54 -0.12 %
173.54 -0.69 %
171.92 -1.62 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 187.52 7.31 %
185.81 6.33 %
185.52 6.16 %
Current price 174.75
Support 0 .
0 .
0 .

Click to get the best stock tips daily for free!

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

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

Get access to Golden Star list now!

StockInvest.usJoin 100 000+ Happy Subscribers

Don't miss out on the runners!

Get The StockInvest.Us Newsletter

StockInvest.usStock Podcast

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT