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Takip Edin: @UscMarketsERIE Stock Forecast & Erie Indemnity Company Chart Analysis
This article provides a detailed analysis of ERIE-Erie Indemnity Company stock including a forecast for ERIE shares. It features Erie Indemnity Company technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
ERIE Historical Data Review
ERIE Current Price Performance Analysis
The Erie Indemnity Company - ERIE stock traded on the American stock market, on 06-05-2024, closed at 360.61$ with a %-0.15 decreased compared to the previous day.
In the last month, the price of ERIE changed by %-9.97 decreased in value, from 400.53 dollars on 05-06-2024 to 360.61 dollars, decreased.
Last year, the price of ERIE was 215.03 dollars on 06-06-2023, and changed by %67.70 increased in value, to 360.61 dollars increased within a year.
The price of Erie Indemnity Company stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
ERIE with AI Stock Forecast & Price Target
On the ERIE chart Erie Indemnity Company price was recorded as 360.61 Dollars on 06/05/2024.
The artificial intelligence's forecast on ERIE stock is as follows.
The artificial intelligence's prediction error margin for ERIE stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Erie Indemnity Company stock over the next 4 months is: 460.9 Dollars.
The commentary on ERIE stock Target Price: Highest: 554.059 Dollars is predicted.
The commentary on ERIE stock Target Price: Lowest: 382.318 Dollars is predicted.
Resistance Price where Erie Indemnity Company stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-20-2024 | 389.865 |
| 10-08-2024 | 453.995 |
| 11-22-2024 | 460.278 |
| 03-07-2025 | 554.059 |
Support Price where Erie Indemnity Company stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 07-15-2024 | 382.318 |
| 10-28-2024 | 449.286 |
| 12-12-2024 | 450.956 |
| 04-01-2025 | 523.220 |
The commentary on ERIE stock: The target price can generally be said to be on the rise.
The commentary on ERIE stock: Fluctuations in the target price can be expected in the coming days.
The target price for Erie Indemnity Company stock by the end of 2024 is predicted to be 471.719 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on ERIE stock, and the 2024 target price predictions for Erie Indemnity Company are detailed above.
The technical analysis and charts for the commentary on ERIE stock are below.
ERIE Support & Resistance and Trend Analysis
ERIE stock you have reviewed the technical analysis support resistance charts regarding.
ERIE : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the ERIE review, the Erie Indemnity Company support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Erie Indemnity Company Support and Resistance Prices:
| ERIE Support Level Price | ERIE Resistance Level Price |
|---|---|
| 274.61 | 294.77 |
| 321.05 | 342.54 |
| 333.80 | 350.05 |
| 346.38 | 390.40 |
| 371.31 | 400.72 |
| 394.79 | 411.72 |
| 398.06 | 414.91 |
| 419.78 | |
| 420.34 |
ERIE Technical Analysis: SMA, RSI, MACD
Upon reviewing the ERIE chart, buy and sell signals have been generated in the Erie Indemnity Company technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for ERIE stock are as follows:- ERIE technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Erie Indemnity Company gave a 'Buy' signal when the RSI was at 26.197, with the current RSI value at 22.904.
- The technical analysis for Erie Indemnity Company indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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