Erie Indemnity Stock Technical Analysis

ERIE Stock  USD 401.57  6.60  1.62%   
As of the 28th of March, Erie Indemnity shows the Mean Deviation of 1.05, downside deviation of 1.2, and Coefficient Of Variation of 506.19. Erie Indemnity technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to collect and analyze data for nineteen technical drivers for Erie Indemnity, which can be compared to its rivals. Please confirm Erie Indemnity standard deviation, value at risk, kurtosis, as well as the relationship between the jensen alpha and semi variance to decide if Erie Indemnity is priced favorably, providing market reflects its regular price of 401.57 per share. Given that Erie Indemnity has jensen alpha of 0.2844, we urge you to verify Erie Indemnity's prevailing market performance to make sure the company can sustain itself at a future point.

Erie Indemnity Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Erie, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Erie
  
Erie Indemnity's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Erie Indemnity Analyst Consensus

Target PriceAdvice# of Analysts
115.0Strong Buy1Odds
Erie Indemnity current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Erie analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Erie stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Erie Indemnity, talking to its executives and customers, or listening to Erie conference calls.
Erie Analyst Advice Details
Erie Indemnity technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Erie Indemnity technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Erie Indemnity trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Erie Indemnity Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Erie Indemnity volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Erie Indemnity Trend Analysis

Use this graph to draw trend lines for Erie Indemnity. You can use it to identify possible trend reversals for Erie Indemnity as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Erie Indemnity price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Erie Indemnity Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Erie Indemnity applied against its price change over selected period. The best fit line has a slop of   1.66  , which means Erie Indemnity will continue generating value for investors. It has 122 observation points and a regression sum of squares at 104002.3, which is the sum of squared deviations for the predicted Erie Indemnity price change compared to its average price change.

About Erie Indemnity Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Erie Indemnity on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Erie Indemnity based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Erie Indemnity price pattern first instead of the macroeconomic environment surrounding Erie Indemnity. By analyzing Erie Indemnity's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Erie Indemnity's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Erie Indemnity specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Price Earnings Ratio33.8343.5739.5520.2
Short Term Coverage Ratios191.990.710.820.78

Erie Indemnity March 28, 2024 Technical Indicators

Most technical analysis of Erie help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Erie from various momentum indicators to cycle indicators. When you analyze Erie charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Erie Indemnity March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Erie stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Erie Indemnity is a strong investment it is important to analyze Erie Indemnity's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Erie Indemnity's future performance. For an informed investment choice regarding Erie Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erie Indemnity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Complementary Tools for Erie Stock analysis

When running Erie Indemnity's price analysis, check to measure Erie Indemnity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Erie Indemnity is operating at the current time. Most of Erie Indemnity's value examination focuses on studying past and present price action to predict the probability of Erie Indemnity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erie Indemnity's price. Additionally, you may evaluate how the addition of Erie Indemnity to your portfolios can decrease your overall portfolio volatility.
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Is Erie Indemnity's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Erie Indemnity. If investors know Erie will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Erie Indemnity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.697
Dividend Share
4.845
Earnings Share
8.53
Revenue Per Share
70.773
Quarterly Revenue Growth
0.167
The market value of Erie Indemnity is measured differently than its book value, which is the value of Erie that is recorded on the company's balance sheet. Investors also form their own opinion of Erie Indemnity's value that differs from its market value or its book value, called intrinsic value, which is Erie Indemnity's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Erie Indemnity's market value can be influenced by many factors that don't directly affect Erie Indemnity's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Erie Indemnity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Erie Indemnity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erie Indemnity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.