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Stock Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

Energy Recovery, Inc. (NASDAQ:ERII)

Sidelines Mode (+55) - ERII is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ERII?

MarketClub looks at technical strength and momentum to determine if the timing is right for ERII.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_ERII
Open High Low ERII Price Change
18.70 19.08 18.57 18.96 +0.24
Entry Signal

MarketClub’s Trade Triangles for ERII

long term down The long-term trend has been DOWN since Sep 18th, 2023 at 22.88

intermediate term up The intermediate-term trend has been UP since Nov 14th, 2023 at 18.63

short term down The short-term trend has been DOWN since Nov 21st, 2023 at 19.19

Smart Scan Analysis for ERII

Based on our trend formula, ERII is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for ERII
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.70 19.08 18.57 18.96 +0.24
Prev. Close Volume Bid Ask Time
18.93 189643 2023-11-28 15:59:59
Year High10.25Year High Date2018-08-09
Year Low6.17Year Low Date2018-02-27
52wk High30.7652wk High Date2023-07-19
52wk Low14.0452wk Low Date2023-10-30
Year End Close3.4Average Volume604,340
Shares Outstanding56,518Short Interest2,447,344
% Institutional39Market Cap580M
Assets222,661,000MLiabilities28,632,000M
P/E Ratio69.3333Beta0.89
Volatility61.76
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