Technical Analysis for ERII - Energy Recovery, Inc.

Grade Last Price % Change Price Change
D 21.34 0.23% 0.05
ERII closed up 0.23 percent on Monday, September 25, 2023, on 1.45 times normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Very Strong Down Down Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Doji - Bullish? Reversal 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Outside Day Range Expansion 0.23%
Wide Bands Range Expansion 0.23%
Down 3 Days in a Row Weakness 0.23%
Down 4 Days in a Row Weakness 0.23%
Down 5 Days in a Row Weakness 0.23%

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Alert Time
60 Minute Opening Range Breakout about 2 hours ago
Reversed from Down about 3 hours ago
Down 3% about 5 hours ago
Lower Bollinger Band Support about 5 hours ago
Down 1 ATR about 5 hours ago

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Energy Recovery, Inc. Description

Energy Recovery, Inc. designs, manufactures, and sells energy recovery devices (ERDs) that harness the reusable energy from industrial fluid flows and pressure cycles in the United States and internationally. Its ERDs comprise energy recovery devices and turbochargers for water desalination; turbochargers designed for low-pressure brackish and high-pressure seawater reverse osmosis systems; and pumps ranging from high-pressure multi- and single-stage centrifugal pumps to circulation and high-speed pumps. The company also offers complete energy recovery systems comprising turbines and industrial pumps for oil and gas operators; and energy generating systems that enable oil and gas operators to capture hydraulic energy and generate electricity from high-pressure fluid flows. Energy Recovery, Inc. sells its products under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AquaBold, AquaSpire, IsoBoost, and IsoGen trademarks. It serves engineering, procurement, and construction firms that design and build large desalination plants; and various original equipment manufacturers, which supply equipment and packaged solutions for small to medium-sized desalination plants, as well as oil and gas solutions to mid-stream gas companies. The company markets and sells its products through its sales organization and through authorized, independent sales agents. Energy Recovery, Inc. was founded in 1992 and is headquartered in San Leandro, California.


Sector: Industrials
Industry: Pollution & Treatment Controls
Keywords: Electricity Turbines Membrane Technology Pump Filter Water Treatment Oil And Gas Operators Desalination Recovery Systems Turbocharger Reverse Osmosis Energy Recovery Systems Usable Energy Water Desalination

Is ERII a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 30.76
52 Week Low 17.32
Average Volume 418,611
200-Day Moving Average 24.34
50-Day Moving Average 26.85
20-Day Moving Average 24.28
10-Day Moving Average 22.66
Average True Range 0.76
RSI (14) 18.70
ADX 50.92
+DI 6.86
-DI 47.23
Chandelier Exit (Long, 3 ATRs) 25.71
Chandelier Exit (Short, 3 ATRs) 22.79
Upper Bollinger Bands 28.32
Lower Bollinger Band 20.24
Percent B (%b) 0.14
BandWidth 33.26
MACD Line -1.52
MACD Signal Line -1.28
MACD Histogram -0.244
Fundamentals Value
Market Cap 1.2 Billion
Num Shares 56.1 Million
EPS 0.39
Price-to-Earnings (P/E) Ratio 54.58
Price-to-Sales 5.48
Price-to-Book 3.72
PEG Ratio 1.09
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 22.63
Resistance 3 (R3) 22.49 21.93 22.42
Resistance 2 (R2) 21.93 21.60 22.00 22.34
Resistance 1 (R1) 21.63 21.40 21.78 21.77 22.27
Pivot Point 21.07 21.07 21.14 21.14 21.07
Support 1 (S1) 20.77 20.74 20.92 20.91 20.41
Support 2 (S2) 20.21 20.54 20.28 20.34
Support 3 (S3) 19.91 20.21 20.27
Support 4 (S4) 20.05