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Is ERII likely to continue higher? Hammer Candlestick shows up after sinking 2.09%

Energy Recovery, Inc. (ERII) — Daily Technical Analysis & Swing Trading Signals · Aug 20, 2026, 17:41 ET
ERII closed down 2.09% on Thursday, August 20th, with volume running 0.1× below average. Multiple bullish signals emerged — Hammer, Hammer Candlestick & Stochastic Reached Oversold — suggesting potential strength ahead. Key support levels exist at 7.62, 7.49 & 7.4, with resistance at 7.84, 7.93 & 8.06. Slow Stochastic readings suggest the stock is currently oversold.

Current SwingTradeBot Technical Rating of ERII: F

This might just be the start. See what else showed up for ERII today.

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Energy Recovery, Inc. (ERII)