Energy Recovery's 15min chart displays KDJ Golden Cross, Bullish Marubozu pattern.

Based on the 15-minute chart of Energy Recovery, a significant bullish signal has been observed with the KDJ Golden Cross and a Bullish Marubozu pattern on August 15, 2025, at 12:15. This indicates a shift in momentum towards the upside, suggesting a potential for further price appreciation. With buyers firmly in control of the market, the bullish momentum is likely to persist.

Energy Recovery (ERII) has exhibited significant bullish signals on its 15-minute chart, indicating a potential upward trend. On August 15, 2025, at 12:15, the stock triggered a KDJ Golden Cross and a Bullish Marubozu candlestick pattern. These indicators suggest a shift in momentum towards the upside, with buyers firmly in control of the market. The bullish momentum is likely to persist, presenting an opportunity for further price appreciation.

The KDJ Golden Cross, a bullish indicator, occurs when a shorter-term moving average crosses above a longer-term moving average. This pattern signals a potential bullish trend [1]. The Bullish Marubozu candlestick pattern further reinforces this signal, indicating strong buying pressure and a likely continuation of the upward movement.

Energy Recovery's stock has shown notable movements, with a price increase of 0.583% on Wednesday, August 6, 2025, following a period of price fluctuation and a -5.03% loss over the last two weeks. The increase in trading volume on the last day, totaling 124,000 shares, is a positive technical sign, indicating higher liquidity and reduced risk [1]. Despite the positive signals, Energy Recovery has yet to reclaim its key resistance level of $13.06. The stock’s performance at this level could influence wider market behavior. Investors are watching for strong volume confirmation to avoid the risk of a potential false breakout. However, the recent price structure and patterns suggest potential upside [1].

In conclusion, the technical indicators suggest that Energy Recovery may be positioned for a significant move in the ongoing cycle. The formation of a golden cross and the recovery in RSI indicate a potential shift in momentum towards an upward trajectory. Investors should monitor Energy Recovery’s performance closely, especially around key resistance levels, for potential growth opportunities.

References:
[1] https://www.ainvest.com/news/digimarc-15-minute-chart-rsi-oversold-kdj-golden-cross-2508/