Okeanis Eco Tankers Corp. (NYSE:ECO) has been identified through a screen combining Mark Minervini’s Trend Template with a High Growth Momentum (HGM) filter. This approach first ensures the stock meets strict technical criteria for a strong uptrend—such as moving average alignment, price proximity to highs, and high relative strength—before layering in growth metrics like accelerating earnings and sales. The goal is to pinpoint stocks with both the technical momentum and fundamental acceleration that tend to produce outsized returns in trending markets.
Technical Trend Template Compliance
Okeanis Eco Tankers Corp. (NYSE:ECO) passes all eight of Minervini’s Trend Template criteria, a critical first step that filters out weak or lagging stocks and focuses only on those in confirmed uptrends.
Moving Average Alignment
- Current price above all key moving averages: At $53.11, ECO trades above its 50-day SMA ($49.18), 150-day SMA ($39.68), and 200-day SMA ($36.22). This confirms the stock is in a sustained uptrend.
- 50-day SMA above 150-day and 200-day SMAs: The 50-day average ($49.18) sits well above both the 150-day ($39.68) and 200-day ($36.22), signaling accelerating momentum.
- 200-day SMA rising: The 200-day average has ticked up from $36.07 to $36.22, showing the long-term trend remains positive.
52-Week Range Positioning
- Current price at least 30% above 52-week low: At $53.11, ECO is 150% above its 52-week low of $21.27, easily exceeding the 30% threshold. This suggests strength underlying the move.
- Current price within 25% of 52-week high: At $53.11, ECO is within 7.3% of its 52-week high of $57.29, indicating it’s near its highs—a hallmark of leading stocks.
Relative Strength
- Relative Strength Score (CRS): 94.68 – ECO outperforms nearly 95% of all stocks in the market, a key Minervini criterion that identifies institutional demand and sector leadership.
High Growth Momentum Fundamentals
Beyond the technical template, the screen requires a High Growth Momentum (HGM) rating of at least 4. ECO’s fundamentals reveal accelerating earnings, strong sales, and improving margins—hallmarks of high-growth companies that often precede explosive price moves.
Earnings Growth Acceleration
- EPS Growth (Q2Q): 329% year-over-year in the most recent quarter, up from 67% in the prior quarter. This acceleration is exactly what the Minervini method targets.
- EPS Growth (1Y TTM): 11.4%, but note the sharp quarterly inflection.
Sales Growth Acceleration
- Quarterly Revenue Growth (Q2Q): 48.9% year-over-year in the last quarter, reversing earlier declines. This follows negative growth in the previous three quarters, showing a clear catalyst-driven turnaround.
Profit Margins
- Profit Margin (Q): 28.7% in the latest quarter, up from 16.3% in the prior quarter and 15.3% two quarters ago. Improving margins signal pricing power and operational efficiency.
Estimate Beats
- EPS Beats (4 of last 4 quarters): 1 beat, but revenue beats in all 4 quarters, averaging 53.5% above consensus. This consistent outperformance suggests strong institutional trust.
The combination of accelerating quarterly earnings, surging revenue, and expanding margins aligns directly with Minervini’s emphasis on fundamental catalysts that attract large buyers.
Valuation and Performance Context
While ECO’s technical and fundamental trends are strong, its valuation metrics provide context for risk management.
Key Fundamentals
- EPS (TTM): $3.70
- Free Cash Flow per Share: $2.12 (TTM), though FCF growth is negative (-56% year-over-year), a potential caution for high-growth investors.
- Estimate Revisions: Recent downward revisions in EPS (-5%) and revenue (-11.4%) over three months suggest analysts are tempering expectations.
Recent Performance
- 1-Month Return: +8.4%
- 3-Month Return: +39.8%
- 6-Month Return: +63.4%
- 12-Month Return: +130.4%
The stock has delivered strong near- and long-term gains, though the 39.8% three-month run may test some investors’ entry expectations.
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Technical Report Summary
According to our technical analysis, ECO receives a Technical Rating of 10 out of 10—the highest possible score—and a Setup Rating of 7 out of 10.
- Positive factors: Both short- and long-term trends are positive. The stock outperforms 94% of all stocks yearly, and within the Oil, Gas & Consumable Fuels industry, it outperforms 90% of peers. Its yearly gains are well-distributed, not a spike.
- Neutral observation: The stock has traded in a wide range ($48.11-$54.04) over the past month, currently in the middle. Resistance may develop above.
- Setup quality: The stock shows reduced volatility and consolidation near support at $50.84, creating a potential entry zone. A stop-loss below this level (around $50.41) would limit risk to about 6.7% per trade. An entry near the 10-day high ($54.05) could capture a breakout.
The detailed technical report is available at ChartMill’s ECO Technical Analysis.
Finding More Candidates
For investors who want to run this same screen on other stocks, a pre-built screener with the Minervini Trend Template and High Growth Momentum filters is available. It returns stocks that meet both the technical and fundamental criteria in real-time. You can access the screener here: High Growth Momentum + Trend Template Screen.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Trading and investing involve risk of loss. Past performance is not indicative of future results. Always conduct your own analysis and consult with a licensed financial advisor before making any trading decisions.