US2791581091 - ADR
12.72 +0.35 (+2.83%)
After market: 12.63 -0.09 (-0.71%)
Overall EC gets a technical rating of 9 out of 10. Both in the recent history as in the last year, EC has proven to be a steady performer, scoring decent points in every aspect analyzed.
EC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 12.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.19, a Stop Loss order could be placed below this zone.
We found 5 important support areas.
When analyzing the resistance we notice one important area.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
|An entry @12.92. This is a Buy Stop order right above the resistance zone.||An exit @12.27. This is a Stop Loss order right below the 10 day low.||The trade has a worst case loss of 0.65 points, which is 5.03%.||When investing 19.88% of your capital in this trade, your total portfolio risk will be 1.00%.|
ECOPETROL SA-SPONSORED ADR
NYSE:EC (12/8/2023, 7:04:00 PM)After market: 12.63 -0.09 (-0.71%)