ECOPETROL SA-SPONSORED ADR (EC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:EC • US2791581091
Overall EC gets a technical rating of 10 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, EC did better than 82% of all other stocks.
- EC is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 75% of 206 stocks in the same industry.
- EC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EC is lagging the market slightly.
- EC has an average volume of 2684570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month EC has a been trading in the 10.71 - 13.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, EC also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
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5 important support areas can be observed.
- Support @11.72 from a horizontal line in the daily time frame.
- A support zone ranging from 9.61 to 9.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.16 from a trend line in the daily time frame.
- A support zone ranging from 8.85 to 8.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.45 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.48 to 12.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.09 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for EC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EC is up. |
| ChartMill Relative Strength | 82.91 | POSITIVE | EC has a high relative strength, it outperformed 82.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.68 | NEUTRAL | The RSI value for EC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests EC has a negative trend. |
| Stochastics (14,3) | 29.32 | NEUTRAL | The Stochastics value for EC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for EC suggests some volalility. |
| Average Directional Index/ADX (14) | 29.59 | POSITIVE | The high ADX value value for EC suggests a strong trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.59 | 11.71 | 0.88 (6.99%) | 14.31% |
| An entry @12.59. This is a Buy Stop order right above the resistance zone. | An exit @11.71. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.88 points, which is 6.99%. | For a 1.00% total portfolio risk, you can invest 14.31% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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+0.5 (+4.26%)
ECOPETROL SA-SPONSORED ADR / EC FAQ
What is the ChartMill technical rating of ECOPETROL SA-SPONSORED ADR (EC) stock?
ChartMill assigns a technical rating of 10 / 10 to EC.
Can you provide the trend direction for ECOPETROL SA-SPONSORED ADR?
The current trend direction for ECOPETROL SA-SPONSORED ADR (EC) is Bullish.
Can you provide the RSI signal for ECOPETROL SA-SPONSORED ADR?
ECOPETROL SA-SPONSORED ADR (EC) has an RSI value of 56.6835. This indicates that the stock is currently neutral.
What is the MACD signal for ECOPETROL SA-SPONSORED ADR (EC) stock?
The MACD indicator for ECOPETROL SA-SPONSORED ADR (EC) has a value of -0.134388, indicating a bearish trend.
What is the buy/sell signal for ECOPETROL SA-SPONSORED ADR (EC) stock?
The buy/sell signal for ECOPETROL SA-SPONSORED ADR (EC) is buy as both the short term and long term trends are positive.