ECOPETROL SA-SPONSORED ADR (EC) Stock Technical Analysis
NYSE:EC - New York Stock Exchange, Inc. - US2791581091 - ADR - Currency: USD
Overall EC gets a technical rating of 0 out of 10. EC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
82% of all other stocks performed better in the past year than EC.
EC is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 65% of 213 stocks in the same industry do better.
EC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EC is lagging the market.
In the last month EC has a been trading in the 7.79 - 8.78 range, which is quite wide. It is currently trading near the high of this range.
EC has an average volume of 2685850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
EC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 8.32, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.86
12.70
2 important support areas can be observed.
- A support zone ranging from 8.24 to 8.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.94 from a trend line in the daily time frame.
5 important resistance areas can be observed.
- Resistance @9.30 from a horizontal line in the daily time frame.
- Resistance @9.79 from a trend line in the weekly time frame.
- Resistance @10.25 from a trend line in the daily time frame.
- Resistance @10.94 from a horizontal line in the daily time frame.
- Resistance @12.57 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for EC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EC is down. |
| ChartMill Relative Strength | 18.18 | NEGATIVE | EC has a low relative strength, it was outperformed by 81.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.12 | NEUTRAL | The RSI value for EC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests EC has a positive trend. |
| Stochastics (14,3) | 73.71 | NEUTRAL | The Stochastics value for EC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for EC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.55 | POSITIVE | The high ADX value value for EC suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.61
+0.14 (+1.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.65%
1 Week0.12%
2 Weeks5.51%
1 Month-7.32%
3 Month-17.45%
6 Month3.36%
12 Month-27.77%
2 Year-5.18%
3 Year-49.05%
5 Year-17.29%
10 Year-40.62%
15 Year-68.53%
Volatility
ATR(14)0.24
ATR(20)%3.28%
ATR Inc-13.13%
Range Today0.23
ADR(20)0.25
ADR(20)%2.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.18
Mansfield-1.03
10 Day High8.77
10 Day Low8.18
20 Day High8.78
20 Day Low7.8
52 Week High12.67
52 Week Low7.21
CS1 End8.32
CR1 Start9.3
Volume & EV
DER(3)7.21%
DER(5)4.45%
Volume1.26M
Volume Incr-39.85%
Vol(5)1.61M
Vol(50)2.69M