ECOPETROL SA-SPONSORED ADR (EC) Stock Technical Analysis
NYSE:EC - US2791581091 - ADR
9.4 USD
+0.09 (+0.97%)
9.41 USD
+0.01 (+0.11%)
We assign a technical rating of 5 out of 10 to EC. EC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month EC has a been trading in the 8.29 - 9.42 range, which is quite wide. It is currently trading near the high of this range.
EC has an average volume of 2189430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, EC turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
EC is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, EC did better than 51% of them.
EC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EC is lagging the market.
EC has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
8.06
10.54
We found 3 important support areas.
- Support @9.39 from a trend line in the weekly time frame.
- A support zone ranging from 8.85 to 9.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.14 to 8.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @10.44 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 | NEUTRAL | NEUTRAL | The long term trend for EC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EC is up. |
| ChartMill Relative Strength | 46.25 | NEUTRAL | EC is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of EC is above a declining 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) | 69.45 | NEUTRAL | The RSI value for EC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests EC has a positive trend. |
| Stochastics (14,3) | 97.9 | OVERBOUGHT | The high Stochastics value suggests EC may be overbought. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for EC suggests low volalility. |
| Average Directional Index/ADX (14) | 26.44 | 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)
9.4
+0.09 (+0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.97%
1 Week2.29%
2 Weeks5.5%
1 Month13.39%
3 Month10.98%
6 Month-4.86%
12 Month-4.47%
2 Year-19.52%
3 Year-8.83%
5 Year-17.47%
10 Year-10.31%
15 Year-75.73%
Volatility
ATR(14)0.18
ATR(20)%1.88%
ATR Inc-24.68%
Range Today0.12
ADR(20)0.17
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.25
Mansfield-0.32
10 Day High9.42
10 Day Low8.79
20 Day High9.42
20 Day Low8.29
52 Week High11.05
52 Week Low7.21
CS1 End9.39
CR1 Start10.44
Volume & EV
DER(3)10.9%
DER(5)5.5%
Volume1.47M
Volume Incr-28.96%
Vol(5)1.50M
Vol(50)2.19M