ECOPETROL SA-SPONSORED ADR (EC) Stock Technical Analysis
USA - NYSE:EC - US2791581091 - ADR
8.74 USD
-0.3 (-3.32%)
8.9082 USD
+0.17 (+1.92%)
We assign a technical rating of 2 out of 10 to EC. EC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month EC has a been trading in the 8.72 - 9.67 range, which is quite wide. It is currently trading near the lows of this range.
EC has an average volume of 1856610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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 55% of all stocks.
EC is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 65% of 211 stocks in the same industry.
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 a poor technical rating and the quality of the setup is also only medium 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
9.94
2 important support areas can be observed.
- A support zone ranging from 8.45 to 8.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.14 to 8.15. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 8.85 to 9.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.42 to 9.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.64 from a horizontal line in the daily time frame.
- Resistance @9.84 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 | NEUTRAL | NEUTRAL | The long term trend for EC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EC is down. |
| ChartMill Relative Strength | 55.43 | NEUTRAL | EC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of EC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.55 | NEUTRAL | The RSI value for EC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests EC has a negative trend. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for EC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for EC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.8 | NEGATIVE | The low ADX value for EC suggests a weak or negative 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)
8.74
-0.3 (-3.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-3.32%
1 Week-3.85%
2 Weeks-4.59%
1 Month-3%
3 Month1.86%
6 Month-5.92%
12 Month7.9%
2 Year-25.99%
3 Year-11.36%
5 Year-5.51%
10 Year-6.22%
15 Year-81.69%
Volatility
ATR(14)0.2
ATR(20)%2.4%
ATR Inc16.81%
Range Today0.23
ADR(20)0.18
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.43
Mansfield-1.18
10 Day High9.16
10 Day Low8.72
20 Day High9.67
20 Day Low8.72
52 Week High11.05
52 Week Low7.21
CS1 End8.66
CR1 Start8.85
Volume & EV
DER(3)3.85%
DER(5)4.74%
Volume2.36M
Volume Incr7.85%
Vol(5)2.06M
Vol(50)1.86M