ECOPETROL SA-SPONSORED ADR (EC) Stock Technical Analysis
USA - NYSE:EC - US2791581091 - ADR
Taking everything into account, EC scores 9 out of 10 in our technical rating. 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.
Although EC has an excellent technical rating, it 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.
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8.07
When analyzing the support we can see 5 important areas.
- A support zone ranging from 9.25 to 9.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.03 from a trend line in the weekly time frame.
- A support zone ranging from 8.60 to 8.85. 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.
- Support @8.15 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.02 to 10.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 83.59 | POSITIVE | EC has a high relative strength, it outperformed 83.59% 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) | 64.93 | NEUTRAL | The RSI value for EC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests EC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.91 | OVERBOUGHT | The high Stochastics value suggests EC may be overbought. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for EC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.74 | NEUTRAL | The ADX value for EC suggests a possible start of a new trend. |
10.01
-0.16 (-1.57%)
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 9 / 10 to EC.
What is the current trend direction of ECOPETROL SA-SPONSORED ADR (EC) stock?
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 64.9287. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ECOPETROL SA-SPONSORED ADR?
The buy/sell signal for ECOPETROL SA-SPONSORED ADR (EC) is buy as both the short term and long term trends are positive.
What is the support and resistance level for EC stock?
ECOPETROL SA-SPONSORED ADR (EC) has a support level at 9.39 and a resistance level at 10.02. Check the full technical report for our detailed analysis of EC support and resistance levels.