ECOPETROL SA-SPONSORED ADR (EC) Stock Technical Analysis
NYSE:EC - New York Stock Exchange, Inc. - US2791581091 - ADR - Currency: USD
We assign a technical rating of 3 out of 10 to EC. 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.
When comparing the yearly performance of all stocks, EC is a bad performer in the overall market: 85% of all stocks are doing better.
EC is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 75% of 211 stocks in the same industry do better.
EC has an average volume of 2430990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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.
In the last month EC has a been trading in the 8.37 - 9.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of EC is bad and it also does not present a 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
7.97
12.70
When analyzing the support we can see 2 important areas.
- Support @8.43 from a trend line in the weekly time frame.
- A support zone ranging from 8.05 to 8.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 9.76 to 9.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for EC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EC is neutral. |
| ChartMill Relative Strength | 15 | NEGATIVE | EC has a low relative strength, it was outperformed by 85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EC is below 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) | 43.56 | NEUTRAL | The RSI value for EC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests EC has a negative trend. |
| Stochastics (14,3) | 18.78 | OVERSOLD | The low Stochastics value suggests EC may be oversold. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for EC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.33 | NEUTRAL | The ADX value for EC suggests a possible start of a new 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)
8.85
-0.08 (-0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.9%
1 Week-6.35%
2 Weeks-8.48%
1 Month4.49%
3 Month-1.67%
6 Month7.14%
12 Month-21.19%
2 Year-13.66%
3 Year-18.51%
5 Year-20.49%
10 Year-33.26%
15 Year-69.13%
Volatility
ATR(14)0.27
ATR(20)%3.04%
ATR Inc-10.4%
Range Today0.13
ADR(20)0.26
ADR(20)%2.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15
Mansfield-0.95
10 Day High9.95
10 Day Low8.8
20 Day High9.95
20 Day Low8.37
52 Week High11.29
52 Week Low7.21
CS1 End8.4
CR1 Start9.77
Volume & EV
DER(3)-0.63%
DER(5)2.75%
Volume1.63M
Volume Incr25.8%
Vol(5)2.85M
Vol(50)2.43M