ECOPETROL SA-SPONSORED ADR (EC)
US2791581091 - ADR
Overall EC gets a technical rating of 9 out of 10. 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that EC is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by EC over the past year are nicely spread over this period.
EC is part of the Oil, Gas & Consumable Fuels industry. There are 216 other stocks in this industry. EC outperforms 86% of them.
EC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EC is lagging the market slightly.
In the last month EC has a been trading in the 11.55 - 12.95 range, which is quite wide. It is currently trading near the high of this range.
EC has an average volume of 2088500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 12.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.19, a Stop Loss order could be placed below this zone.
More info and screens
8.85
13.04
We found 5 important support areas.
- A support zone ranging from 12.07 to 12.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.43 to 11.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.90 from a horizontal line in the weekly time frame.
- Support @9.47 from a trend line in the weekly time frame.
- Support @8.94 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.82 to 12.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.37
Mansfield0.59
10 Day High12.95
10 Day Low12.28
20 Day High12.95
20 Day Low11.55
52 Week High13.08
52 Week Low8.59
Performance
1 Week-0.7%
2 Weeks-0.24%
1 Month9.28%
3 Month5.74%
6 Month22.31%
12 Month39.93%
2 Year-1.32%
3 Year-1.47%
5 Year-19.9%
10 Year-66.92%
15 Year-30.76%
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)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)57.71
LBB12.26
UBB12.95
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.92 | 12.27 | 0.65 (5.03%) | 19.88% |
| An entry @12.92. This is a Buy Stop order right above the resistance zone. | An exit @12.27. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.65 points, which is 5.03%. | When investing 19.88% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ECOPETROL SA-SPONSORED ADR
NYSE:EC (12/8/2023, 7:04:00 PM)
After market: 12.63 -0.09 (-0.71%)12.72
+0.35 (+2.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.83%
1 Week-0.7%
2 Weeks-0.24%
1 Month9.28%
3 Month5.74%
6 Month22.31%
12 Month39.93%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.3
ATR(20)%2.37%
ATR Inc
Range Today0.29
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High12.95
10 Day Low12.28
20 Day High12.95
20 Day Low11.55
52 Week High13.08
52 Week Low8.59
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.38M
Volume Incr6%
Vol(5)2.18M
Vol(50)2.09M