ECOPETROL SA-SPONSORED ADR (EC) Stock Technical Analysis
USA - NYSE:EC - US2791581091 - ADR
Taking everything into account, EC scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EC is showing a nice and steady performance.
Although EC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
8.07
5 important support areas can be observed.
- A support zone ranging from 9.28 to 9.46. 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 8.66 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 10.40 to 10.40. 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 | 86.18 | POSITIVE | EC has a high relative strength, it outperformed 86.18% 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) | 70.88 | OVERBOUGHT | The high RSI value suggests EC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests EC has a positive trend. |
| Stochastics (14,3) | 88.15 | OVERBOUGHT | The high Stochastics value suggests EC may be overbought. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for EC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.88 | NEUTRAL | The ADX value for EC suggests a possible start of a new trend. |
10.39
+0.38 (+3.8%)
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 10 / 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 70.8773. This indicates that the stock is currently overbought.
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 9.46 and a resistance level at 10.4. Check the full technical report for our detailed analysis of EC support and resistance levels.