ECOPETROL SA-SPONSORED ADR (EC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EC - US2791581091 - ADR
Overall EC gets a technical rating of 10 out of 10. 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 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 6 important areas.
- A support zone ranging from 9.82 to 9.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.40 to 9.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.04 from a trend line in the daily time frame.
- A support zone ranging from 8.85 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.
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 | 84.48 | POSITIVE | EC has a high relative strength, it outperformed 84.48% 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) | 67.74 | NEUTRAL | The RSI value for EC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests EC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.26 | NEUTRAL | The Stochastics value for EC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for EC suggests some volalility. |
| Average Directional Index/ADX (14) | 24.02 | NEUTRAL | The ADX value for EC suggests a possible start of a new trend. |
10.87
+0.12 (+1.12%)
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.
Can you provide the trend direction for ECOPETROL SA-SPONSORED ADR?
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 67.7431. This indicates that the stock is currently neutral.
What is the MACD signal for ECOPETROL SA-SPONSORED ADR (EC) stock?
The MACD indicator for ECOPETROL SA-SPONSORED ADR (EC) has a value of 0.13224, indicating a bearish trend.
What is the buy/sell signal for ECOPETROL SA-SPONSORED ADR (EC) stock?
The buy/sell signal for ECOPETROL SA-SPONSORED ADR (EC) is buy as both the short term and long term trends are positive.