NYSE:EC • US2791581091
Overall EC gets a technical rating of 9 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. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
8.76
When analyzing the support we can see 4 important areas.
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 | 90.39 | POSITIVE | EC has a high relative strength, it outperformed 90.39% 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) | 69.05 | NEUTRAL | The RSI value for EC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests EC has a positive trend. |
| Stochastics (14,3) | 88.97 | OVERBOUGHT | The high Stochastics value suggests EC may be overbought. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for EC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.94 | NEUTRAL | The ADX value for EC suggests a possible start of a new trend. |
13.95
+0.39 (+2.88%)
ChartMill assigns a technical rating of 9 / 10 to EC.
The current trend direction for ECOPETROL SA-SPONSORED ADR (EC) is Bullish.
ECOPETROL SA-SPONSORED ADR (EC) has an RSI value of 69.0452. This indicates that the stock is currently neutral.
The MACD indicator for ECOPETROL SA-SPONSORED ADR (EC) has a value of 0.145039, indicating a bearish trend.
The buy/sell signal for ECOPETROL SA-SPONSORED ADR (EC) is buy as both the short term and long term trends are positive.