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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, EC did better than 92% of all other stocks.
- EC is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. EC outperforms 92% of them.
- A new 52 week high is currently being made by EC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month EC has a been trading in the 9.28 - 12.98 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- EC has an average volume of 2516810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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.
More info and screens
8.37
4 important support areas can be observed.
- A support zone ranging from 9.50 to 9.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.08 from a trend line in the daily time frame.
- A support zone ranging from 8.85 to 8.90. 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.
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 | 92.31 | POSITIVE | EC has a high relative strength, it outperformed 92.31% 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) | 84.69 | OVERBOUGHT | The high RSI value suggests EC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests EC has a positive trend. |
| Stochastics (14,3) | 96.38 | OVERBOUGHT | The high Stochastics value suggests EC may be overbought. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for EC suggests some volalility. |
| Average Directional Index/ADX (14) | 35 | POSITIVE | The high ADX value value for EC suggests a strong trend. |
12.85
+0.3 (+2.39%)
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 84.6935. This indicates that the stock is currently overbought.
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 0.232169, 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.