ENCANA CORP (ECA) Stock Technical Analysis
NYSE:ECA -
3.79
-0.25 (-6.19%)
3.79
0 (0%)
Taking everything into account, ECA scores 0 out of 10 in our technical rating. ECA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
92% of all other stocks performed better in the past year than ECA.
ECA is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month ECA has a been trading in the 3.70 - 5.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ECA has an average volume of 18283400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of ECA is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.75
4.79
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.41 to 4.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.58 from a trend line in the weekly time frame.
- A resistance zone ranging from 4.70 to 4.74. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for ECA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ECA is down. |
| ChartMill Relative Strength | 8.1 | NEGATIVE | ECA has a low relative strength, it was outperformed by 91.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ECA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ECA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ECA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.29 | NEUTRAL | The RSI value for ECA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ECA has a negative trend. |
| Stochastics (14,3) | 9.27 | OVERSOLD | The low Stochastics value suggests ECA may be oversold. |
| Average True Range in percent/ATR (20) | 4.84 | MEDIUM VOLATILITY | The ATR as a percentage value for ECA suggests some volalility. |
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)
3.79
-0.25 (-6.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-6.19%
1 Week-11.45%
2 Weeks-14.83%
1 Month-17.07%
3 Month-11.03%
6 Month-9.76%
12 Month-45.7%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%4.84%
ATR Inc41.39%
Range Today0.26
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.1
Mansfield-3.58
10 Day High4.44
10 Day Low3.7
20 Day High5
20 Day Low3.7
52 Week High7.7
52 Week Low3.7
CS1 EndN/A
CR1 Start4.41
Volume & EV
DER(3)1.37%
DER(5)0.76%
Volume35.92M
Volume Incr61.83%
Vol(5)26.71M
Vol(50)18.28M