BLACKROCK ESG CAP ALL TRM TR (ECAT) Stock Technical Analysis
NYSE:ECAT - US09262F1003
We assign a technical rating of 5 out of 10 to ECAT. Although ECAT is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, ECAT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 16.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.45, a Stop Loss order could be placed below this zone.
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14.37
When analyzing the support we can see 4 important areas.
- A support zone ranging from 16.30 to 16.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.99 from a horizontal line in the daily time frame.
- Support @15.66 from a horizontal line in the daily time frame.
- Support @14.52 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 16.52 to 16.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 17.97 to 18.07. 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 ECAT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ECAT is neutral. |
| ChartMill Relative Strength | 29.89 | NEGATIVE | ECAT has a low relative strength, it was outperformed by 70.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ECAT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ECAT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ECAT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.76 | NEUTRAL | The RSI value for ECAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ECAT has a negative trend. |
| Stochastics (14,3) | 33.73 | NEUTRAL | The Stochastics value for ECAT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.05 | LOW VOLATILITY | The low ATR as a percentage value for ECAT suggests low volalility. |
| Average Directional Index/ADX (14) | 14.89 | NEGATIVE | The low ADX value for ECAT suggests a weak or negative trend. |
16.49
-0.14 (-0.84%)