EVERUS CONSTRUCTION GROUP (ECG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ECG • US3004261034
Taking everything into account, ECG scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ECG is only an average performer.
- In the last month ECG has a been trading in the 83.39 - 96.75 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- ECG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ECG is lagging the market slightly.
- When comparing the performance of all stocks over the past year, ECG turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
- ECG is part of the Construction & Engineering industry. There are 55 other stocks in this industry, ECG did better than 50% of them.
Although the technical rating is only medium, ECG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 86.96, a Stop Loss order could be placed below this zone.
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79.62
When analyzing the support we can see 3 important areas.
- A support zone ranging from 84.11 to 86.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @82.03 from a horizontal line in the daily time frame.
- Support @80.42 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 89.97 to 91.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 100.85 to 101.21. 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 | UP | POSITIVE | The long term trend for ECG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ECG is neutral. |
| ChartMill Relative Strength | 66.48 | NEUTRAL | ECG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ECG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ECG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ECG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.12 | NEUTRAL | The RSI value for ECG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests ECG has a negative trend. |
| Stochastics (14,3) | 37.97 | NEUTRAL | The Stochastics value for ECG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for ECG suggests some volalility. |
| Average Directional Index/ADX (14) | 12.41 | NEGATIVE | The low ADX value for ECG suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 91.50 | 84.10 | 7.40 (8.09%) | 12.36% |
| An entry @91.50. This is a Buy Stop order right above the resistance zone. | An exit @84.10. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.40 points, which is 8.09%. | When investing 12.36% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
88.96
+3.27 (+3.82%)
EVERUS CONSTRUCTION GROUP / ECG FAQ
Can you provide the ChartMill technical rating for EVERUS CONSTRUCTION GROUP?
ChartMill assigns a technical rating of 6 / 10 to ECG.
What is the trend direction for ECG stock?
The current trend direction for EVERUS CONSTRUCTION GROUP (ECG) is Bullish.
What is the RSI signal for EVERUS CONSTRUCTION GROUP (ECG) stock?
EVERUS CONSTRUCTION GROUP (ECG) has an RSI value of 48.1156. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EVERUS CONSTRUCTION GROUP?
The MACD indicator for EVERUS CONSTRUCTION GROUP (ECG) has a value of -0.352981, indicating a bearish trend.
What are the support and resistance levels for EVERUS CONSTRUCTION GROUP (ECG) stock?
EVERUS CONSTRUCTION GROUP (ECG) has a support level at 86.96 and a resistance level at 89.97. Check the full technical report for our detailed analysis of ECG support and resistance levels.