EVERUS CONSTRUCTION GROUP (ECG) Stock Technical Analysis
NYSE:ECG - New York Stock Exchange, Inc. - US3004261034 - Common Stock - Currency: USD
Taking everything into account, ECG scores 6 out of 10 in our technical rating. In the last year, ECG was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, ECG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 61.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 61.41, a Stop Loss order could be placed below this zone.
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58.58
When analyzing the support we notice one important area.
- A support zone ranging from 59.17 to 61.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 61.96 to 61.96. 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 ECG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ECG is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ECG has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ECG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ECG is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 67.43 | NEUTRAL | The RSI value for ECG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests ECG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 85.04 | OVERBOUGHT | The high Stochastics value suggests ECG may be overbought. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for ECG suggests some volalility. |
| Average Directional Index/ADX (14) | 29.53 | POSITIVE | The high ADX value value for ECG suggests a strong 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 |
|---|---|---|---|
| 61.97 | 59.16 | 2.81 (4.53%) | 22.05% |
| An entry @61.97. This is a Buy Stop order right above the resistance zone. | An exit @59.16. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.81 points, which is 4.53%. | When investing 22.05% 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.
61.95
+0.21 (+0.34%)