ECG Technical Analysis - EVERUS CONSTRUCTION GROUP

Technical Rating and Analysis

Overall ECG gets a technical rating of 7 out of 10. Although ECG is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

When comparing the yearly performance of all stocks, ECG is a bad performer in the overall market: 100% of all stocks are doing better.

ECG is one of the lesser performing stocks in the Construction & Engineering industry. 74% of 52 stocks in the same industry do better.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month ECG has a been trading in the 73.00 - 83.57 range, which is quite wide. It is currently trading near the high of this range.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EVERUS CONSTRUCTION GROUP / ECG Weekly stock chart

EVERUS CONSTRUCTION GROUP / ECG Daily stock chart

Setup Rating and Analysis

Although ECG has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

73.29

84.18

3 important support areas can be observed.

A support zone ranging from 80.24 to 80.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 77.67 to 78.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 74.03 to 75.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ECG is above the rising SMA(200).
Relative Strength Index/RSI (14)	63.63	NEUTRAL	The RSI value for ECG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.08	POSITIVE	The MACD value suggests ECG has a positive trend.
Stochastics (14,3)	74.76	NEUTRAL	The Stochastics value for ECG is a neutral value.
Average True Range in percent/ATR (20)	3.38	MEDIUM VOLATILITY	The ATR as a percentage value for ECG suggests some volalility.
Average Directional Index/ADX (14)	37.42	POSITIVE	The high ADX value value for ECG suggests a strong trend.