We assign a technical rating of 10 out of 10 to ECHO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ECHO is showing a nice and steady performance.
ECHO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 48.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 48.20, a Stop Loss order could be placed below this zone.
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26.86
We found 5 important support areas.
- A support zone ranging from 47.63 to 48.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.15 from a trend line in the daily time frame.
- Support @31.96 from a trend line in the weekly time frame.
- Support @29.60 from a trend line in the weekly time frame.
- Support @27.13 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 48.25 to 48.25. 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 ECHO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ECHO is up. |
| ChartMill Relative Strength | 95.59 | POSITIVE | ECHO has a high relative strength, it outperformed 95.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ECHO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ECHO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ECHO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.41 | OVERBOUGHT | The high RSI value suggests ECHO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests ECHO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 81.27 | OVERBOUGHT | The high Stochastics value suggests ECHO may be overbought. |
| Average True Range in percent/ATR (20) | 0.16 | LOW VOLATILITY | The low ATR as a percentage value for ECHO suggests low volalility. |
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 |
|---|---|---|---|
| 48.26 | 48.10 | 0.16 (0.33%) | 25.00% |
| An entry @48.26. This is a Buy Stop order right above the resistance zone. | An exit @48.10. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.16 points, which is 0.33%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.08%. |
- 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.
48.24
+0.02 (+0.04%)
Echo Global Logistics Inc / ECHO FAQ
Can you provide the ChartMill technical rating for Echo Global Logistics Inc?
ChartMill assigns a technical rating of 9 / 10 to ECHO.
What is the trend direction for ECHO stock?
The current trend direction for Echo Global Logistics Inc (ECHO) is Bullish.
What is the RSI signal for Echo Global Logistics Inc (ECHO) stock?
Echo Global Logistics Inc (ECHO) has an RSI value of 73.4098. This indicates that the stock is currently overbought.
What is the short term momentum for Echo Global Logistics Inc (ECHO) stock?
The short term momentum for Echo Global Logistics Inc (ECHO) is positive.
Can you provide the support and resistance levels for Echo Global Logistics Inc?
Echo Global Logistics Inc (ECHO) has a support level at 48.2 and a resistance level at 48.25. Check the full technical report for our detailed analysis of ECHO support and resistance levels.