ECK Technical Analysis - LUDWIG BECK AM RATHAUSECK

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to ECK. ECK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

98% of all other stocks performed better in the past year than ECK.

ECK is one of the lesser performing stocks in the Broadline Retail industry. 90% of 12 stocks in the same industry do better.

ECK is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

ECK is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Warning: ECK has an average volume of 244 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

LUDWIG BECK AM RATHAUSECK / ECK Weekly stock chart

LUDWIG BECK AM RATHAUSECK / ECK Daily stock chart

Setup Rating and Analysis

ECK has a poor technical rating and the quality of the setup is also not perfect 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.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

12.18

19.09

When analyzing the resistance we notice 6 important areas.

A resistance zone ranging from 12.41 to 12.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @15.27 from a trend line in the weekly time frame.
Resistance @16.01 from a trend line in the daily time frame.
Resistance @16.53 from a trend line in the daily time frame.
Resistance @16.86 from a trend line in the weekly time frame.
Resistance @18.90 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	DOWN	NEGATIVE	The long term trend for ECK.DE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ECK.DE is down.
ChartMill Relative Strength	2.73	NEGATIVE	ECK.DE has a low relative strength, it was outperformed by 97.27% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ECK.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ECK.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ECK.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	31.96	NEUTRAL	The RSI value for ECK.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests ECK.DE has a positive trend.
Stochastics (14,3)	18.52	OVERSOLD	The low Stochastics value suggests ECK.DE may be oversold.
Average True Range in percent/ATR (20)	1.69	LOW VOLATILITY	The low ATR as a percentage value for ECK.DE suggests low volalility.
Average Directional Index/ADX (14)	25.04	POSITIVE	The high ADX value value for ECK.DE suggests a strong trend.