ECOLAB INC (ECL) Stock Technical Analysis
USA - NYSE:ECL - US2788651006 - Common Stock
Taking everything into account, ECL scores 0 out of 10 in our technical rating. ECL'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.
ECL 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
227.41
When analyzing the support we can see 3 important areas.
- Support @252.51 from a horizontal line in the daily time frame.
- Support @242.80 from a trend line in the weekly time frame.
- Support @229.71 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 267.71 to 270.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 283.74 to 285.48. 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 | NEUTRAL | NEUTRAL | The long term trend for ECL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ECL is down. |
| ChartMill Relative Strength | 36.08 | NEUTRAL | ECL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ECL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ECL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ECL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.82 | NEUTRAL | The RSI value for ECL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.73 | NEGATIVE | The MACD value suggests ECL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.74 | OVERSOLD | The low Stochastics value suggests ECL may be oversold. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for ECL suggests some volalility. |
| Average Directional Index/ADX (14) | 25.44 | POSITIVE | The high ADX value value for ECL suggests a strong trend. |
256.13
+3.07 (+1.21%)
ECOLAB INC / ECL FAQ
Can you provide the ChartMill technical rating for ECOLAB INC?
ChartMill assigns a technical rating of 0 / 10 to ECL.
What is the trend direction for ECL stock?
The current trend direction for ECOLAB INC (ECL) is Bearish.
What is the RSI signal for ECOLAB INC (ECL) stock?
ECOLAB INC (ECL) has an RSI value of 36.817. This indicates that the stock is currently neutral.
What is the MACD signal for ECOLAB INC (ECL) stock?
The MACD indicator for ECOLAB INC (ECL) has a value of -1.73289, indicating a bearish trend.
What is the short term momentum for ECL stock?
The short term momentum for ECOLAB INC (ECL) is negative.