ECOLAB INC (ECL) Stock Technical Analysis
NYSE:ECL - New York Stock Exchange, Inc. - US2788651006 - Common Stock - Currency: USD
Taking everything into account, ECL scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ECL is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
A new 52 week high is currently being made by ECL, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
ECL has an average volume of 1257430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ECL outperforms 61% of them, which is more or less in line with the market.
ECL is an average performer in the Chemicals industry, it outperforms 69% of 85 stocks in the same industry.
In the last month ECL has a been trading in a tight range between 259.05 and 274.17.
ECL has an excellent technical rating, but the quality of the setup is only medium 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
227.42
276.84
We found 5 important support areas.
- A support zone ranging from 267.01 to 268.87. 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 260.04 to 260.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 247.62 to 249.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 235.31 to 237.32. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @229.72 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 274.10 to 274.10. 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 ECL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ECL is up. |
| ChartMill Relative Strength | 61.91 | NEUTRAL | ECL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ECL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ECL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ECL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.03 | NEUTRAL | The RSI value for ECL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests ECL has a positive trend. |
| Stochastics (14,3) | 93.23 | OVERBOUGHT | The high Stochastics value suggests ECL may be overbought. |
| Average True Range in percent/ATR (20) | 1.49 | LOW VOLATILITY | The low ATR as a percentage value for ECL suggests low volalility. |
| Average Directional Index/ADX (14) | 20.94 | NEUTRAL | The ADX value for ECL suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 270.97 | 259.04 | 11.93 (4.40%) | 22.71% |
| An entry @270.97. This is a Buy Stop order right above the resistance zone. | An exit @259.04. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 11.93 points, which is 4.40%. | For a 1.00% total portfolio risk, you can invest 22.71% of your capital in this trade. |
- 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.
274.09
+1.63 (+0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.6%
1 Week4.12%
2 Weeks5.33%
1 Month2.64%
3 Month15.28%
6 Month18.18%
12 Month15.07%
2 Year49.66%
3 Year65.94%
5 Year46.51%
10 Year136.67%
15 Year460.4%
Volatility
ATR(14)4.36
ATR(20)%1.49%
ATR Inc-24.57%
Range Today2.28
ADR(20)3.94
ADR(20)%1.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.91
Mansfield0.09
10 Day High274.17
10 Day Low259.05
20 Day High274.17
20 Day Low259.05
52 Week High274.17
52 Week Low220.96
CS1 End267.34
CR1 Start269.27
Volume & EV
DER(3)1.58%
DER(5)1.54%
Volume513.60K
Volume Incr31.06%
Vol(5)1.65M
Vol(50)1.26M