ECOLAB INC (ECL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ECL - US2788651006 - Common Stock
We assign a technical rating of 5 out of 10 to ECL. In the past year, ECL was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
ECL has an average technical rating and it also does not offer a high quality setup 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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243.08
2 important support areas can be observed.
- A support zone ranging from 250.15 to 271.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @245.54 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- 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 | UP | POSITIVE | The short term trend for ECL is up. |
| ChartMill Relative Strength | 58.98 | 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) | 60.59 | NEUTRAL | The RSI value for ECL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.97 | POSITIVE | The MACD value suggests ECL has a positive trend. |
| Stochastics (14,3) | 81.48 | OVERBOUGHT | The high Stochastics value suggests ECL may be overbought. |
| Average True Range in percent/ATR (20) | 1.59 | LOW VOLATILITY | The low ATR as a percentage value for ECL suggests low volalility. |
| Average Directional Index/ADX (14) | 13.67 | NEGATIVE | The low ADX value for ECL suggests a weak or negative trend. |
271.73
-0.01 (0%)
ECOLAB INC / ECL FAQ
Can you provide the ChartMill technical rating for ECOLAB INC?
ChartMill assigns a technical rating of 5 / 10 to ECL.
What is the current trend direction of ECOLAB INC (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 60.5886. This indicates that the stock is currently neutral.
What is the short term momentum for ECL stock?
The short term momentum for ECOLAB INC (ECL) is positive.
Can you provide the support and resistance levels for ECOLAB INC?
ECOLAB INC (ECL) has a support level at 271.04 and a resistance level at 283.74. Check the full technical report for our detailed analysis of ECL support and resistance levels.