ECOLAB INC (ECL) Technical Analysis
NYSE:ECL • US2788651006
Taking everything into account, ECL scores 4 out of 10 in our technical rating. ECL has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month ECL has a been trading in the 274.74 - 309.27 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- ECL has an average volume of 1263050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the performance of all stocks over the past year, ECL turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
- ECL is part of the Chemicals industry. There are 83 other stocks in this industry, ECL did better than 60% of them.
- ECL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ECL is lagging the market slightly.
ECL has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
245.80
We found 3 important support areas.
- A support zone ranging from 260.22 to 268.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 253.05 to 256.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @248.28 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 308.36 to 308.36. 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 | 65.55 | 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) | UP | MIXED | The current price of ECL is below 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) | 35.5 | NEUTRAL | The RSI value for ECL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.65 | NEGATIVE | The MACD value suggests ECL has a negative trend. |
| Stochastics (14,3) | 13.49 | OVERSOLD | The low Stochastics value suggests ECL may be oversold. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for ECL suggests some volalility. |
| Average Directional Index/ADX (14) | 34.89 | POSITIVE | The high ADX value value for ECL suggests a strong trend. |
ECL Technicals: Chart, Performance Metrics, Trend & Indicators
281.86
-0.83 (-0.29%)
ECOLAB INC / ECL FAQ
Can you provide the ChartMill technical rating for ECOLAB INC?
ChartMill assigns a technical rating of 4 / 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 35.5036. 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 negative.
Can you provide the support and resistance levels for ECOLAB INC?
ECOLAB INC (ECL) has a support level at 268.62 and a resistance level at 308.36. Check the full technical report for our detailed analysis of ECL support and resistance levels.