ECOLAB INC (ECL) Stock Technical Analysis
NYSE:ECL - New York Stock Exchange, Inc. - US2788651006 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to ECL. In the last year, ECL was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ECL is one of the better performing stocks in the Chemicals industry, it outperforms 71% of 85 stocks in the same industry.
ECL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ECL is lagging the market slightly.
ECL has an average volume of 1230440 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 59% of them, which is more or less in line with the market.
In the last month ECL has a been trading in a tight range between 259.05 and 274.17.
ECL has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 266.51, a Stop Loss order could be placed below this zone.
More info and screens
227.41
276.84
4 important support areas can be observed.
- A support zone ranging from 260.21 to 266.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 248.64 to 249.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @237.63 from a trend line in the weekly time frame.
- A support zone ranging from 229.71 to 229.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 267.26 to 274.10. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for ECL is neutral. |
| ChartMill Relative Strength | 59.89 | 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 | 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) | 51.11 | NEUTRAL | The RSI value for ECL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.54 | NEGATIVE | The MACD value suggests ECL has a negative trend. |
| Stochastics (14,3) | 54.02 | NEUTRAL | The Stochastics value for ECL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for ECL suggests low volalility. |
| Average Directional Index/ADX (14) | 17.31 | NEGATIVE | The low ADX value for ECL suggests a weak or negative 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 |
|---|---|---|---|
| 269.88 | 262.30 | 7.58 (2.81%) | 25.00% |
| An entry @269.88. This is a Buy Stop order right above the 10 day moving average. | An exit @262.30. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.58 points, which is 2.81%. | For a 0.70% total portfolio risk, you can invest 25.00% 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.
266.96
+0.17 (+0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.06%
1 Week-2.6%
2 Weeks1.41%
1 Month-0.37%
3 Month13.45%
6 Month16.21%
12 Month8.47%
2 Year45.77%
3 Year61.63%
5 Year42.7%
10 Year130.52%
15 Year445.82%
Volatility
ATR(14)4.11
ATR(20)%1.56%
ATR Inc-13.62%
Range Today3.73
ADR(20)3.99
ADR(20)%1.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.89
Mansfield-0.14
10 Day High274.17
10 Day Low262.31
20 Day High274.17
20 Day Low259.05
52 Week High274.17
52 Week Low220.96
CS1 End266.51
CR1 Start267.26
Volume & EV
DER(3)-2.09%
DER(5)-2.05%
Volume966.30K
Volume Incr-20.64%
Vol(5)1.06M
Vol(50)1.23M