ECOLAB INC (ECL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ECL - US2788651006 - Common Stock
We assign a technical rating of 7 out of 10 to ECL. Although ECL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although ECL has an excellent technical rating, it does not present a decent entry opportunity 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
241.58
2 important support areas can be observed.
- A support zone ranging from 250.15 to 269.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @244.02 from a trend line in the weekly time frame.
We found 1 important resistance 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 | 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 | 62.49 | 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) | 59.54 | NEUTRAL | The RSI value for ECL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.22 | POSITIVE | The MACD value suggests ECL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.46 | OVERBOUGHT | The high Stochastics value suggests ECL may be overbought. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for ECL suggests low volalility. |
| Average Directional Index/ADX (14) | 21.62 | NEUTRAL | The ADX value for ECL suggests a possible start of a new trend. |
272.86
-2.3 (-0.84%)
ECOLAB INC / ECL FAQ
Can you provide the ChartMill technical rating for ECOLAB INC?
ChartMill assigns a technical rating of 7 / 10 to ECL.
What is the trend direction for ECL stock?
The current trend direction for ECOLAB INC (ECL) is Bullish.
What is the RSI signal for ECOLAB INC (ECL) stock?
ECOLAB INC (ECL) has an RSI value of 59.5378. 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 2.21583, indicating a bullish trend.
What is the short term momentum for ECL stock?
The short term momentum for ECOLAB INC (ECL) is positive.