ECOLAB INC (ECL) Stock Technical Analysis
NYSE:ECL - New York Stock Exchange, Inc. - US2788651006 - Common Stock - Currency: USD
Overall ECL gets a technical rating of 8 out of 10. 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.
The long and short term trends are both positive. This is looking good!
ECL is part of the Chemicals industry. There are 85 other stocks in this industry. ECL outperforms 78% of them.
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.
In the last month ECL has a been trading in the 249.04 - 269.89 range, which is quite wide. It is currently trading near the high of this range.
ECL has an average volume of 1317090 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 68% of them, which is more or less in line with the market.
ECL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 268.77. Right above this resistance zone may be a good entry point.
More info and screens
227.41
272.53
4 important support areas can be observed.
- A support zone ranging from 250.14 to 257.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @244.54 from a trend line in the weekly time frame.
- Support @236.41 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.
We found 1 important resistance area.
- A resistance zone ranging from 268.77 to 269.83. 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 | 68.74 | 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) | 64.88 | NEUTRAL | The RSI value for ECL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ECL has a negative trend. |
| Stochastics (14,3) | 85.78 | OVERBOUGHT | The high Stochastics value suggests ECL may be overbought. |
| Average True Range in percent/ATR (20) | 1.43 | LOW VOLATILITY | The low ATR as a percentage value for ECL suggests low volalility. |
| Average Directional Index/ADX (14) | 28.35 | POSITIVE | The high ADX value value for ECL suggests a strong 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 |
|---|---|---|---|
| 269.84 | 260.79 | 9.05 (3.35%) | 25.00% |
| An entry @269.84. This is a Buy Stop order right above the resistance zone. | An exit @260.79. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 9.05 points, which is 3.35%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%. |
- 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.
267.94
-1.43 (-0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.53%
1 Week0.34%
2 Weeks1.98%
1 Month6.54%
3 Month6.77%
6 Month7.09%
12 Month11.62%
2 Year43.52%
3 Year74.26%
5 Year34.68%
10 Year136.97%
15 Year496.62%
Volatility
ATR(14)3.59
ATR(20)%1.43%
ATR Inc6.63%
Range Today3.1
ADR(20)3.77
ADR(20)%1.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.74
Mansfield0.25
10 Day High269.89
10 Day Low260.8
20 Day High269.89
20 Day Low249.04
52 Week High273.69
52 Week Low220.96
CS1 End257.06
CR1 Start268.77
Volume & EV
DER(3)-1.06%
DER(5)-1.23%
Volume1.36M
Volume Incr1.48%
Vol(5)1.17M
Vol(50)1.32M