ECOLAB INC (ECL) Stock Technical Analysis
NYSE:ECL • US2788651006
We assign a technical rating of 8 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.
- The long and short term trends are both positive. This is looking good!
- A new 52 week high is currently being made by ECL, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month ECL has a been trading in the 271.12 - 304.30 range, which is quite wide. It is currently trading near the high of this range.
- ECL has an average volume of 1318730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, ECL did better than 74% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- ECL is part of the Chemicals industry. There are 83 other stocks in this industry, ECL did better than 58% of them.
Although ECL has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
244.59
2 important support areas can be observed.
- A support zone ranging from 260.22 to 265.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 247.06 to 250.15. 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 | 74.55 | POSITIVE | ECL has a high relative strength, it outperformed 74.55% off all stocks 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) | 77.88 | OVERBOUGHT | The high RSI value suggests ECL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.51 | POSITIVE | The MACD value suggests ECL has a positive trend. |
| Stochastics (14,3) | 88.62 | OVERBOUGHT | The high Stochastics value suggests ECL may be overbought. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for ECL suggests low volalility. |
| Average Directional Index/ADX (14) | 31.66 | POSITIVE | The high ADX value value for ECL suggests a strong trend. |
303.55
+3.93 (+1.31%)
ECOLAB INC / ECL FAQ
Can you provide the ChartMill technical rating for ECOLAB INC?
ChartMill assigns a technical rating of 8 / 10 to ECL.
What is the current trend direction of ECOLAB INC (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 77.8798. This indicates that the stock is currently overbought.
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 265.84. Check the full technical report for our detailed analysis of ECL support and resistance levels.