ECOLAB INC (ECL)       151.36  -0.58 (-0.38%)

151.36  -0.58 (-0.38%)

US2788651006 - Common Stock - After market: 151.36 0 (0%)

Technical Rating

2

Overall ECL gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ECL was also a bad performer in the overall market in the last year.



In the last month ECL has a been trading in the 131.36 - 156.40 range, which is quite wide. It is currently trading near the high of this range.
ECL has an average volume of 1531010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
73% of all other stocks performed better in the past year than ECL.
ECL is part of the Chemicals industry. There are 119 other stocks in this industry, of which 71% are performing better than ECL.
ECL is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 15.23% -6.36% -11.21% -31.46% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 27.19 131.04 - 237.38
ECL Weekly chart
ECL Daily chart

Support/Resistance Analysis


145.46

174.25
We found 1 important support area.
  • A support zone ranging from 146.93 to 151.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 5 important resistance areas.
  • Resistance @153.55 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 157.77 to 157.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @162.94 from a horizontal line in the daily time frame.
  • Resistance @166.21 from a trend line in the weekly time frame.
  • Resistance @172.52 from a trend line in the daily time frame.

Setup Analysis

Setup Rating

7

Although the technical rating is bad, ECL does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 151.24, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

ECL Daily chart

ECOLAB INC151.36

NYSE:ECL (12/2/2022, 7:04:00 PM)-0.58 (-0.38%)

After market: 151.36 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Chemicals
Performance
Today -0.38% 1 Week 1.62%
2 Weeks 2.34% 1 Month 15.23%
3 Month -6.36% 6 Month -11.2%
Volatility
ATR(14) 3.51 ATR(20)% 2.65%
ATR Inc 3.38% Range Today 4.74
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 27.19 Mansfield -0.97
10 Day High 153.53 10 Day Low 143.48
20 Day High 156.4 20 Day Low 131.36
52 Week High 237.38 52 Week Low 131.04
CS1 End 151.24 CR1 Start 153.55
Volume & EV
DER(3) 1.37% DER(5) 0.26%
Volume 1.70M Volume Incr 13.07%
Vol(5) 1.98M Vol(50) 1.53M

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