ECOSYNTHETIX INC (ECO.CA) Stock Technical Analysis
TSX:ECO - Toronto Stock Exchange - CA27923D1087 - Common Stock - Currency: CAD
Taking everything into account, ECO scores 0 out of 10 in our technical rating. ECO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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.
81% of all other stocks performed better in the past year than ECO.
ECO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ECO is lagging the market.
Warning: ECO has an average volume of 15602 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month ECO has a been trading in the 3.82 - 4.21 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ECO is part of the Chemicals industry. There are 30 other stocks in this industry, ECO did better than 41% of them.
ECO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 4.01, a Stop Loss order could be placed below this zone.
More info and screens
3.75
5.23
When analyzing the support we can see 2 important areas.
- A support zone ranging from 3.90 to 4.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.79 to 3.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 6 important areas.
- Resistance @4.03 from a horizontal line in the daily time frame.
- A resistance zone ranging from 4.10 to 4.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.26 to 4.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.35 from a horizontal line in the daily time frame.
- Resistance @4.96 from a trend line in the weekly time frame.
- Resistance @5.18 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for ECO.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ECO.CA is neutral. |
| ChartMill Relative Strength | 19.56 | NEGATIVE | ECO.CA has a low relative strength, it was outperformed by 80.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ECO.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ECO.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ECO.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.03 | NEUTRAL | The RSI value for ECO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ECO.CA has a positive trend. |
| Stochastics (14,3) | 49.12 | NEUTRAL | The Stochastics value for ECO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for ECO.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.22 | NEUTRAL | The ADX value for ECO.CA suggests a possible start of a new 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)
TSX:ECO (6/6/2025, 7:00:00 PM)
4.02
-0.02 (-0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.5%
1 Week1.77%
2 Weeks0.5%
1 Month-5.63%
3 Month-11.26%
6 Month1.52%
12 Month-10.67%
2 Year31.8%
3 Year-10.86%
5 Year82.73%
10 Year237.82%
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%2.87%
ATR Inc39.07%
Range Today0.1
ADR(20)0.1
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.56
Mansfield-1.03
10 Day High4.16
10 Day Low3.82
20 Day High4.21
20 Day Low3.82
52 Week High5.32
52 Week Low3.8
CS1 End4.01
CR1 Start4.03
Volume & EV
DER(3)2.01%
DER(5)2.15%
Volume10.39K
Volume Incr-40.45%
Vol(5)11.44K
Vol(50)15.60K