ECOSYNTHETIX INC (ECO.CA) Stock Technical Analysis
TSX:ECO - Toronto Stock Exchange - CA27923D1087 - Common Stock - Currency: CAD
We assign a technical rating of 2 out of 10 to ECO. Recently some decent action could be observed, but in the medium term time frame this is still negative. ECO was also a bad performer in the overall market in the last year.
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.
80% of all other stocks performed better in the past year than ECO.
ECO is part of the Chemicals industry. There are 28 other stocks in this industry, of which 77% are performing better than ECO.
ECO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: ECO has an average volume of 20528 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 3.94 - 4.38 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.
Although the technical rating is bad, ECO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 3.99, a Stop Loss order could be placed below this zone.
More info and screens
3.75
5.23
We found 1 important support area.
- A support zone ranging from 3.79 to 4.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 4.07 to 4.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.21 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 4.28 to 4.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @4.92 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 | 20.17 | NEGATIVE | ECO.CA has a low relative strength, it was outperformed by 79.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ECO.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ECO.CA is below the rising 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) | 49.3 | NEUTRAL | The RSI value for ECO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ECO.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 20.51 | NEUTRAL | The Stochastics value for ECO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for ECO.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 33.01 | POSITIVE | The high ADX value value for ECO.CA 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)
TSX:ECO (6/30/2025, 7:00:00 PM)
4.06
+0.01 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.25%
1 Week0.25%
2 Weeks1.5%
1 Month4.1%
3 Month-0.73%
6 Month-4.02%
12 Month-10.18%
2 Year33.11%
3 Year-9.98%
5 Year84.55%
10 Year241.18%
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%3.97%
ATR Inc-56.61%
Range Today0.06
ADR(20)0.14
ADR(20)%3.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.17
Mansfield-1.04
10 Day High4.38
10 Day Low3.99
20 Day High4.38
20 Day Low3.94
52 Week High5.32
52 Week Low3.8
CS1 End3.99
CR1 Start4.07
Volume & EV
DER(3)-1.91%
DER(5)-0.15%
Volume48.62K
Volume Incr-45.94%
Vol(5)13.58K
Vol(50)20.53K