OKEANIS ECO TANKERS CORP (ECO) Technical Analysis
NYSE:ECO • MHY641771016
Current stock price
48.44 USD
-2.18 (-4.31%)
At close:
48.44 USD
0 (0%)
After Hours:
ECO Technical Rating and Analysis
Taking everything into account, ECO scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that ECO is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, ECO also shows a nice and consistent pattern of rising prices.
- ECO is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 90% of 209 stocks in the same industry.
- ECO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ECO is performing more or less in line with the market.
- In the last month ECO has a been trading in the 43.51 - 57.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ECO Weekly and Daily overview Charts
ECO Setup Rating and Analysis
Although ECO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ECO Support and Resistance Analysis
35.73
48.92
3 important support areas can be observed.
- Support @45.60 from a trend line in the daily time frame.
- A support zone ranging from 43.85 to 44.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.09 to 36.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
ECO Technical Indicator Signal Analysis
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 ECO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ECO is neutral. |
| ChartMill Relative Strength | 96.34 | POSITIVE | ECO has a high relative strength, it outperformed 96.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ECO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ECO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ECO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.7 | NEUTRAL | The RSI value for ECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests ECO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.84 | NEUTRAL | The Stochastics value for ECO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for ECO suggests some volalility. |
| Average Directional Index/ADX (14) | 21.58 | NEUTRAL | The ADX value for ECO suggests a possible start of a new trend. |
ECO Chart- and CandleStick Pattern Analysis
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)
ECO Technicals: Chart, Performance Metrics, Trend & Indicators
48.44
-2.18 (-4.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-4.31%
1 Week8.39%
2 Weeks2.82%
1 Month-4.17%
3 Month51.19%
6 Month71.59%
12 Month123.78%
2 Year68.79%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.13
ATR(20)%4.48%
ATR Inc19.6%
Range Today2.28
ADR(20)1.95
ADR(20)%4.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.34
3 months CRS97.34
6 months CRS97.03
Mansfield5.91
10 Day High51.24
10 Day Low43.51
20 Day High57.29
20 Day Low43.51
52 Week High57.29
52 Week Low17.91
CS1 End45.6
CR1 StartN/A
Volume & EV
DER(3)2.45%
DER(5)2.65%
Volume615.14K
Volume Incr-32.05%
Vol(5)440.40K
Vol(50)523.10K
OKEANIS ECO TANKERS CORP / ECO TA FAQ
What is the ChartMill technical rating of OKEANIS ECO TANKERS CORP (ECO) stock?
ChartMill assigns a technical rating of 9 / 10 to ECO.
Can you provide the trend direction for OKEANIS ECO TANKERS CORP?
The current trend direction for OKEANIS ECO TANKERS CORP (ECO) is Bullish.
What is the RSI signal for OKEANIS ECO TANKERS CORP (ECO) stock?
OKEANIS ECO TANKERS CORP (ECO) has an RSI value of 60.6989. This indicates that the stock is currently neutral.
What is the MACD signal for ECO stock?
The MACD indicator for OKEANIS ECO TANKERS CORP (ECO) has a value of -0.224407, indicating a bearish trend.