OKEANIS ECO TANKERS CORP (ECO) Stock Technical Analysis
NYSE:ECO - New York Stock Exchange, Inc. - MHY641771016 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to ECO. ECO has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, ECO is a bad performer in the overall market: 84% of all stocks are doing better.
ECO is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 71% of 210 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ECO has a been trading in the 21.27 - 24.52 range, which is quite wide. It is currently trading near the high of this range.
ECO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ECO is lagging the market.
ECO has an average technical rating and also the quality of the setup is only medium 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
18.64
25.51
When analyzing the support we can see 4 important areas.
- A support zone ranging from 23.06 to 23.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.64 from a trend line in the daily time frame.
- A support zone ranging from 21.72 to 21.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 18.83 to 18.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @24.22 from a horizontal line in the daily time frame.
- A resistance zone ranging from 24.76 to 25.26. 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 | NEUTRAL | NEUTRAL | The long term trend for ECO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ECO is up. |
| ChartMill Relative Strength | 16.07 | NEGATIVE | ECO has a low relative strength, it was outperformed by 83.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ECO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ECO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ECO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.42 | NEUTRAL | The RSI value for ECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests ECO has a positive trend. |
| Stochastics (14,3) | 81.74 | OVERBOUGHT | The high Stochastics value suggests ECO may be overbought. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for ECO suggests some volalility. |
| Average Directional Index/ADX (14) | 11.21 | NEGATIVE | The low ADX value for ECO suggests a weak or negative 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)
23.99
-0.47 (-1.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.92%
1 Week3.85%
2 Weeks0.13%
1 Month7.48%
3 Month4.08%
6 Month5.04%
12 Month-23.01%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%2.74%
ATR Inc-8.16%
Range Today0.34
ADR(20)0.49
ADR(20)%2.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.07
Mansfield-1.27
10 Day High24.53
10 Day Low22.38
20 Day High24.53
20 Day Low21.27
52 Week High35.64
52 Week Low17.91
CS1 End23.27
CR1 Start24.22
Volume & EV
DER(3)-0.59%
DER(5)1.61%
Volume100.50K
Volume Incr39.69%
Vol(5)157.06K
Vol(50)134.72K