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 3 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.
When comparing the yearly performance of all stocks, ECO is a bad performer in the overall market: 74% of all stocks are doing better.
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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
ECO is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 40% of 211 stocks in the same industry.
In the last month ECO has a been trading in the 21.27 - 24.51 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ECO has a poor technical rating and the quality of the setup is also not perfect 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
26.12
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.53 to 23.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 23.23 to 23.49. This zone is formed by a combination of multiple trend lines and important moving averages 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.
- Resistance @25.86 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for ECO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ECO is neutral. |
| ChartMill Relative Strength | 26.47 | NEGATIVE | ECO has a low relative strength, it was outperformed by 73.53% 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) | UP | MIXED | The current price of ECO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ECO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.56 | NEUTRAL | The RSI value for ECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ECO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.44 | NEUTRAL | The Stochastics value for ECO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for ECO suggests some volalility. |
| Average Directional Index/ADX (14) | 13.41 | 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)
23.19
+1.04 (+4.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg4.7%
1 Week3.9%
2 Weeks-3.5%
1 Month4.18%
3 Month25.08%
6 Month9.59%
12 Month-25.6%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.82
ATR(20)%3.25%
ATR Inc-2.99%
Range Today0.61
ADR(20)0.63
ADR(20)%2.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.47
Mansfield-1.6
10 Day High24.46
10 Day Low21.27
20 Day High24.51
20 Day Low21.27
52 Week High35.64
52 Week Low17.91
CS1 End21.85
CR1 Start22.79
Volume & EV
DER(3)1.96%
DER(5)0.29%
Volume167.16K
Volume Incr-27.21%
Vol(5)112.57K
Vol(50)133.11K