OKEANIS ECO TANKERS CORP (ECO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ECO - MHY641771016 - Common Stock
Taking everything into account, ECO scores 7 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.
Although ECO has an excellent technical rating, it does not offer a high quality setup 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.
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28.18
3 important support areas can be observed.
- Support @33.47 from a horizontal line in the weekly time frame.
- A support zone ranging from 32.59 to 32.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @28.46 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 33.74 to 34.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @37.08 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 | UP | POSITIVE | The long term trend for ECO is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ECO is down. |
| ChartMill Relative Strength | 91.73 | POSITIVE | ECO has a high relative strength, it outperformed 91.73% 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 | MIXED | The current price of ECO is below 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) | 40.85 | NEUTRAL | The RSI value for ECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests ECO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.21 | NEUTRAL | The Stochastics value for ECO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for ECO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.47 | NEUTRAL | The ADX value for ECO suggests a possible start of a new trend. |
33.58
+0.1 (+0.3%)
OKEANIS ECO TANKERS CORP / ECO FAQ
What is the ChartMill technical rating of OKEANIS ECO TANKERS CORP (ECO) stock?
ChartMill assigns a technical rating of 7 / 10 to ECO.
What is the trend direction for ECO stock?
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 40.8542. This indicates that the stock is currently neutral.
What is the short term momentum for OKEANIS ECO TANKERS CORP (ECO) stock?
The short term momentum for OKEANIS ECO TANKERS CORP (ECO) is negative.
Can you provide the support and resistance levels for OKEANIS ECO TANKERS CORP?
OKEANIS ECO TANKERS CORP (ECO) has a support level at 33.47 and a resistance level at 33.76. Check the full technical report for our detailed analysis of ECO support and resistance levels.