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.
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.
18.64
When analyzing the support we can see 4 important areas.
2 important resistance areas can be observed.
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. |
23.99
-0.47 (-1.92%)