CHANNELADVISOR CORP (ECOM) Stock Technical Analysis
NYSE:ECOM - New York Stock Exchange, Inc. - US1591791009 - Common Stock - Currency: USD
Taking everything into account, ECOM scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, ECOM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, ECOM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 23.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.06, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
14.38
We found 5 important support areas.
- A support zone ranging from 22.66 to 23.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.40 from a trend line in the daily time frame.
- Support @15.93 from a trend line in the weekly time frame.
- Support @15.57 from a trend line in the daily time frame.
- Support @14.53 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.10 to 23.10. 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 | UP | POSITIVE | The long term trend for ECOM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ECOM is up. |
| ChartMill Relative Strength | 92.92 | POSITIVE | ECOM has a high relative strength, it outperformed 92.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ECOM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ECOM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ECOM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.41 | OVERBOUGHT | The high RSI value suggests ECOM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ECOM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 74.07 | NEUTRAL | The Stochastics value for ECOM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.22 | LOW VOLATILITY | The low ATR as a percentage value for ECOM suggests low volalility. |
| Average Directional Index/ADX (14) | 63.39 | POSITIVE | The high ADX value value for ECOM suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 23.11 | 23.02 | 0.09 (0.39%) | 25.00% |
| An entry @23.11. This is a Buy Stop order right above the resistance zone. | An exit @23.02. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.09 points, which is 0.39%. | For a 0.10% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
23.09
+0.01 (+0.04%)