CHANNELADVISOR CORP (ECOM) Technical Analysis
NYSE:ECOM • US1591791009
Current stock price
ECOM Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to ECOM. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- ECOM is one of the better performing stocks in the Software industry, it outperforms 95% of 275 stocks in the same industry.
- ECOM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ECOM is performing more or less in line with the market.
- When comparing the yearly performance of all stocks, we notice that ECOM is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month ECOM has a been trading in a tight range between 22.86 and 23.11.
- Considerably lower volume is observed in the last couple of days.
ECOM Weekly and Daily overview Charts
ECOM Setup Rating and Analysis
ECOM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
ECOM Support and Resistance Analysis
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.
ECOM Technical Indicator Signal Analysis
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. |
ECOM Chart- and CandleStick Pattern Analysis
ECOM Example Setup
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 trade has a worst case loss of 0.09 points, which is 0.39%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.10%. |
- 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.
ECOM Technicals: Chart, Performance Metrics, Trend & Indicators
23.09
+0.01 (+0.04%)
CHANNELADVISOR CORP / ECOM TA FAQ
What is the technical rating for ECOM stock?
ChartMill assigns a technical rating of 8 / 10 to ECOM.
What is the current trend direction of CHANNELADVISOR CORP (ECOM) stock?
The current trend direction for CHANNELADVISOR CORP (ECOM) is Bullish.
What is the RSI signal for CHANNELADVISOR CORP (ECOM) stock?
CHANNELADVISOR CORP (ECOM) has an RSI value of 74.4127. This indicates that the stock is currently overbought.
What is the buy/sell signal for ECOM stock?
The buy/sell signal for CHANNELADVISOR CORP (ECOM) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for CHANNELADVISOR CORP?
CHANNELADVISOR CORP (ECOM) has a support level at 23.06 and a resistance level at 23.1. Check the full technical report for our detailed analysis of ECOM support and resistance levels.