ELECTROCORE INC (ECOR) Stock Technical Analysis
NASDAQ:ECOR - Nasdaq - US28531P2020 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to ECOR. ECOR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
90% of all other stocks performed better in the past year than ECOR.
ECOR is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, of which 65% are performing better than ECOR.
ECOR is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ECOR is lagging the market.
In the last month ECOR has a been trading in the 4.77 - 5.92 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
ECOR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for ECOR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.55
5.82
We found 1 important support area.
- A support zone ranging from 4.60 to 4.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 5.34 to 5.39. 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 5.74 to 5.76. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for ECOR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ECOR is neutral. |
| ChartMill Relative Strength | 10.92 | NEGATIVE | ECOR has a low relative strength, it was outperformed by 89.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ECOR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ECOR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ECOR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.55 | NEUTRAL | The RSI value for ECOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ECOR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 33.57 | NEUTRAL | The Stochastics value for ECOR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.4 | HIGH VOLATILITY | The high ATR as a percentage value for ECOR suggests high volalility. |
| Average Directional Index/ADX (14) | 11.83 | NEGATIVE | The low ADX value for ECOR 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)
5.13
-0.12 (-2.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.29%
1 Week-4.47%
2 Weeks-4.29%
1 Month4.27%
3 Month-35.87%
6 Month-66.4%
12 Month-18.31%
2 Year4.69%
3 Year-32.93%
5 Year-58.4%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%7.4%
ATR Inc54.71%
Range Today0.79
ADR(20)0.38
ADR(20)%7.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.92
Mansfield-4.71
10 Day High5.92
10 Day Low5.05
20 Day High5.92
20 Day Low4.77
52 Week High19.49
52 Week Low4.47
CS1 End4.64
CR1 Start5.34
Volume & EV
DER(3)10.91%
DER(5)5.55%
Volume186.90K
Volume Incr-29.52%
Vol(5)76.66K
Vol(50)123.06K