ELECTROCORE INC (ECOR) Stock Technical Analysis
NASDAQ:ECOR - Nasdaq - US28531P2020 - Common Stock - Currency: USD
Taking everything into account, ECOR scores 0 out of 10 in our technical rating. ECOR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ECOR is a bad performer in the overall market: 95% of all stocks are doing better.
ECOR is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry, of which 78% 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 4.46 - 8.56 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, ECOR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.41. Right above this resistance zone may be a good entry point. 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
5.53
When analyzing the support we notice one important 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.
We found 1 important resistance area.
- A resistance zone ranging from 5.41 to 5.48. 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 | DOWN | NEGATIVE | The short term trend for ECOR is down. |
| ChartMill Relative Strength | 5.93 | NEGATIVE | ECOR has a low relative strength, it was outperformed by 94.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ECOR is below a declining 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) | 36.9 | NEUTRAL | The RSI value for ECOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ECOR has a positive trend. |
| Stochastics (14,3) | 29 | NEUTRAL | The Stochastics value for ECOR is a neutral value. |
| Average True Range in percent/ATR (20) | 13.48 | HIGH VOLATILITY | The high ATR as a percentage value for ECOR suggests high volalility. |
| Average Directional Index/ADX (14) | 14.81 | 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)
4.9
-0.1 (-2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2%
1 Week-0.41%
2 Weeks6.41%
1 Month-33.38%
3 Month-67.81%
6 Month-59.84%
12 Month-23.79%
2 Year0.62%
3 Year-27%
5 Year-64.86%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%13.48%
ATR Inc-16.93%
Range Today0.36
ADR(20)0.61
ADR(20)%12.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.93
Mansfield-4.96
10 Day High5.87
10 Day Low4.51
20 Day High8.56
20 Day Low4.47
52 Week High19.49
52 Week Low4.47
CS1 End4.64
CR1 Start5.41
Volume & EV
DER(3)4.94%
DER(5)4.77%
Volume106.20K
Volume Incr-35.88%
Vol(5)111.92K
Vol(50)145.02K