ELECTROCORE INC (ECOR) Stock Technical Analysis
USA - NASDAQ:ECOR - US28531P2020 - Common Stock
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.
ECOR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 4.65, a Stop Loss order could be placed below this zone. 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.
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4.56
When analyzing the support we notice one important area.
- A support zone ranging from 4.61 to 4.65. This zone is formed by a combination of multiple trend lines in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @4.74 from a horizontal line in the daily time frame.
- A resistance zone ranging from 4.94 to 5.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.16 to 5.27. 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 | 8.04 | NEGATIVE | ECOR has a low relative strength, it was outperformed by 91.96% 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) | 41.91 | NEUTRAL | The RSI value for ECOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ECOR has a negative trend. |
| Stochastics (14,3) | 48.66 | NEUTRAL | The Stochastics value for ECOR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.49 | HIGH VOLATILITY | The high ATR as a percentage value for ECOR suggests high volalility. |
| Average Directional Index/ADX (14) | 11.1 | NEGATIVE | The low ADX value for ECOR suggests a weak or negative trend. |
4.74
-0.21 (-4.24%)
ELECTROCORE INC / ECOR FAQ
What is the technical rating for ECOR stock?
ChartMill assigns a technical rating of 0 / 10 to ECOR.
What is the current trend direction of ELECTROCORE INC (ECOR) stock?
The current trend direction for ELECTROCORE INC (ECOR) is Bearish.
What is the RSI signal for ECOR stock?
ELECTROCORE INC (ECOR) has an RSI value of 41.9076. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ELECTROCORE INC?
The short term momentum for ELECTROCORE INC (ECOR) is neutral.
Can you provide the support and resistance levels for ELECTROCORE INC?
ELECTROCORE INC (ECOR) has a support level at 4.65 and a resistance level at 4.74. Check the full technical report for our detailed analysis of ECOR support and resistance levels.