ECOR Technical Analysis - ELECTROCORE INC

Technical Rating and Analysis

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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, ECOR is a bad performer in the overall market: 87% of all stocks are doing better.

ECOR is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month ECOR has a been trading in the 4.70 - 5.73 range, which is quite wide. It is currently trading near the lows of this range.

ECOR is an average performer in the Health Care Equipment & Supplies industry, it outperforms 43% of 191 stocks in the same industry.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ELECTROCORE INC / ECOR Weekly stock chart

ELECTROCORE INC / ECOR Daily stock chart

Setup Rating and Analysis

ECOR has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.56

5.22

We found 1 important support 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.

We found 1 important resistance area.

A resistance zone ranging from 5.02 to 5.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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Support and Resistance indicators

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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	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	13.11	NEGATIVE	ECOR has a low relative strength, it was outperformed by 86.89% 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)	39.19	NEUTRAL	The RSI value for ECOR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests ECOR has a positive trend, although the MACD value is declining.
Stochastics (14,3)	16.45	OVERSOLD	The low Stochastics value suggests ECOR may be oversold.
Average True Range in percent/ATR (20)	6.78	HIGH VOLATILITY	The high ATR as a percentage value for ECOR suggests high volalility.
Average Directional Index/ADX (14)	12.72	NEGATIVE	The low ADX value for ECOR suggests a weak or negative trend.