ECT Technical Analysis - EUROCASTLE INVESTMENT LTD

Technical Rating and Analysis

Taking everything into account, ECT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ECT is showing a nice and steady performance.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

Warning: ECT has an average volume of 596 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, ECT did better than 94% of all other stocks. On top of that, ECT also shows a nice and consistent pattern of rising prices.

ECT is one of the better performing stocks in the Real Estate Management & Development industry, it outperforms 98% of 75 stocks in the same industry.

ECT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month ECT has a been trading in the 8.80 - 12.80 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EUROCASTLE INVESTMENT LTD / ECT Weekly stock chart

EUROCASTLE INVESTMENT LTD / ECT Daily stock chart

Setup Rating and Analysis

Although ECT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.79

12.63

When analyzing the support we can see 2 important areas.

Support @9.48 from a trend line in the daily time frame.
Support @8.88 from a trend line in the daily time frame.

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What is Support and Resistance

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	UP	POSITIVE	The long term trend for ECT.AS is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ECT.AS is up.
ChartMill Relative Strength	94.52	POSITIVE	ECT.AS has a high relative strength, it outperformed 94.52% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ECT.AS is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ECT.AS is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ECT.AS is above the rising SMA(200).
Relative Strength Index/RSI (14)	70.81	OVERBOUGHT	The high RSI value suggests ECT.AS may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.27	POSITIVE	The MACD value suggests ECT.AS has a positive trend.
Stochastics (14,3)	75.28	NEUTRAL	The Stochastics value for ECT.AS is a neutral value.
Average True Range in percent/ATR (20)	3.62	MEDIUM VOLATILITY	The ATR as a percentage value for ECT.AS suggests some volalility.
Average Directional Index/ADX (14)	18.89	NEGATIVE	The low ADX value for ECT.AS suggests a weak or negative trend.