ECOVYST INC (ECVT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ECVT • US27923Q1094
Overall ECVT gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ECVT is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ECVT did better than 88% of all other stocks.
- ECVT is part of the Chemicals industry. There are 83 other stocks in this industry. ECVT outperforms 87% of them.
- ECVT 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 ECVT has a been trading in the 9.67 - 11.31 range, which is quite wide. It is currently trading near the high of this range.
- ECVT has an average volume of 1381170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, ECVT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.87, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ECVT in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.20
3 important support areas can be observed.
- A support zone ranging from 10.82 to 10.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 10.60 to 10.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.28 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.16 to 11.17. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for ECVT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ECVT is up. |
| ChartMill Relative Strength | 88.85 | POSITIVE | ECVT has a high relative strength, it outperformed 88.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ECVT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ECVT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ECVT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.86 | NEUTRAL | The RSI value for ECVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ECVT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.83 | NEUTRAL | The Stochastics value for ECVT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for ECVT suggests some volalility. |
| Average Directional Index/ADX (14) | 32.05 | POSITIVE | The high ADX value value for ECVT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.18 | 10.81 | 0.37 (3.31%) | 25.00% |
| An entry @11.18. This is a Buy Stop order right above the resistance zone. | An exit @10.81. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.37 points, which is 3.31%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.83%. |
- The distance between exit and entry is rather small compared to the average daily movement of ECVT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.05
+0.31 (+2.89%)
ECOVYST INC / ECVT FAQ
What is the ChartMill technical rating of ECOVYST INC (ECVT) stock?
ChartMill assigns a technical rating of 10 / 10 to ECVT.
Can you provide the trend direction for ECOVYST INC?
The current trend direction for ECOVYST INC (ECVT) is Bullish.
What is the RSI signal for ECVT stock?
ECOVYST INC (ECVT) has an RSI value of 61.8604. This indicates that the stock is currently neutral.
What is the MACD signal for ECOVYST INC (ECVT) stock?
The MACD indicator for ECOVYST INC (ECVT) has a value of -0.0493587, indicating a bearish trend.
What is the short term momentum for ECVT stock?
The short term momentum for ECOVYST INC (ECVT) is positive.