ECARX HOLDINGS INC-CL A (ECX) Stock Technical Analysis
USA - NASDAQ:ECX - KYG292011031 - Common Stock
Taking everything into account, ECX scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, ECX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, ECX also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.49. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
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4 important support areas can be observed.
- Support @2.21 from a horizontal line in the daily time frame.
- Support @1.90 from a trend line in the daily time frame.
- Support @1.85 from a trend line in the weekly time frame.
- A support zone ranging from 1.77 to 1.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.49 to 2.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.60 from a trend line in the weekly time frame.
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 ECX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ECX is neutral. |
| ChartMill Relative Strength | 91.21 | POSITIVE | ECX has a high relative strength, it outperformed 91.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ECX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ECX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ECX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.87 | NEUTRAL | The RSI value for ECX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ECX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.16 | NEUTRAL | The Stochastics value for ECX is a neutral value. |
| Average True Range in percent/ATR (20) | 9.12 | HIGH VOLATILITY | The high ATR as a percentage value for ECX suggests high volalility. |
| Average Directional Index/ADX (14) | 19.11 | NEGATIVE | The low ADX value for ECX suggests a weak or negative 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 |
|---|---|---|---|
| 2.52 | 2.20 | 0.32 (12.70%) | 7.88% |
| An entry @2.52. This is a Buy Stop order right above the resistance zone. | An exit @2.20. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.32 points, which is 12.70%. | When investing 7.88% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ECX. 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.
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+0.17 (+7.66%)
ECARX HOLDINGS INC-CL A / ECX FAQ
What is the ChartMill technical rating of ECARX HOLDINGS INC-CL A (ECX) stock?
ChartMill assigns a technical rating of 8 / 10 to ECX.
What is the current trend direction of ECARX HOLDINGS INC-CL A (ECX) stock?
The current trend direction for ECARX HOLDINGS INC-CL A (ECX) is Bullish.
Can you provide the RSI signal for ECARX HOLDINGS INC-CL A?
ECARX HOLDINGS INC-CL A (ECX) has an RSI value of 55.8718. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ECARX HOLDINGS INC-CL A?
The MACD indicator for ECARX HOLDINGS INC-CL A (ECX) has a value of -0.00945838, indicating a bearish trend.