ECOPETROL SA-SPONSORED ADR (EC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EC - US2791581091 - ADR
9.33 USD
-0.3 (-3.12%)
9.4183 USD
+0.09 (+0.95%)
We assign a technical rating of 3 out of 10 to EC. In the last year, EC was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
In the last month EC has a been trading in the 9.31 - 10.65 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
EC is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 77% of 208 stocks in the same industry.
EC has an average volume of 2192560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Looking at the yearly performance, EC did better than 77% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
EC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EC is lagging the market.
The technical rating of EC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
8.06
10.74
We found 4 important support areas.
- Support @9.27 from a trend line in the weekly time frame.
- A support zone ranging from 8.78 to 8.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.45 from a horizontal line in the daily time frame.
- A support zone ranging from 8.14 to 8.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 9.54 to 9.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.26 to 10.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 10.62 to 10.63. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for EC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EC is down. |
| ChartMill Relative Strength | 77.92 | POSITIVE | EC has a high relative strength, it outperformed 77.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.49 | NEUTRAL | The RSI value for EC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests EC has a negative trend. |
| Stochastics (14,3) | 24.39 | NEUTRAL | The Stochastics value for EC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for EC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.02 | NEGATIVE | The low ADX value for EC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
9.33
-0.3 (-3.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-3.12%
1 Week-6.7%
2 Weeks-5.85%
1 Month-11.31%
3 Month5.07%
6 Month-5.18%
12 Month22.12%
2 Year-21.73%
3 Year-10.89%
5 Year-27.73%
10 Year33.1%
15 Year-78.61%
Volatility
ATR(14)0.21
ATR(20)%2.55%
ATR Inc24.44%
Range Today0.25
ADR(20)0.22
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.92
3 months CRS78.89
6 months CRS23.34
Mansfield-0.82
10 Day High10.22
10 Day Low9.31
20 Day High10.65
20 Day Low9.31
52 Week High11.05
52 Week Low7.41
CS1 End9.27
CR1 Start9.54
Volume & EV
DER(3)2.71%
DER(5)4.21%
Volume3.28M
Volume Incr-12.62%
Vol(5)2.10M
Vol(50)2.19M
ECOPETROL SA-SPONSORED ADR / EC FAQ
What is the ChartMill technical rating of ECOPETROL SA-SPONSORED ADR (EC) stock?
ChartMill assigns a technical rating of 3 / 10 to EC.
What is the current trend direction of ECOPETROL SA-SPONSORED ADR (EC) stock?
The current trend direction for ECOPETROL SA-SPONSORED ADR (EC) is Bearish.
Can you provide the RSI signal for ECOPETROL SA-SPONSORED ADR?
ECOPETROL SA-SPONSORED ADR (EC) has an RSI value of 37.4866. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ECOPETROL SA-SPONSORED ADR?
ECOPETROL SA-SPONSORED ADR (EC) has a support level at 9.27 and a resistance level at 9.54. Check the full technical report for our detailed analysis of EC support and resistance levels.