CHANNELADVISOR CORP (ECOM) Stock Technical Analysis
NYSE:ECOM - New York Stock Exchange, Inc. - US1591791009 - Common Stock - Currency: USD
Overall ECOM gets a technical rating of 9 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, ECOM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
ECOM is part of the Software industry. There are 285 other stocks in this industry. ECOM outperforms 89% of them.
ECOM is currently trading in the upper part of its 52 week range. This is a good signal, certainly because the S&P500 Index is currently trading in the lower part of its 52 week range.
When comparing the yearly performance of all stocks, we notice that ECOM is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month ECOM has a been trading in a tight range between 22.86 and 23.11.
Considerably lower volume is observed in the last couple of days.
ECOM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 23.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.06, a Stop Loss order could be placed below this zone. 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.
More info and screens
14.38
23.33
When analyzing the support we can see 5 important areas.
- A support zone ranging from 22.66 to 23.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.40 from a trend line in the daily time frame.
- Support @15.93 from a trend line in the weekly time frame.
- Support @15.57 from a trend line in the daily time frame.
- Support @14.53 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 23.10 to 23.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.92
Mansfield3.13
10 Day High23.11
10 Day Low23.03
20 Day High23.11
20 Day Low22.86
52 Week High27.32
52 Week Low11.89
Performance
1 Week0.13%
2 Weeks0.22%
1 Month0.87%
3 Month48.2%
6 Month74.26%
12 Month-14.51%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.08
RSI(14)74.41
LBB23.01
UBB23.1
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 |
|---|---|---|---|
| 23.11 | 23.02 | 0.09 (0.39%) | 25.00% |
| An entry @23.11. This is a Buy Stop order right above the resistance zone. | An exit @23.02. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.09 points, which is 0.39%. | For a 0.10% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
23.09
+0.01 (+0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.04%
1 Week0.13%
2 Weeks0.22%
1 Month0.87%
3 Month48.2%
6 Month74.26%
12 Month-14.51%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.22%
ATR Inc-10.56%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.92
Mansfield3.13
10 Day High23.11
10 Day Low23.03
20 Day High23.11
20 Day Low22.86
52 Week High27.32
52 Week Low11.89
CS1 End23.06
CR1 Start23.1
Volume & EV
DER(3)0.09%
DER(5)0.35%
Volume1.26M
Volume Incr41.38%
Vol(5)588.28K
Vol(50)943.24K