NYSEARCA:ECON - NYSE Arca - US19762B5093 - ETF - Currency: USD
Overall ECON gets a technical rating of 7 out of 10. Although ECON has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
ECON 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 very little resistance above the current price. There is a support zone below the current price at 21.79, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ECON in the last couple of days, which is a good sign.
19.64
We found 3 important support areas.
When analyzing the resistance we notice 2 important areas.
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 |
---|---|---|---|
22.58 | 21.15 | 1.43 (6.33%) | 15.79% |
An entry @22.58. This is a Buy Stop order right above the resistance zone. | An exit @21.15. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.43 points, which is 6.33%. | When investing 15.79% of your capital in this trade, your total portfolio risk will be 1.00%. |
NYSEARCA:ECON (3/7/2025, 8:21:00 PM)
22.0572
+0.11 (+0.5%)