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- 1/15/2021 -
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Ecolab Inc. (ECL)

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Summary:
Weekly :Overbought sectorStochastic has declined below the signal lineBroken trend support line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARBearish Three Black Crows CandlestickWilliams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Ecolab Inc. (ECL). During the week, the ECL dropped -10.98 points, or -4.95%, and closed at 210.77 on Friday, January 15, 2021. It was the worst weekly loss since October 30, 2020. Weekly volume was -58% below average.

ECL is a member of Materials Sector. Materials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ECL long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 29.27 and reached 230.88 on June 5, 2020. ECL gained -201.61 points, or -688.79%, in 587 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 128.45 and resistance is at 225.83. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See ECL medium-term trend chart]
A medium-term uptrend had started on October 30, 2020 at 181.25 and reached 227.97 on January 7, 2021. ECL gained -46.72 points, or -25.78%, in 9 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (225.14) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ECL may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See ECL weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since November 13, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See ECL short-term trend chart]
A short-term downtrend had started on January 7, 2021 at 227.97 and reached 209.79 on January 15, 2021. ECL lost 18.18 points, or 7.97%, in 8 days. The price is now at the 5.39% retracement level.

Daily Technical Indicators: [See ECL daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 7.78% on Friday. It is 50.21% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See ECL candlestick chart pattern]
On Friday the chart has formed a Bearish Three Black Crows Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bearish Three Black Crows Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.37
Williams' Percentage Range (W%R) 81.40
Oversold
Lane's Stochastic (%D-Slow) 32.16
Greed/Fear Indicator (GFI) 31.04
Moving Average Converg./Diverg. (MACD) 0.94
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.19
Williams' Percentage Range (W%R) 31.70
Lane's Stochastic (%D-Slow) 76.37
Greed/Fear Indicator (GFI) 65.56
Moving Average Converg./Diverg. (MACD) 4.91
Trading Signals
Description Value Chart
Monthly Trendline Resistance 228.20
Parabolic System 226.49
Yearly Trendline Resistance 225.83
Upper Bollinger Band 225.83
Monthly Trendline Support 225.14
Weekly Stochastic Crossing 222.66
20 Day Moving Average 217.44
50 Day Moving Average 216.16
Daily Stochastic Crossing 214.58
Price 210.77
Lower Bollinger Band 209.42
Sector and Industry
Description Name Rank
Sector Materials 10
Industry Specialty Chemicals 85
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 227.97
High Date 01/07/2021
Low 209.79
Low Date 01/15/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 210.79
Low Date 12/21/2020
High 227.97
High Date 01/07/2021
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 228.20
Support 225.14
Low 181.25
Low Date 10/30/2020
High 227.97
High Date 01/07/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 124.60
Low Date 03/23/2020
High 230.88
High Date 06/05/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 225.83
Support 128.45
Low 29.27
Low Date 03/06/2009
High 230.88
High Date 06/05/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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