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Advanced TA SearchArchive
- 4/26/2024 -
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Ecolab Inc. (ECL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the Ecolab Inc. (ECL). During the week, the ECL gained 2.94 points, or 1.35%, and closed at 221.10 on Friday, April 26, 2024. Weekly volume was -12% 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 November 3, 2022 at 131.04 and reached 231.86 on March 27, 2024. ECL gained -100.82 points, or -76.94%, in 72 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 168.88 and resistance is at 236.34. 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 downtrend had started on March 27, 2024 at 231.86 and reached 217.05 on April 19, 2024. ECL lost 14.81 points, or 6.39%, in 3 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 213.68 and resistance is at 223.07. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See ECL weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See ECL short-term trend chart]
A short-term uptrend had started on April 19, 2024 at 217.05 and reached 221.99 on April 26, 2024. ECL gained -4.94 points, or -2.28%, in 7 days. The price is now at the 18.02% 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. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since March 6, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.
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