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Downtrend Broken Resist.Archive - 3/15/2024 - Sign In to see current Signals. |
Ecolab Inc. (ECL) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the Ecolab Inc. (ECL). During the week, the ECL gained 3.24 points, or 1.45%, and closed at 226.70 on Friday, March 15, 2024. Weekly volume was 25% above 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 227.27 on March 4, 2024. ECL gained -96.23 points, or -73.44%, in 69 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (227.43). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend. Medium-term trend: [See ECL medium-term trend chart] A medium-term uptrend had started on October 27, 2023 at 156.72 and reached 227.27 on March 4, 2024. ECL gained -70.55 points, or -45.02%, in 18 weeks. Price is near the trend high. Weekly Technical Indicators: [See ECL weekly technical indicators chart] Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help. The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 March 11, 2024 at 221.92 and reached 227.13 on March 15, 2024. ECL gained -5.21 points, or -2.35%, in 4 days. The price is now at the 8.25% retracement level. Daily Technical Indicators: [See ECL daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since March 6, 2024. The distance between MACD and the signal line is low, but getting bigger. 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. The price touches the upper Bollinger Band. 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.
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