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| Yearly Pattern: | Rising Wedge |
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- 5/10/2024 -
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Ecolab Inc. (ECL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third positive week after 3 consecutive negative weeks for the Ecolab Inc. (ECL). During the week, the ECL gained 6.02 points, or 2.65%, and closed at 233.52 on Friday, May 10, 2024. ECL was trading at average weekly trading volume.
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 234.68 on May 8, 2024. ECL gained -103.64 points, or -79.09%, in 78 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (238.66). 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 234.68 on May 8, 2024. ECL gained -77.96 points, or -49.74%, in 27 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See ECL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is below its signal line since April 19, 2024. The distance between MACD and the signal line is low and getting smaller. 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 234.68 on May 8, 2024. ECL gained -17.63 points, or -8.12%, in 19 days. The price is now at the 6.58% retracement level.
 Daily Technical Indicators: [See ECL daily technical indicators chart]
Daily 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 daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since April 29, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Materials |
10 |
| Industry |
Specialty Chemicals |
73 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
217.05 |
| Low Date |
04/19/2024 |
| High |
234.68 |
| High Date |
05/08/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
217.05 |
| Low Date |
04/19/2024 |
| High |
234.68 |
| High Date |
05/08/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
156.72 |
| Low Date |
10/27/2023 |
| High |
234.68 |
| High Date |
05/08/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Test Resistance |
| Resistance |
238.66 |
| Support |
169.82 |
| Low |
131.04 |
| Low Date |
11/03/2022 |
| High |
234.68 |
| High Date |
05/08/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
238.93 |
| High Date |
11/22/2021 |
| Low |
131.04 |
| Low Date |
11/03/2022 |
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