The Greedy Trader Weekly Analysis
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Monthly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/5/2024 -
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Ecolab Inc. (ECL) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineRelative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal lineTrend resistance at 230.56
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SARBullish Harami CandlestickThe 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 -3.15 points, or -1.36%, and closed at 227.75 on Friday, April 5, 2024. It was the worst weekly loss since October 20, 2023. 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 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 price is near the trend resistance line (230.56). 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 231.86 on March 27, 2024. ECL gained -75.14 points, or -47.95%, in 21 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (235.66) is broken. A broken support is considered to be a long-term bearish signal. 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 Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. 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 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. 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 March 27, 2024 at 231.86 and reached 224.46 on April 4, 2024. ECL lost 7.40 points, or 3.19%, in 8 days. The price is now at the 44.46% retracement level.

Daily Technical Indicators: [See ECL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

The daily MACD line is below its signal line since March 6, 2024. This is an indication that the short-term trend is down.

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.

The distance between the Bollinger Bands is falling, and it was 3.97% on Friday. It is 51.46% 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.

Candlestick pattern: [See ECL candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.28
Williams' Percentage Range (W%R) 64.80
Lane's Stochastic (%D-Slow) 26.61
Greed/Fear Indicator (GFI) 38.04
Moving Average Converg./Diverg. (MACD) 3.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.15
Overbought
Williams' Percentage Range (W%R) 11.40
Overbought
Lane's Stochastic (%D-Slow) 92.69
Strong Overbought
Greed/Fear Indicator (GFI) 82.10
Overbought
Moving Average Converg./Diverg. (MACD) 10.55
Trading Signals
Description Value Chart
Monthly Trendline Resistance 235.80
Monthly Trendline Support 235.66
Parabolic System 231.39
Upper Bollinger Band 230.74
Quarterly Trendline Resistance 230.56
Weekly Stochastic Crossing 229.57
Price 227.75
20 Day Moving Average 227.19
Daily Stochastic Crossing 226.17
Lower Bollinger Band 221.70
50 Day Moving Average 218.12
Sector and Industry
Description Name Rank
Sector Materials 10
Industry Specialty Chemicals 68
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 224.46
Low Date 04/04/2024
High 228.37
High Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 231.86
High Date 03/27/2024
Low 224.46
Low Date 04/04/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 235.80
Support 235.66
Low 156.72
Low Date 10/27/2023
High 231.86
High Date 03/27/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 230.56
Support 167.46
Low 131.04
Low Date 11/03/2022
High 231.86
High Date 03/27/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 238.93
High Date 11/22/2021
Low 131.04
Low Date 11/03/2022
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.