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Archive
- 11/8/2024 -
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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 for the Ecolab Inc. (ECL). During the week, the ECL gained 5.40 points, or 2.21%, and closed at 250.00 on Friday, November 8, 2024. ECL was trading at average weekly trading volume.
 Long-term trend: [See ECL long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 156.72 and reached 262.61 on October 18, 2024. ECL gained -105.89 points, or -67.57%, in 51 weeks. The price is now at the 11.91% retracement level.
Medium-term trend: [See ECL medium-term trend chart]
A medium-term uptrend had started on July 30, 2024 at 220.96 and reached 262.61 on October 18, 2024. ECL gained -41.65 points, or -18.85%, in 11 weeks. The price is now at the 30.28% retracement level.
 Weekly Technical Indicators: [See ECL weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since June 28, 2024. 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 October 18, 2024 at 262.61 and reached 242.50 on November 4, 2024. ECL lost 20.11 points, or 7.66%, in 17 days. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (249.91). 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 short-term trend.
 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. 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 daily MACD line is below its signal line since October 23, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (251.15) comes close to the price (250.00). It indicates that the trend is getting weaker. 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.
Price is close to the 50 Day Moving Average. While 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.
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