ECOLAB INC. - 1H - Technical analysis published on 08/04/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 164.95 USD
My targets
172.54 USD (+3.31%)
180.37 USD (+8.00%)
My analysis
ECOLAB INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 164.95 USD. The next resistance located at 172.54 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 180.37 USD. After this resistance, buyers could then target 202.44 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ECOLAB INC. price is 167.01 USD. The price registered a decrease of -0.01% on the session and was traded between 166.18 USD and 168.53 USD over the period. The price is currently at +0.50% from its lowest and -0.90% from its highest.166.18
168.53
167.01
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ECOLAB INC. in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 161.52 | 163.14 | 164.95 | 167.01 | 167.44 | 172.54 | 180.37 |
| Change (%) | -3.29% | -2.32% | -1.23% | - | +0.26% | +3.31% | +8.00% |
| Change | -5.49 | -3.87 | -2.06 | - | +0.43 | +5.53 | +13.36 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 160.91 | 162.42 | 164.73 | 166.24 | 168.55 | 170.06 | 172.37 |
| Camarilla | 165.98 | 166.33 | 166.68 | 167.03 | 167.38 | 167.73 | 168.08 |
| Woodie | 161.30 | 162.62 | 165.12 | 166.44 | 168.94 | 170.26 | 172.76 |
| Fibonacci | 162.42 | 163.88 | 164.78 | 166.24 | 167.70 | 168.60 | 170.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 147.43 | 151.28 | 158.22 | 162.07 | 169.01 | 172.86 | 179.80 |
| Camarilla | 162.20 | 163.19 | 164.18 | 165.17 | 166.16 | 167.15 | 168.14 |
| Woodie | 148.99 | 152.05 | 159.78 | 162.84 | 170.57 | 173.63 | 181.36 |
| Fibonacci | 151.28 | 155.40 | 157.95 | 162.07 | 166.19 | 168.74 | 172.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 140.52 | 145.74 | 155.46 | 160.68 | 170.40 | 175.62 | 185.34 |
| Camarilla | 161.06 | 162.43 | 163.80 | 165.17 | 166.54 | 167.91 | 169.28 |
| Woodie | 142.76 | 146.87 | 157.70 | 161.81 | 172.64 | 176.75 | 187.58 |
| Fibonacci | 145.74 | 151.45 | 154.98 | 160.68 | 166.39 | 169.92 | 175.62 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.79 | |
| MACD (12,26,9): | 0.7100 | |
| Directional Movement: | 6.65 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 167.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 165.86 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 163.80 | |
| Zig ZAG (10): | 166.88 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 64.38 | |
| TEMA (21): | 167.07 | |
| Williams %R (14): | -33.55 | |
| Chande Momentum Oscillator (20): | 1.29 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.08 |
| MA7: | 165.04 | |
| MA20: | 160.18 | |
| MA50: | 159.04 | |
| MA100: | 165.19 | |
| MAexp7: | 166.85 | |
| MAexp20: | 166.23 | |
| MAexp50: | 164.50 | |
| MAexp100: | 162.14 | |
| Price / MA7: | +1.19% | |
| Price / MA20: | +4.26% | |
| Price / MA50: | +5.01% | |
| Price / MA100: | +1.10% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.47% | |
| Price / MAexp50: | +1.53% | |
| Price / MAexp100: | +3.00% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on ECOLAB INC.. At the time of publication of this analysis, the latest news was as follows:
- Ecolab Schedules Webcast and Conference Call on April 27
- Ecolab Comments on Effects of Texas/Gulf Coast Winter Freeze
- Ecolab Finalizes Separation of Its Upstream Energy Business and Merger of ChampionX With Apergy; Accepts Shares Tendered in Exchange Offer
- Ecolab’s AdvaCare™ Is the First Laundry Disinfectant and Oxidizer to Receive U.S. EPA Approval for Emerging Viral Pathogen Claim as Effective Against SARS-CoV-2, the Virus That Causes COVID-19
- Ecolab Announces Preliminary Results of Split-off Exchange Offer; Intends to Accept Tendered Shares and Expects Closing of the Apergy Transaction Today
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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