ECOLAB INC.
-
USD
(-)
- 15 min delayed data - NYSE Stocks
| Open: | - |
| Change: | - |
| Volume: | - |
| Low: | - |
| High: | - |
| High / Low range: | - |
| Type: | Stocks |
| Ticker: | ECL |
| ISIN: |
ECOLAB INC. - Daily - Technical analysis published on 11/08/2023 (GMT)
- 197
- 0
- 11/08/2023 - 19:20
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- Timeframe : Daily
- - Analysis generated on 11/08/2023 - 19:20
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 169.72 USD
My targets
183.32 USD (+3.85%)
190.28 USD (+7.80%)
My analysis
The current short-term bullish acceleration on ECOLAB INC. should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 169.72 USD. Short-term buyers will use the resistance located at 183.32 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 190.28 USD. Crossing this resistance would then open the door for buyers to target 199.76 USD. Caution, if there is a return to under 169.72 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
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
4.6
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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. rating is 176.52 USD. The price registered an increase of +1.45% on the session with the lowest point at 174.08 USD and the highest point at 176.63 USD. The deviation from the price is +1.40% for the low point and -0.06% for the high point.174.08
176.63
176.52
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ECOLAB INC. indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 157.42 | 162.63 | 169.72 | 176.52 | 177.98 | 183.32 | 190.28 |
| Change (%) | -10.82% | -7.87% | -3.85% | - | +0.83% | +3.85% | +7.80% |
| Change | -19.10 | -13.89 | -6.80 | - | +1.46 | +6.80 | +13.76 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 170.74 | 171.77 | 172.88 | 173.91 | 175.02 | 176.05 | 177.16 |
| Camarilla | 173.41 | 173.61 | 173.80 | 174.00 | 174.20 | 174.39 | 174.59 |
| Woodie | 170.79 | 171.79 | 172.93 | 173.93 | 175.07 | 176.07 | 177.21 |
| Fibonacci | 171.77 | 172.58 | 173.09 | 173.91 | 174.72 | 175.23 | 176.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 144.44 | 151.02 | 162.89 | 169.47 | 181.34 | 187.92 | 199.79 |
| Camarilla | 169.70 | 171.39 | 173.08 | 174.77 | 176.46 | 178.15 | 179.84 |
| Woodie | 147.10 | 152.34 | 165.55 | 170.79 | 184.00 | 189.24 | 202.45 |
| Fibonacci | 151.02 | 158.07 | 162.42 | 169.47 | 176.52 | 180.87 | 187.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 145.07 | 150.89 | 159.32 | 165.14 | 173.57 | 179.39 | 187.82 |
| Camarilla | 163.82 | 165.13 | 166.43 | 167.74 | 169.05 | 170.35 | 171.66 |
| Woodie | 146.37 | 151.54 | 160.62 | 165.79 | 174.87 | 180.04 | 189.12 |
| Fibonacci | 150.89 | 156.34 | 159.70 | 165.14 | 170.59 | 173.95 | 179.39 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.17 | |
| MACD (12,26,9): | 1.2000 | |
| Directional Movement: | 17.43 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 168.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 160.86 | |
| Elder Ray (13): | 6.19 | |
| Super Trend (3,10): | 165.57 | |
| Zig ZAG (10): | 176.39 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 93.44 | |
| TEMA (21): | 172.14 | |
| Williams %R (14): | -0.76 | |
| Chande Momentum Oscillator (20): | 17.27 | |
| Repulse (5,40,3): | 3.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 10.23 |
| MA7: | 172.25 | |
| MA20: | 165.19 | |
| MA50: | 170.90 | |
| MA100: | 177.06 | |
| MAexp7: | 171.90 | |
| MAexp20: | 168.14 | |
| MAexp50: | 170.24 | |
| MAexp100: | 171.96 | |
| Price / MA7: | +2.48% | |
| Price / MA20: | +6.86% | |
| Price / MA50: | +3.29% | |
| Price / MA100: | -0.30% | |
| Price / MAexp7: | +2.69% | |
| Price / MAexp20: | +4.98% | |
| Price / MAexp50: | +3.69% | |
| Price / MAexp100: | +2.65% |
Quotes :
11/08/2023 - 19:04
-
15 min delayed data
-
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:
- 03/23/2021 - 16:30 Ecolab Schedules Webcast and Conference Call on April 27
- 03/11/2021 - 08:30 Ecolab Comments on Effects of Texas/Gulf Coast Winter Freeze
- 06/03/2020 - 21:00 Ecolab Finalizes Separation of Its Upstream Energy Business and Merger of ChampionX With Apergy; Accepts Shares Tendered in Exchange Offer
- 06/03/2020 - 13:00 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
- 06/03/2020 - 12:30 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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