ECOLAB INC. - 1H - Technical analysis published on 02/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 198.73 USD
My targets
195.21 USD (-1.35%)
193.46 USD (-2.24%)
My analysis
ECOLAB INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 198.73 USD. The next support located at 195.21 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 193.46 USD. Below this support, sellers could then target 189.73 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 197.89 USD. The price is lower by -0.17% since the last closing with the lowest point at 196.26 USD and the highest point at 198.09 USD. The deviation from the price is +0.83% for the low point and -0.10% for the high point.196.26
198.09
197.89
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ECOLAB INC.:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ECOLAB INC. chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 193.46 | 195.21 | 197.20 | 197.89 | 198.00 | 198.73 | 199.72 |
| Change (%) | -2.24% | -1.35% | -0.35% | - | +0.06% | +0.42% | +0.92% |
| Change | -4.43 | -2.68 | -0.69 | - | +0.11 | +0.84 | +1.83 |
| Level | Intermediate | Major | Intermediate | - | Minor | 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 | 192.95 | 195.21 | 196.71 | 198.97 | 200.47 | 202.73 | 204.23 |
| Camarilla | 197.19 | 197.53 | 197.88 | 198.22 | 198.57 | 198.91 | 199.25 |
| Woodie | 192.58 | 195.02 | 196.34 | 198.78 | 200.10 | 202.54 | 203.86 |
| Fibonacci | 195.21 | 196.64 | 197.53 | 198.97 | 200.40 | 201.29 | 202.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 189.80 | 193.14 | 195.81 | 199.15 | 201.82 | 205.16 | 207.83 |
| Camarilla | 196.84 | 197.39 | 197.94 | 198.49 | 199.04 | 199.59 | 200.14 |
| Woodie | 189.48 | 192.97 | 195.49 | 198.98 | 201.50 | 204.99 | 207.51 |
| Fibonacci | 193.14 | 195.43 | 196.85 | 199.15 | 201.44 | 202.86 | 205.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 184.61 | 189.03 | 193.63 | 198.05 | 202.65 | 207.07 | 211.67 |
| Camarilla | 195.74 | 196.57 | 197.39 | 198.22 | 199.05 | 199.87 | 200.70 |
| Woodie | 184.69 | 189.08 | 193.71 | 198.10 | 202.73 | 207.12 | 211.75 |
| Fibonacci | 189.03 | 192.48 | 194.61 | 198.05 | 201.50 | 203.63 | 207.07 |
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): | 37.97 | |
| MACD (12,26,9): | -0.3400 | |
| Directional Movement: | -15.50 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 198.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 200.15 | |
| Elder Ray (13): | -1.52 | |
| Super Trend (3,10): | 200.08 | |
| Zig ZAG (10): | 197.41 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 15.59 | |
| TEMA (21): | 198.04 | |
| Williams %R (14): | -74.19 | |
| Chande Momentum Oscillator (20): | -3.14 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.32 |
| MA7: | 198.50 | |
| MA20: | 198.16 | |
| MA50: | 195.13 | |
| MA100: | 182.72 | |
| MAexp7: | 197.89 | |
| MAexp20: | 198.68 | |
| MAexp50: | 198.77 | |
| MAexp100: | 198.50 | |
| Price / MA7: | -0.31% | |
| Price / MA20: | -0.14% | |
| Price / MA50: | +1.41% | |
| Price / MA100: | +8.30% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.40% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | -0.31% |
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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