ECOLAB INC. - 1H - Technical analysis published on 10/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 161.01 USD
My targets
153.61 USD (-2.96%)
149.50 USD (-5.55%)
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 161.01 USD. The next support located at 153.61 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 149.50 USD. Below this support, sellers could then target 143.20 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8
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Additional analysis
Quotes
The ECOLAB INC. price is 158.29 USD. The price registered a decrease of -0.08% on the session and was between 157.88 USD and 159.36 USD. This implies that the price is at +0.26% from its lowest and at -0.67% from its highest.157.88
159.36
158.29
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ECOLAB INC.:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ECOLAB INC. in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 143.20 | 149.50 | 153.61 | 158.29 | 158.30 | 161.01 | 162.63 |
| Change (%) | -9.53% | -5.55% | -2.96% | - | +0.01% | +1.72% | +2.74% |
| Change | -15.09 | -8.79 | -4.68 | - | +0.01 | +2.72 | +4.34 |
| Level | Intermediate | Minor | Major | - | Intermediate | 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 | 154.78 | 156.55 | 157.49 | 159.26 | 160.20 | 161.97 | 162.91 |
| Camarilla | 157.68 | 157.92 | 158.17 | 158.42 | 158.67 | 158.92 | 159.17 |
| Woodie | 154.36 | 156.34 | 157.07 | 159.05 | 159.78 | 161.76 | 162.49 |
| Fibonacci | 156.55 | 157.59 | 158.23 | 159.26 | 160.30 | 160.94 | 161.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 149.55 | 154.66 | 157.29 | 162.40 | 165.03 | 170.14 | 172.77 |
| Camarilla | 157.80 | 158.51 | 159.22 | 159.93 | 160.64 | 161.35 | 162.06 |
| Woodie | 148.32 | 154.04 | 156.06 | 161.78 | 163.80 | 169.52 | 171.54 |
| Fibonacci | 154.66 | 157.61 | 159.44 | 162.40 | 165.35 | 167.18 | 170.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 145.64 | 156.32 | 162.86 | 173.54 | 180.08 | 190.76 | 197.30 |
| Camarilla | 164.67 | 166.24 | 167.82 | 169.40 | 170.98 | 172.56 | 174.14 |
| Woodie | 143.57 | 155.29 | 160.79 | 172.51 | 178.01 | 189.73 | 195.23 |
| Fibonacci | 156.32 | 162.90 | 166.96 | 173.54 | 180.12 | 184.18 | 190.76 |
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): | 41.65 | |
| MACD (12,26,9): | -0.5200 | |
| Directional Movement: | -8.14 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 158.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 160.63 | |
| Elder Ray (13): | -0.71 | |
| Super Trend (3,10): | 161.64 | |
| Zig ZAG (10): | 158.28 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 24.68 | |
| TEMA (21): | 158.79 | |
| Williams %R (14): | -88.61 | |
| Chande Momentum Oscillator (20): | -1.31 | |
| Repulse (5,40,3): | -0.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.75 |
| MA7: | 159.30 | |
| MA20: | 164.33 | |
| MA50: | 172.41 | |
| MA100: | 177.73 | |
| MAexp7: | 158.86 | |
| MAexp20: | 159.35 | |
| MAexp50: | 160.71 | |
| MAexp100: | 163.06 | |
| Price / MA7: | -0.63% | |
| Price / MA20: | -3.68% | |
| Price / MA50: | -8.19% | |
| Price / MA100: | -10.94% | |
| Price / MAexp7: | -0.36% | |
| Price / MAexp20: | -0.67% | |
| Price / MAexp50: | -1.51% | |
| Price / MAexp100: | -2.93% |
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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