Ecopetrol Sa Adr Stock Technical Analysis
| EC Stock | USD 8.33 0.14 1.71% |
As of the 25th of November, Ecopetrol shows the Mean Deviation of 1.4, variance of 3.52, and Standard Deviation of 1.88. Ecopetrol SA ADR technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.
Ecopetrol Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ecopetrol, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EcopetrolEcopetrol |
Ecopetrol Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 12.93 | Hold | 12 | Odds |
Most Ecopetrol analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Ecopetrol stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Ecopetrol SA ADR, talking to its executives and customers, or listening to Ecopetrol conference calls.
Ecopetrol technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Ecopetrol SA ADR Technical Analysis
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Ecopetrol SA ADR volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Ecopetrol SA ADR Trend Analysis
Use this graph to draw trend lines for Ecopetrol SA ADR. You can use it to identify possible trend reversals for Ecopetrol as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Ecopetrol price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ecopetrol Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ecopetrol SA ADR applied against its price change over selected period. The best fit line has a slop of 0.03 , which may indicate that the price for Ecopetrol SA ADR will continue to decline. It has 122 observation points and a regression sum of squares at 37.94, which is the sum of squared deviations for the predicted Ecopetrol price change compared to its average price change.About Ecopetrol Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Ecopetrol SA ADR on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Ecopetrol SA ADR based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ecopetrol SA ADR price pattern first instead of the macroeconomic environment surrounding Ecopetrol SA ADR. By analyzing Ecopetrol's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Ecopetrol's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Ecopetrol specific price patterns or momentum indicators. Please read more on our technical analysis page.
Ecopetrol November 25, 2024 Technical Indicators
Most technical analysis of Ecopetrol help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Ecopetrol from various momentum indicators to cycle indicators. When you analyze Ecopetrol charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.10) | |||
| Market Risk Adjusted Performance | (0.64) | |||
| Mean Deviation | 1.4 | |||
| Coefficient Of Variation | (707.43) | |||
| Standard Deviation | 1.88 | |||
| Variance | 3.52 | |||
| Information Ratio | (0.21) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.65) | |||
| Maximum Drawdown | 8.46 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 2.46 | |||
| Skewness | (0.29) | |||
| Kurtosis | 1.31 |
Complementary Tools for Ecopetrol Stock analysis
When running Ecopetrol's price analysis, check to measure Ecopetrol's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ecopetrol is operating at the current time. Most of Ecopetrol's value examination focuses on studying past and present price action to predict the probability of Ecopetrol's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ecopetrol's price. Additionally, you may evaluate how the addition of Ecopetrol to your portfolios can decrease your overall portfolio volatility.
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