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Ecopetrol S A Technical Analysis
Ecopetrol S A Trend AnalysisUse this graph to draw trend lines for Ecopetrol S A. 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 LineThe following chart estimates an ordinary least squares regression model for Ecopetrol S A applied against its price change over selected period. The best fit line has a slop of 0.14 % which may indicate that the price for Ecopetrol S A will continue to decline. It has 34 observation points and a regression sum of squares at 16.93, which is the sum of squared deviations for the predicted Ecopetrol price change compared to its average price change.