Ecopetrol Stock Technical Analysis

EC Stock  USD 10.38  0.00  0.00%   
As of the 9th of June, Ecopetrol shows the Mean Deviation of 2.01, downside deviation of 2.91, and Coefficient Of Variation of 9004.44. 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. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down nineteen technical drivers for Ecopetrol SA ADR, which can be compared to its rivals. Please confirm Ecopetrol SA ADR maximum drawdown, semi variance, and the relationship between the jensen alpha and potential upside to decide if Ecopetrol SA ADR is priced favorably, providing market reflects its regular price of 10.38 per share. Given that Ecopetrol has jensen alpha of 0.02, we urge you to verify Ecopetrol SA ADR's prevailing market performance to make sure the company can sustain itself at a future point.

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 Ecopetrol
Ecopetrol's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Ecopetrol Analyst Consensus

Target PriceAdvice# of Analysts
Ecopetrol SA ADR current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
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 Analyst Advice Details
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.
A focus of Ecopetrol technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ecopetrol trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Ecopetrol SA ADR Technical Analysis

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The output start index for this execution was one with a total number of output elements of sixty. The Normalized Average True Range is used to analyze tradable apportunities for Ecopetrol SA ADR across different markets.

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   0.0043  , 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 0.71, 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.
 2020 2021 2022 2023 (projected)
Book Value per Share24.27 K33.31 K41.91 K36.83 K
Asset Turnover0.370.480.590.54

Ecopetrol June 9, 2023 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.

Ecopetrol June 9, 2023 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Ecopetrol stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ecopetrol SA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. Note that the Ecopetrol SA ADR information on this page should be used as a complementary analysis to other Ecopetrol's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

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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Balance Of Power
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Is Ecopetrol's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ecopetrol. If investors know Ecopetrol will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ecopetrol listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
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The market value of Ecopetrol SA ADR is measured differently than its book value, which is the value of Ecopetrol that is recorded on the company's balance sheet. Investors also form their own opinion of Ecopetrol's value that differs from its market value or its book value, called intrinsic value, which is Ecopetrol's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ecopetrol's market value can be influenced by many factors that don't directly affect Ecopetrol's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ecopetrol's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ecopetrol is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ecopetrol's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.