Ecolab in a buy signal: price knocks on its 7-day high
Ecolab stock climbs 2% and tests its 7-day high
Our view last week
Ecolab stock slips 3.2% this week, with sellers firmly in control of the weekly candle. On the daily chart, though, the sequence holds: four higher lows from the 262 area to the 281 area, with buyers still dominating volume at 68.8%. The price is boxed between resistance in the 277 area and support in the 275 area. This week's technical analysis shows Ecolab's buy signal in its 8th week, running at +2.60% since entry.
This week's summary
Ecolab stock climbs 2% this week, with buyers back in control of daily volume after last week's pullback. The price is knocking on its 7-day high, in the 286.6 area, with the weekly MACD above its Signal line for 9 weeks running. This week's technical analysis shows Ecolab's buy signal in its 9th week, running at +4.65% since entry.
IQS Phase
78
in tension
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#61 / 167
US stocks in progress
Trade P&L %
+4.65%
from signal to date, no stop loss
Rank position
ranks 61st among the 167 Longs already running for US stocks in our ranking, with a signal strength of 59 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimein strong phase
Performanceweekly +1.90% · monthly +5.35%
ECL belongs to the materials sector (reference ETF XLB). The sector is classified in strong phase according to our weekly reading.
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