US Ecology Technical Analysis (NASDAQ:ECOL)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. When a chart pattern that can predict future US Ecology stock price movements is formed, the ECOL stock chart can become a key tool for a technical analyst.
See US Ecology bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of US Ecology stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
US Ecology Moving Average:
Moving averages help predict the price direction of ECOL stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for US Ecology are mostly signals of long term trends and will help long term traders.
US Ecology Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like US Ecology. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. US Ecology bollinger bands show that the stock price is $47.95, upper band is 19.46, lower band is 10.19, and the average is 14.82.
US Ecology Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The US Ecology MACD line is above the signal line.
US Ecology Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 21.8 is the RSI value of ECOL stock. .