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. Just by looking at the US Ecology stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ECOL stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for US Ecology. 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 show the ECOL stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. 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. Currently the stock price of $56.85 is in the upper range of US Ecology bollinger bands.
US Ecology Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The US Ecology MACD indicator is below 0 indicating a bearish trend.
US Ecology Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ECOL stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.