When the Price of Ecolab $ECL Talks, People Listen

September 17, 2023, 02:15 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ECL

• Buy ECL slightly over 176.06 target 184.44 stop loss @ 175.55 Details

The technical summary data tells us to buy ECL near 176.06 with an upside target of 184.44. This data also tells us to set a stop loss @ 175.55 to protect against excessive loss in case the stock begins to move against the trade. 176.06 is the first level of support below 177.96 , and by rule, any test of support is a buy signal. In this case, support 176.06 would be being tested, so a buy signal would exist.

• Short ECL slightly under 184.44, target 176.06, stop loss @ 184.97 Details

The technical summary data is suggesting a short of ECL as it gets near 184.44 with a downside target of 176.06. We should have a stop loss in place at 184.97though. 184.44 is the first level of resistance above 177.96, and by rule, any test of resistance is a short signal. In this case, if resistance 184.44 is being tested, so a short signal would exist.

Swing Trading Plans for ECL

• Buy ECL slightly over 179.46, target 183.88, Stop Loss @ 178.94 Details

If 179.46 begins to break higher, the technical summary data tells us to buy ECL just slightly over 179.46, with an upside target of 183.88. The data also tells us to set a stop loss @ 178.94 in case the stock turns against the trade. 179.46 is the first level of resistance above 177.96, and by rule, any break above resistance is a buy signal. In this case, 179.46, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ECL slightly near 179.46, target 176.06, Stop Loss @ 179.98. Details

The technical summary data is suggesting a short of ECL if it tests 179.46 with a downside target of 176.06. We should have a stop loss in place at 179.98 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 179.46, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ECL

• Buy ECL slightly over 178.57, target 179.46, Stop Loss @ 178.15 Details

If 178.57 begins to break higher, the technical summary data tells us to buy ECL just slightly over 178.57, with an upside target of 179.46. The data also tells us to set a stop loss @ 178.15 in case the stock turns against the trade. 178.57 is the first level of resistance above 177.96, and by rule, any break above resistance is a buy signal. In this case, 178.57, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ECL slightly near 178.57, target 176.06, Stop Loss @ 178.99. Details

The technical summary data is suggesting a short of ECL if it tests 178.57 with a downside target of 176.06. We should have a stop loss in place at 178.99 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 178.57, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Ecolab (ECL) available here: ECL.

ECL Ratings for September 17:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	176.06
P2	178.57	179.46	184.44
P3	182.18	183.88	193.69

AI Generated Signals for ECL

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Ecolab (NYSE: ECL) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ECL can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.