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Ecolab $ECL Investment Analysis and Advice

Longer Term Trading Plans for ECL
  • Buy ECL slightly over 156.79 target n/a stop loss @ 156.34. Details
  • The technical summary data tells us to buy ECL near 156.79, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 156.34 to protect against excessive loss in case the stock begins to move against the trade. 156.79 is the first level of support below 171.005, and by rule, any test of support is a buy signal. In this case, if support 156.79 is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for ECL
  • Buy ECL slightly over 174.63, target n/a, Stop Loss @ 174.13 Details
  • If 174.63 begins to break higher, the technical summary data tells us to buy ECL just slightly over 174.63, with an upside target of n/a. The data also tells us to set a stop loss @ 174.13 in case the stock turns against the trade. 174.63 is the first level of resistance above 171.005, and by rule, any break above resistance is a buy signal. In this case, 174.63, 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 174.63, target 168.79, Stop Loss @ 175.13. Details
  • The technical summary data is suggesting a short of ECL if it tests 174.63 with a downside target of 168.79. We should have a stop loss in place at 175.13 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, 174.63, 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 174.63, target 178.04, Stop Loss @ 174.22 Details
  • If 174.63 begins to break higher, the technical summary data tells us to buy ECL just slightly over 174.63, with an upside target of 178.04. The data also tells us to set a stop loss @ 174.22 in case the stock turns against the trade. 174.63 is the first level of resistance above 171.005, and by rule, any break above resistance is a buy signal. In this case, 174.63, 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 174.63, target 168.79, Stop Loss @ 175.04. Details
  • The technical summary data is suggesting a short of ECL if it tests 174.63 with a downside target of 168.79. We should have a stop loss in place at 175.04 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, 174.63, 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.

This is a snapshot. Real Time Updates are available on our ECL Page.

ECL Ratings for May 04:

Term →Near Mid Long
Rating Strong Neutral Weak
P1 0 0 132.10
P2 174.61 168.79 144.95
P3 178.04 174.63 156.79
Triggers may have already come
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Support and Resistance Plot Chart for ECL

ECL Long Term Analysis for May 4 2023

Blue = Current Price
Red= Resistance
Green = Support

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Prudent Investment Analysis requires observations of the support and resistance levels for Ecolab (NYSE: ECL) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ECL change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ECL is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ECL too.  All of these are offered below the Summary Table.