tradethepoolpool ads

How To Trade Ecolab ECL

This report provides trading strategies for Ecolab (NYSE: ECL) while incorporating risk controls.

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.

Longer Term Trading Plans for ECL
  • Buy ECL slightly over 212.81 target 221.90 stop loss @ 212.2 Details
  • The technical summary data tells us to buy ECL near 212.81 with an upside target of 221.90. This data also tells us to set a stop loss @ 212.2 to protect against excessive loss in case the stock begins to move against the trade. 212.81 is the first level of support below 220.83 , and by rule, any test of support is a buy signal. In this case, support 212.81 would be being tested, so a buy signal would exist.

  • Short ECL under 221.90, target 212.81, stop loss @ 222.54 Details
  • The technical summary data is suggesting a short of ECL as it gets near 221.90 with a downside target of 212.81. We should have a stop loss in place at 222.54though. 221.90 is the first level of resistance above 220.83, and by rule, any test of resistance is a short signal. In this case, if resistance 221.90 is being tested, so a short signal would exist.

Swing Trading Plans for ECL
  • Buy ECL slightly over 221.90, target 225.46, Stop Loss @ 221.26 Details
  • If 221.90 begins to break higher, the technical summary data tells us to buy ECL just slightly over 221.90, with an upside target of 225.46. The data also tells us to set a stop loss @ 221.26 in case the stock turns against the trade. 221.90 is the first level of resistance above 220.83, and by rule, any break above resistance is a buy signal. In this case, 221.90, 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 near 221.90, target 218.85, Stop Loss @ 222.54. Details
  • The technical summary data is suggesting a short of ECL if it tests 221.90 with a downside target of 218.85. We should have a stop loss in place at 222.54 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, 221.90, 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 221.90, target 222.75, Stop Loss @ 221.38 Details
  • If 221.90 begins to break higher, the technical summary data tells us to buy ECL just slightly over 221.90, with an upside target of 222.75. The data also tells us to set a stop loss @ 221.38 in case the stock turns against the trade. 221.90 is the first level of resistance above 220.83, and by rule, any break above resistance is a buy signal. In this case, 221.90, 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 near 221.90, target 218.85, Stop Loss @ 222.42. Details
  • The technical summary data is suggesting a short of ECL if it tests 221.90 with a downside target of 218.85. We should have a stop loss in place at 222.42 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, 221.90, 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.

ECL Ratings for December 06:

Term →Near Mid Long
Rating Weak Neutral Neutral
P1 0 0 212.81
P2 218.82 218.85 221.90
P3 222.75 225.46 230.78
Triggers may have already come
Support and Resistance Plot Chart for ECL

ECL Long Term Analysis for December 6 2021

Blue = Current Price
Red= Resistance
Green = Support

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Our Market Crash Leading Indicator is Evitar Corte.
  • Evitar Corte warned of market crash risk four times since 2000.

  • It identified the Internet Debacle before it happened.

  • It identified the Credit Crisis before it happened.

  • It identified the Corona Crash too.

  • See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change: Take a Trial