Ecolab Inc. Stock Forecast
Green day on Monday for Ecolab Inc. stock after gaining 1.11%
(Updated on Jun 17, 2024)
The Ecolab Inc. stock price gained 1.11% on the last trading day (Monday, 17th Jun 2024), rising from $239.48 to $242.14. During the last trading day the stock fluctuated 2.07% from a day low at $237.24 to a day high of $242.14. The price has risen in 7 of the last 10 days and is up by 6.14% over the past 2 weeks. Volume fell on the last day by -545 shares and in total, 514 shares were bought and sold for approximately $124.46 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $239.29, a level that may pose a second chance to hit a runner. According to fan-theory $251.42 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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0IFA.L Signals & Forecast
The Ecolab Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $240.09 and $232.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 6.65%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Ecolab Inc. stock
Ecolab Inc. finds support from accumulated volume at $241.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $4.90 between high and low, or 2.07%. For the last week the stock has had daily average volatility of 1.18%
Our recommended stop-loss: $230.47 (-4.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (0IFA.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Ecolab Inc. to open at $240.51, and during the day (based on 14 day Average True Range), to move between $239.17 and $245.11, which gives a possible trading interval of +/-$2.97 (+/-1.22%) up or down from last closing price. If Ecolab Inc. takes out the full calculated possible swing range there will be an estimated 2.45% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $241.16, some $0.98 (0.41%) from the current price of $242.14, our system finds the risk reward attractive.
Is Ecolab Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Ecolab Inc. stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back.
Current score: 4.406 Buy Candidate Unchanged
Predicted Opening Price for Ecolab Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $240.51 ( 0.675%) | $242.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0IFA.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 245.41 | 1.35% |
| R2 | 243.54 | 0.576% |
| R1 | 242.38 | 0.0985% |
| Price | 242.14 | |
| S1 | 238.63 | -1.45% |
| S2 | 237.48 | -1.93% |
| S3 | 235.61 | -2.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 242.14 | |
| S1 | 241.16 | -0.407% |
| S2 | 232.55 | -3.96% |
| S3 | 219.53 | -9.34% |
0IFA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 18, 2024 | Jun 18, 2024 | Jul 15, 2024 | $0.570 | 0.237% |
| 2 | Mar 18, 2024 | Mar 18, 2024 | Apr 15, 2024 | $0.570 | 0.258% |
| 3 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.570 | 0.289% |
| 4 | Sep 18, 2023 | Sep 18, 2023 | Sep 18, 2023 | $0.530 | 0.299% |
| 5 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | $0.530 | 0.292% |
FAQ
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