Ecolab Inc Stock Forecast
Ecolab Inc stock price ended at $221.10 on Friday, after gaining 0.596%.
(Updated on Apr 26, 2024)
The Ecolab Inc stock price gained 0.596% on the last trading day (Friday, 26th Apr 2024), rising from $219.79 to $221.10. During the last trading day the stock fluctuated 1.71% from a day low at $218.25 to a day high of $221.99. The price has been going up and down for this period, and there has been a -0.27% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 42 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $241.31 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.49% during the next 3 months and, with a 90% probability hold a price between $234.93 and $261.42 at the end of this 3-month period.
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ECL Signals & Forecast
There are mixed signals in the stock today. The Ecolab Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $224.50. On a fall, the stock will find some support from the short-term average at $219.72. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -4.60%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Ecolab Inc stock
Ecolab Inc finds support from accumulated volume at $216.47 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.74 between high and low, or 1.71%. For the last week the stock has had daily average volatility of 1.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ECL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Ecolab Inc to open at $220.45, and during the day (based on 14 day Average True Range), to move between $217.96 and $224.24, which gives a possible trading interval of +/-$3.14 (+/-1.42%) up or down from last closing price. If Ecolab Inc takes out the full calculated possible swing range there will be an estimated 2.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $221.18 (0.04%) than the support at $216.47 (2.09%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Ecolab Inc will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.33. We will update the financials statements for Ecolab Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.65% in the first trading day after earnings release.
Is Ecolab Inc stock A Buy?
Ecolab Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.228 Sell Candidate Unchanged
Predicted Opening Price for Ecolab Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $220.45 ( 0.295%) | $221.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ECL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 224.19 | 1.40 % | |
| R2 | 222.76 | 0.750 % | ||
| R1 | 221.88 | 0.351 % | ||
| Current price: | 221.10 | |||
| Support | S1 | 219.02 | -0.94 % | |
| S2 | 218.14 | -1.34 % | ||
| S3 | 216.71 | -1.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 227.75 | 3.01 % | |
| R2 | 223.56 | 1.11 % | ||
| R1 | 221.18 | 0.0362 % | ||
| Current price | 221.10 | |||
| Support | S1 | 216.47 | -2.09% | |
| S2 | 215.38 | -2.59% | ||
| S3 | 195.55 | -11.56% |
ECL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Mar 18, 2024 | Apr 15, 2024 | $0.570 | 0.260% |
| 2 | Dec 07, 2023 | Dec 19, 2023 | Jan 16, 2024 | $0.570 | 0.286% |
| 3 | Dec 07, 2023 | Dec 18, 2023 | Jan 16, 2024 | $0.570 | 0.286% |
| 4 | Aug 03, 2023 | Sep 18, 2023 | Oct 16, 2023 | $0.530 | 0.319% |
| 5 | May 04, 2023 | Jun 16, 2023 | Jul 17, 2023 | $0.530 | 0.283% |
FAQ
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