REPORTING FOR 2019-12-04 | MARKETREFLEX.COM: With the assistance of the Beat The Market Analyzer software and our own in-house methods, we have conducted a deep analysis of how ECO has been trading over the last 2 weeks and the past day especially. On its latest session, Eco [Atlantic] Oil & Gas Ltd (LON:ECO) opened at 51.0001, reaching a high of 52.5 and a low of 49.0 before closing at a price of 50.0. There was a total volume of 1884568.
VOLUME INDICATORS: We saw an accumulation-distribution index of 274.03071, an on-balance volume of -52.5, chaikin money flow of 3.66698 and a force index of 5.0. There was an ease of movement rating of 0.15715, a volume-price trend of -27.16896 and a negative volume index of 1000.0. What do these volume indicators mean for ECO? Click here for an explanation.
VOLATILITY: We noted an average true range of 6.47659, bolinger bands of 52.19975, an upper bollinger band of 42.30025, lower bollinger band of 49.0, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 50.83337, high band keltner channel of 49.33347, low band keltner channel of 52.33327, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 49.0, a donchian channel low band of 49.0, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0. What do these volatility indicators mean for ECO? Click here for an explanation.
TREND: We calculated a Moving Average Convergence Divergence (MACD) of -0.07853, a MACD signal of -0.04363, a MACD difference of -0.0349, a fast Exponential Moving Average (EMA) indicator of 49.0, a slow Exponential Moving Average (EMA) indicator of 49.0, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.06536, a trix of -53.68817, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of 64.27123, a KST Oscillator (KST) of -567.41001 and a KST Oscillator (KST Signal) of -567.41001 (leaving a KST difference of -7.72482). We also found an Ichimoku rating of 51.75005, an Ichimoku B rating of 51.75005, a Ichimoku visual trend A of 119.95031, an Ichimoku visual trend B of 112.16581, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0. What do these trend indicators mean for ECO? Click here for an explanation.
MOMENTUM: We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 30.78942, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -5.7593, a stochastic oscillator of 233.34889, a stochastic oscillator signal of 233.34889, a Williams %R rating of 133.34889 and an awesome oscillator of -0.27384. What do these momentum indicators mean for ECO? Click here for an explanation.
RETURNS: There was a daily return of -56.741, a daily log return of -7.4108 and a cumulative return of -7.14286.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-12-04 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Eco [Atlantic] Oil & Gas Ltd (LON:ECO)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Eco [Atlantic] Oil & Gas Ltd (LON:ECO) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.
Mailing address: 937 Lee Avenue, Camden NJ 08102
Email: [email protected]
Latest posts by Julia Owens (see all)
- Crucial Facts On Zymeworks Inc. (TSE:ZYME) (Just Released) (2019-12-10) - December 11, 2019
- What Is Happening With Yellow Pages Limited (TSE:Y)? (2019-12-10) - December 11, 2019
- Strange Happenings On Yangarra Resources Ltd. (TSE:YGR) (2019-12-10) - December 11, 2019