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Encana Corporation (ECA) - Buy, Sell or Hold?

Sector: Energy   Sub-Sector: Oil & Gas Production
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 15 Jun 2017NoneBearish EngulfingWed, 07 Jun 2017-2.44%
***Stock database and scans are updated around midnight (New York time) every trading day.
8.46 0.00 (0%) Jun 23 4:01pm EDT
Open: 8.28 Range: 8.19 - 8.50 Vol: 14.71M Avg Vol: 11.15M
EPS: -0.15 P/E ratio: 0.00 EBITDA: 980.00M Mkt Cap: 8.55B
Analyze "ECA" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 11.66
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 10.84
Last Trade is below the 50 day moving average at 11.08
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 11.27
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of ECA

Stock Trend Analysis - Buy, Sell or Hold "Encana Corporation" (ECA)?

Although ECA is currently trading below its 200 day moving average, it is prudent to note that in the last 52 weeks, ECA has been trading above the 200 day moving average for 89% of the time with an average daily volume of 11.1M shares changing hands. This could portend a sustained reversal in trend, or just a slight bump in the road prior to resuming its bullish bias.For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also indicating range bound trading with a bearish bias. Objectively, as long as ECA is trading below its 200 SMA, rallies will be sold into and traders can expect a lot of resistance near the 200 SMA currently at 11.27. Technically there are too many uncertainties to recommend a buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "ECA".

The analyst consensus estimates for the 1 year price target for this stock is $14.05* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 15 Jun 2017
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