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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
Tue, 22 Aug 2017NoneDojiMon, 31 Jul 2017-9.64%
***Stock database and scans are updated around midnight (New York time) every trading day.
9.25 0.00 (0%) Aug 23 4:01pm EDT
Open: 9.03 Range: 9.02 - 9.39 Vol: 6.7M Avg Vol: 13.17M
EPS: 0.84 P/E ratio: 10.83 EBITDA: 1.68B Mkt Cap: 8.85B
Analyze "ECA" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 9.10
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 9.63
Last Trade is below the 50 day moving average at 9.25
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 11.00
* 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)?

ECA is trading below its 200 day moving average and objectively, many will consider the long term trend to be down. Care must however be taken with this view as in its last 52 week trading history, it is noted that ECA has been range bound with a slight upward bias, having traded above the 200 SMA about 69% of the time. 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 range bound, although it manages to maintain a bullish bias. Objectively, as long as ECA is trading below its 200 SMA, rallies will be sold into and this stock faces tough resistance above. 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 $12.94* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 22 Aug 2017
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