Buy Ecolab | NYSE – ECL | Short Term Trading Advice | Chemical Industries Sector | 20th Aug 2024 | Expected Gain 4% – 5%

Stock Market
NYSE, United States of America
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Ecolab
  • 282 - 285
  • 295 - 300
  • Below 276
  • 4% – 5%
  • 12 - 14 Days
  • Buy Ecolab
  • Buy
    Range
    282 - 285
  • Target 295 - 300
  • Stoploss Below 276
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Ecolab (NYSE: ECL) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • ECL
  • Ecolab
  • Chemical Industries
  • 285.11
  • 221.62
  • NYSE code ECL
  • Stock Name Ecolab
  • Sector Chemical Industries
  • 52 Weeks High 285.11
  • 52 Weeks Low 221.62
  • Company profile

    Ecolab Inc., founded in 1923 and headquartered in Saint Paul, Minnesota, is a global leader in water, hygiene, and infection prevention solutions. It operates through four segments: Global Industrial (water treatment and cleaning for industries like manufacturing, energy, and food processing), Global Institutional & Specialty (cleaning solutions for foodservice, hospitality, education, and retail), Global Healthcare & Life Sciences (infection prevention and contamination control for healthcare, pharma, and personal care), and Global Pest Elimination (services to detect and control pests across restaurants, hotels, and commercial sectors). Ecolab serves customers worldwide through direct sales, distributors, and corporate partnerships under brands such as Ecolab, Bioquell, Purolite, and Anios.

  • Ecolab (NYSE: ECL) vs NYSE - Relative Strength Comparison

    The image showcases Ecolab's 1-year performance relative to NYSE.
    Relative Performance - Last 1 Year
    ECL —   NYSE —

  • Ecolab (NYSE: ECL) - Technical Analysis (Daily)

    Ecolab - Daily Technical Analysis
    Ecolab - Daily Technical Analysis

    • After a long consolidation, the stock has formed a rounding bottom pattern.
    • With the recent breakout, the price is now at an all-time high and likely to see further upside.
  • Ecolab (NYSE: ECL) - RSI Indicator

    Ecolab stock analysis based on RSI Indicator
    Ecolab - RSI Indicator

    • Current RSI of this stock is 68.99, which indicates the strength of buyers.

  • Ecolab (NYSE: ECL) - ADX & DI Indicator

    Ecolab stock analysis based on ADX & DI Indicator
    Ecolab - ADX & DI Indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Ecolab (NYSE: ECL) - MACD Indicator

    Ecolab stock analysis based on MACD Indicator
    Ecolab - MACD Indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Conclusion - Ecolab (NYSE: ECL) Stock Price Forecast

    Based on our swing trading stock selection for USA market, Ecolab stock price target will be USD 295 - USD 300 in the next 12-14 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

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