Ecolab stock: buy or sell

ECL stock price: $210.77 -0.78% At close on Jan 15th, 2021

Updated on:
Jan 18th, 2021

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Ecolab stock brief

  • Counting last Friday, it's been 3 consecutive sessions in negative for Ecolab. Price closed last Friday at $210.77 after only moving a -0.78%.
  • From the chart point view, price is drawing a scaled uptrend since last October with higher tops and higher bottoms. Up to date, price marked a 16.54% profit since the beginning of this rally
  • G.Research and Gabelli published strong buy ratings for Ecolab last Friday, with an average forecast of $0.00
  • Ecolab Inc. provides water, hygiene, and energy technologies and services worldwide.

Should I buy Ecolab stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $ECL stock a buy?

In the current situation of Ecolab there is not any eligible buy setup. This doesn't mean we expect a selloff for $ECL in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Ecolab stock?

When you own a stock with some profit, it's really hard to decide the good moment to sell and get your profits. Like when we have to buy shares, determining when is appropiate time to sell is not a whimsy decision, and we must follow our own trading style. When selling, as well as buying, detailed setups are very easy to follow and are only valid for selling stocks in your porfolio, not for shorting $ECL stock

A golden rule is that you must never keep a trading operation that yields greater losses than those expected upon the buy. When to sell your stock should always be dictated by the stop-loss (automatic or manual)

Is it time to sell Ecolab stock?

Currently, Ecolab stock doesn't match any of our preferred sell setups, so if you hold Ecolab shares and your operation is in profit probably is not time to sell now

Price lost SMA50 level

Ecolab stock gained a 8.38% in a month while it was above the 50-day simple moving average. Last Thursday, price crossed down the 50-day SMA showing that the previous uptrend may have come to an end. This is a good time to review your current setup for this position and consider if it's time to sell

Price broke down below last bottom

Ecolab ratings

In the last month, 3 ratings were published for Ecolab. General sentiment is bullish, with 3 out of 3 publishing positive forecasts

Ecolab analysts' ratings - Last month
Brokerage firmRating
Jan 7th, 2021
Argus Strong buy
Jan 15th, 2021
G.Research NeutralStrong buy
Gabelli NeutralStrong buy

Ecolab stock analysis

Ecolab stock started an uptrend last October, and gained an amazing 16.54%. Rising highs and lows can be seen easily on a chart and how price action offered very few entry points on the breakouts. Latest low was in mid-December, when price bounced at $210.79. However, $ECL could not resume the uptrend after topping at $227.97, and dropped crossing its $210.79 support last Friday

SMAs overview

ECL stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $210.79 (0.01% above)
  • R2: $212.46 (0.80% above)
  • R3: $226.80 (7.61% above)
  • The current supports are:

  • S1: $209.26 (-0.72% below)
  • S2: $209.09 (-0.80% below)
  • S3: $207.29 (-1.65% below)
  • Bollinger bands

    Since the price surpassed the upper band on January 7, the price has corrected downwards by 7.54%. The price is trading very close to the lower Bollinger band, signaling some level of oversold in recent sessions. This is not a buy signal, as price can move in these levels for many days and weeks

    ECL stock Bollinger Bands chart

    Relative strength index

    The has been between the overbought and oversold zones for several weeks, and therefore, without this indicator really serving to help us make any decisions.

    ECL stock RSI chart

    Ecolab stock price history

    Ecolab started trading on Feb 21st, 1973 priced at $1.05 per share1. Since then, ECL stock has risen by 19,973.33%, with an average of 424.96% per year. An investment of thousand dollars at that time would worth $200,733.33 today.

    1: Adjusted price after possible price splits or reverse-splits

    ECL stock price history chart

    Price target for Ecolab stock

    Nobody can predict how much a share will be priced tomorrow. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions post their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental information by the company, and usually. Again, these predictions are not direct recommendations for individual traders and should not be followed blindly.

    There is just one price target issued for Ecolab that predicts a price of $250.00.

    Ecolab stock price predictions
    Brokerage firmPrice target
    Jan 7th, 2021
    Argus $215.00$250.00
    Jan 15th, 2021
    G.Research Not available
    Gabelli Not available

    Earnings and financials

    Earnings call was hosted by Ecolab ($ECL) last October after presenting the financial report. Ecolab posted earnings of $1.15 per share on sales of $3.0 billion. The market estimate was $1.13 per share on revenue of $3.0 billion.

    Compared to the same quarter one year ago, EPS was $1.71, so current EPS means a drop of -32.75%. Revenue dropped a -20.94% on an annualized basis in the , from $38.2B to $30.2B last quarter.

    Ecolab ($ECL) releases financial report mid next February. Forecasted for this quarter is $1.25, compared to $1.15 that was reported for Q3.

    Ecolab performance

    ECL performance compared
    Company1m3m6m
    Ecolab ($ECL) -5.10% 4.30% 0.90%

    Important note:
    The opinions given in this article are personal and not recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the specific circumstances of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for learning reasons only

    Ecolab summary

    Friday, January 15th, 2021
    Open$213.17
    Close$210.77
    Day range$209.79 - $213.98
    Previous close$212.43
    Session gain-0.78%
    Average true range$6.74
    50d mov avg$216.01
    100d mov avg$207.40
    200d mov avg$201.20
    Earnings dateFebruary 16th, 2021

    Frequently asked questions

    What is Ecolab stock symbol?

    Ecolab Inc. is a public company trading in the US stock market with the ECL symbol

    Is Ecolab stock a buy or sell?

    Ecolab received 3 ratings in the last 30 days: 3 bullish, 0 bearish and 0 neutral.

    Will ECL go up?

    Ecolab had different price predictions posted by market analysts in the last 4 weeks forecasting the target price to $250.00. That is a 18.61% than the current price ($210.77).