Ecopetrol S.a | EC

Daily Technical Analysis of Ecopetrol S.a

Ecopetrol S.a bobbled around today only ended up 0.74% since yesterday.

The company isn't at an immediate support or resistance level that might be predictive. Ecopetrol S.a hasn't been looking too hot recently, some shareholders have been dumping shares over the last few months which has been driving prices down. In the past 3 months, the asset has lost -18.36 of it's value. So it's not looking great, I'd probably wait for a clearer support level before coming in. EC might find some support at the 11.06 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Ecopetrol S.a By Price Target And Rating

The analysts are pretty neutral on Ecopetrol S.A right now, so not much useful information here. The current Analysts Sentiment Score is -0.92. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. JPMorgan Chase & Co. provided a price target decease of -4% to $12.00 from $12.50 on 2024-02-20. Jefferies Financial Group initiated a rating of Underperform on 2023-09-21 and provided a price target of $11.20. Citigroup downgraded from Buy to Neutral on 2023-09-13 and provided a price target of $12.50. Bank of America announced that they are initiating coverage with a rating of Neutral on 2023-08-23 and added a price target of $11.50. On 2023-08-18 The Goldman Sachs Group increased their price target by 11.2% to $13.90.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Ecopetrol S.A

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Ecopetrol S.A

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.