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Pure Technical Analysis of Ecolab Inc.





Part1: An Overview of the Analysis



Chapter I:

An introductory chapter looks at the price history of ECL by applying Classical Time Series Analysis. Some of the patterns seen here will prove to be important in further analysis. See ECL Classical Analysis.

Chapter II:

This survey looks at historical volatility of Ecolab Inc. prices. The risks associated with long and short term positions can be evaluated according to projected shapes of the Volatility Curve. See Ecolab Inc. Price Volatility.

Chapter III:

Historical Volume Trends are analyzed here, revealing seasonal patterns and the influence of the Business Cycle. See ECL Historical Volume.

Chapter IV:

The Traditional Seasonal Analysis of Price Trends can still yield valuable predictive information. See ECL Seasonal Trends.

Chapter V:

Moving Averages of various flavours are popular indicators. Here we test the predictive ability of different averages as applied to prediction of Ecolab Inc. prices. See Running Averages.




Part 2: Analysis



Chapter VI:

Technical Oscillators are compared to test their power as buy or sell signals for speculating in ECL stock. We conduct an extensive investigation of the popular "RSI" of Welles Wilder and some of its variations. See Technical Oscillators

Chapter VII:

Price Analysis according to Political Factors reveals some surprising results. Computing trends against the November based political calendar may give better predictions than the traditional calculations based on the January calendar year! See Politics and Prices of ECL.

Chapter VIII:

Volume Stratification Analysis tracks the volumes associated with price levels over the entire history of a stock. The resulting analysis yields a framework for understanding the mechanism behind support and resistance levels, and a scientific basis for predicting price behaviors due to those levels. See Volumetric Analysis

Chapter IX:

Analysis of Market Momentum as the product of Price and Volume drives an interpretation considerably more sophisticated than those that consider Price Momentum alone. See Momentum Investing Indicators.

Chapter X:

Technical Analysis discovers the range of moods of investors toward ECL. See Market Sentiment.

Chapter XI:

This section visualizes mappings based on the number of consecutive price movements in a particular direction. A discussion of the "Monte Carlo Fallacy" and it's relevance to Stock Price Prediction leads to a revisionist method of Price Projection using the Bernoulli Analysis. See Bernoulli Analysis of Ecolab Inc.

Chapter XII:

The traditional techniques of Candlestick Analysis may seem fanciful, but certain aspects are firmly grounded in the science of Investor Psychology. See Candlestick Analysis.

Chapter XIII:

Multi-spectral analysis reveals behavioral features of ECL prices that may not be apparent to ordinary analysis. See Multi-Spectral Analysis.

Chapter XIV:

Combining the historical behavior surfaces with the geometry of long standing periodic price oscillations yields a behavior surface of more than three dimensions which has an extremely low residual error compared to other methods of analysis. See Price Behavior Surfaces.




Part 3: Synthesis and Projections for the Future



Chapter XVI:

Forecasts are gathered from several sources to predict future price movements. See ECL Price Predictions.