Ecopetrol Stock Forecast - Day Typical Price
| EC Stock | USD 12.13 0.10 0.83% |
Ecopetrol Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Ecopetrol stock prices and determine the direction of Ecopetrol SA ADR's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Ecopetrol's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Ecopetrol's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Ecopetrol's systematic risk associated with finding meaningful patterns of Ecopetrol fundamentals over time.
Check out Historical Fundamental Analysis of Ecopetrol to cross-verify your projections. Ecopetrol |
Open Interest Against 2024-06-21 Ecopetrol Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Ecopetrol's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Ecopetrol's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Ecopetrol stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Ecopetrol's open interest, investors have to compare it to Ecopetrol's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Ecopetrol is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Ecopetrol. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Ecopetrol cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Ecopetrol's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Ecopetrol's price structures and extracts relationships that further increase the generated results' accuracy.
Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.| Previous Day Typical Price | Day Typical Price | Trend |
| 11.45 | 11.54 |
| Check Ecopetrol Volatility | Backtest Ecopetrol | Trend Details |
Ecopetrol Trading Date Momentum
| On January 12 2024 Ecopetrol SA ADR was traded for 11.37 at the closing time. The highest price during the trading period was 12.28 and the lowest recorded bid was listed for 11.37 . The volume for the day was 1.1 M. This history from January 12, 2024 contributed to the next trading day price growth. The overall trading delta to the next closing price was 0.98% . The overall trading delta to the current price is 7.90% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
| Compare Ecopetrol to competition |
Other Forecasting Options for Ecopetrol
For every potential investor in Ecopetrol, whether a beginner or expert, Ecopetrol's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ecopetrol Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ecopetrol. Basic forecasting techniques help filter out the noise by identifying Ecopetrol's price trends.Ecopetrol Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ecopetrol stock to make a market-neutral strategy. Peer analysis of Ecopetrol could also be used in its relative valuation, which is a method of valuing Ecopetrol by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ecopetrol SA ADR Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Ecopetrol's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Ecopetrol's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Ecopetrol Market Strength Events
Market strength indicators help investors to evaluate how Ecopetrol stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ecopetrol shares will generate the highest return on investment. By undertsting and applying Ecopetrol stock market strength indicators, traders can identify Ecopetrol SA ADR entry and exit signals to maximize returns.
Ecopetrol Risk Indicators
The analysis of Ecopetrol's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Ecopetrol's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ecopetrol stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.28 | |||
| Semi Deviation | 1.62 | |||
| Standard Deviation | 1.77 | |||
| Variance | 3.15 | |||
| Downside Variance | 3.75 | |||
| Semi Variance | 2.63 | |||
| Expected Short fall | (1.25) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Ecopetrol SA ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ecopetrol's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ecopetrol Sa Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ecopetrol Sa Adr Stock:Check out Historical Fundamental Analysis of Ecopetrol to cross-verify your projections. Note that the Ecopetrol SA ADR information on this page should be used as a complementary analysis to other Ecopetrol's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Ecopetrol Stock analysis
When running Ecopetrol's price analysis, check to measure Ecopetrol's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ecopetrol is operating at the current time. Most of Ecopetrol's value examination focuses on studying past and present price action to predict the probability of Ecopetrol's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ecopetrol's price. Additionally, you may evaluate how the addition of Ecopetrol to your portfolios can decrease your overall portfolio volatility.
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Stocks Directory Find actively traded stocks across global markets | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum |
Is Ecopetrol's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ecopetrol. If investors know Ecopetrol will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ecopetrol listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.29) | Earnings Share 2.44 | Revenue Per Share 33 K | Quarterly Revenue Growth (0.19) | Return On Assets 0.0881 |
The market value of Ecopetrol SA ADR is measured differently than its book value, which is the value of Ecopetrol that is recorded on the company's balance sheet. Investors also form their own opinion of Ecopetrol's value that differs from its market value or its book value, called intrinsic value, which is Ecopetrol's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ecopetrol's market value can be influenced by many factors that don't directly affect Ecopetrol's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ecopetrol's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ecopetrol is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ecopetrol's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.