Ecopetrol S.A. ADR (EC)
Ecopetrol S.A. ADR (NYSE: EC) has gained 3.61% over the past month, 10.40% over the past quarter, and 80.18% year to date. This compares with returns of 3.21%, 2.91%, and 17.63%, respectively, for the iShares MSCI ACWI ex U.S. ETF.
The shares currently hold an SIA SMAX score of 9 out of 10 and remain in the Favored Green Zone of the SIA International ADR Report. Ecopetrol is ranked 13th out of 255 securities, rising one position over the past week and two positions over the past month, while falling one position over the past quarter.
From a technical perspective, Ecopetrol’s most recent Point and Figure signal is a Double Top. Support is located at $16.46, followed by $14.33. On the upside, 3-box reversal resistance is extrapolated at $18.17, with additional resistance at $19.29 and a measured-move objective of $20.07.
The Energy sector provides a supportive relative-strength backdrop. Energy is currently ranked fourth out of 31 sectors in the SIA Sector Report, remains in the Favored Green Zone, and has risen six positions over the past quarter.
Ecopetrol is Colombia’s largest integrated energy company, with operations spanning oil and gas production, refining, transportation infrastructure, and electricity transmission. While the company’s technical profile remains strong, investment professionals may also consider its exposure to crude oil prices, the Colombian peso, government policy, and longer-term production risks.
The combination of a 9 out of 10 SIA SMAX score, a Favored Green Zone position, strong relative performance, and support from a highly ranked Energy sector provides a technical framework through which investment professionals can assess the shares alongside their own investment objectives, risk parameters, and portfolio-management processes.
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