Is Ecopetrol SA (EC) a Stock to Watch After Gaining 8.57% This Week?

Ecopetrol SA (EC) stock is up 8.57% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Ecopetrol SA has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EC!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With EC Stock Today?

Ecopetrol SA (EC) stock is trading at $14.95 as of 1:32 PM on Wednesday, Jan 19, a gain of $0.12, or 0.81% from the previous closing price of $14.83. Volume today is above average. So far 874,765 shares have traded compared to average volume of 616,990 shares. The stock has traded between $14.83 and $15.36 so far today. To see InvestorsObserver's Sentiment Score for Ecopetrol SA click here.

More About Ecopetrol SA

Ecopetrol SA is a vertically integrated oil company with operations in Latin America and the United States Gulf Coast. Based out of Colombia, the company explores, develops, and conducts production activities in various countries. Ecopetrol works as the primary operator or partner in a joint venture, in a host of assets held onshore and offshore. Along with production, the company refines and markets crude oils and byproducts produced from its fields. Crude products are moved by Ecopetrol through a series of pipelines throughout Colombia, along with a network of third-party production centers and facilities. Click Here to get the full Stock Report for Ecopetrol SA stock.