Taking this into account, Citigroup upgraded its Ecopetrol SA ADR [EC] rating to a Buy from a a Neutral in a research note published on February 18, 2025; the price target was increased to $14 from $9. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid February from “an Underweight” to “a Neutral”. JP Morgan also remained covering EC and has decreased its forecast on September 25, 2024 with a “an Underweight” recommendation from previously “Neutral” rating. BofA Securities revised its rating on May 30, 2024. It rated EC as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of EC
On Tuesday, Ecopetrol SA ADR [NYSE:EC] saw its stock fall -0.11% to $9.04. Over the last five days, the stock has gained 1.69%. Ecopetrol SA ADR shares have risen nearly 14.14% since the year began. Nevertheless, the stocks have fallen -19.76% over the past one year. While a 52-week high of $12.59 was reached on 02/19/25, a 52-week low of $7.21 was recorded on 04/09/25. SMA at 50 days reached $9.79, while 200 days put it at $9.19.
Levels Of Support And Resistance For EC Stock
The 24-hour chart illustrates a support level at 8.95, which if violated will result in even more drops to 8.86. On the upside, there is a resistance level at 9.16. A further resistance level may holdings at 9.29. The Relative Strength Index (RSI) on the 14-day chart is 45.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.84%. Stochastics %K at 44.21% indicates the stock is a holding.
How much short interest is there in Ecopetrol SA ADR?
A steep rise in short interest was recorded in Ecopetrol SA ADR stocks on 2025-03-31, dropping by -1.78 million shares to a total of 12.61 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 14.39 million shares. There was a decline of -14.13%, which implies that there is a negative sentiment for the stock.
