by Americanbulls.com LLC
Last Update
Last Signal: SELL
Last Close:
Percent change
Signal Update
Our system’s recommendation today is to SELL. The BEARISH ENGULFING pattern finally received a confirmation because the prices crossed below the confirmation level which was at 235.0000, and our valid average selling price stands now at 234.0000. The previous BUY signal was issued on 05/08/2020, 9 days ago, when the stock price was 237.0000. Since then EGCO has fallen by -1.27%.
Market Outlook
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. The bearish pattern that was previously identified is finally confirmed and a SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet. more...

Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This pattern is characterized by a large black body engulfing a preceding smaller white body, which appears during an uptrend. The black body does not necessarily engulf the shadows of the white body but totally engulfs the body itself. This is an important top reversal signal. more...
Signal History
14/08/2020234.0000SELL 141.59
05/08/2020237.0000BUY 143.98
23/07/2020248.0000SELL 144.56
15/07/2020251.0000BUY 146.90
08/07/2020259.0000SELL 147.49
02/07/2020252.0000BUY 144.08
11/06/2020271.0000SELL 144.66
20/05/2020257.5000BUY 138.01
15/05/2020261.0000SELL 138.56
12/05/2020271.0000BUY 144.45
05/05/2020273.0000SELL 145.03
20/04/2020243.0000BUY 129.61
15/04/2020252.0000SELL 130.13
19/03/2020192.1100BUY 99.60
† Trade commissions are taken as 0.40%.
14/08/2020234.0000SELL 169.25
05/08/2020237.0000BUY 172.11
23/07/2020248.0000SELL 172.80
15/07/2020251.0000BUY 175.59
08/07/2020259.0000SELL 176.30
02/07/2020252.0000BUY 172.22
11/06/2020271.0000SELL 172.91
20/05/2020257.5000BUY 164.96
15/05/2020261.0000SELL 165.62
12/05/2020271.0000BUY 172.66
05/05/2020273.0000SELL 173.35
20/04/2020243.0000BUY 154.92
15/04/2020252.0000SELL 155.54
19/03/2020192.1100BUY 119.05
13/02/2020305.0000SELL 119.53
04/02/2020307.0000BUY 120.80
16/01/2020340.9000SELL 121.29
19/12/2019317.5100BUY 113.42
22/11/2019354.0000SELL 113.88
08/11/2019346.0000BUY 111.75
06/11/2019348.8800SELL 112.20
04/11/2019354.0000BUY 114.30
28/10/2019376.7900SELL 114.76
11/10/2019356.1300BUY 108.90
04/10/2019351.8700SELL 109.34
26/09/2019350.1100BUY 109.23
20/09/2019351.8700SELL 109.67
16/09/2019349.1100BUY 109.25
11/09/2019354.8500SELL 109.69
30/08/2019335.0700BUY 103.99
28/08/2019329.4400SELL 104.41
15/08/2019313.0000BUY 99.60
† Trade commissions are taken as 0.40%.
14/08/2020234.0000SELL 216.45
05/08/2020237.0000BUY 220.11
23/07/2020248.0000SELL 220.99
15/07/2020251.0000BUY 224.56
08/07/2020259.0000SELL 225.46
02/07/2020252.0000BUY 220.25
11/06/2020271.0000SELL 221.13
20/05/2020257.5000BUY 210.96
15/05/2020261.0000SELL 211.81
12/05/2020271.0000BUY 220.81
05/05/2020273.0000SELL 221.70
20/04/2020243.0000BUY 198.13
15/04/2020252.0000SELL 198.93
19/03/2020192.1100BUY 152.26
13/02/2020305.0000SELL 152.87
04/02/2020307.0000BUY 154.49
16/01/2020340.9000SELL 155.11
19/12/2019317.5100BUY 145.05
22/11/2019354.0000SELL 145.63
08/11/2019346.0000BUY 142.91
06/11/2019348.8800SELL 143.48
04/11/2019354.0000BUY 146.17
28/10/2019376.7900SELL 146.76
11/10/2019356.1300BUY 139.27
04/10/2019351.8700SELL 139.83
26/09/2019350.1100BUY 139.69
20/09/2019351.8700SELL 140.25
16/09/2019349.1100BUY 139.71
11/09/2019354.8500SELL 140.27
30/08/2019335.0700BUY 132.98
28/08/2019329.4400SELL 133.51
15/08/2019313.0000BUY 127.36
30/07/2019329.9400SELL 127.87
25/07/2019333.0500BUY 129.59
19/07/2019332.9300SELL 130.11
08/07/2019330.0000BUY 129.48
04/07/2019326.9500SELL 130.00
22/05/2019283.0000BUY 112.98
10/05/2019294.0000SELL 113.43
03/05/2019298.0000BUY 115.44
26/04/2019296.0000SELL 115.90
12/04/2019290.0000BUY 114.01
05/04/2019292.0000SELL 114.47
19/03/2019275.0000BUY 108.24
15/03/2019275.0000SELL 108.67
27/02/2019268.0000BUY 106.33
25/02/2019267.0000SELL 106.76
20/02/2019268.0000BUY 107.59
12/02/2019267.0000SELL 108.02
18/01/2019252.0000BUY 102.36
16/01/2019248.0000SELL 102.77
04/01/2019249.0000BUY 103.60
26/12/2018248.0000SELL 104.02
28/11/2018236.0000BUY 99.38
19/11/2018236.0000SELL 99.78
13/11/2018231.0000BUY 98.06
06/11/2018228.0000SELL 98.45
30/10/2018230.0000BUY 99.71
26/09/2018235.0000SELL 100.11
07/09/2018227.0000BUY 97.09
31/08/2018226.0000SELL 97.48
24/08/2018230.0000BUY 99.60
† Trade commissions are taken as 0.40%.


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