A Deep Analysis of Echo Global Logistics, Inc. (NASDAQ:ECHO) (2020-01-06)

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REPORTING FOR 2020-01-06 | WCX19.ORG: We have done an in-depth analysis of how ECHO has been trading over the last 2 weeks and the past day especially. On its latest session, Echo Global Logistics, Inc. (NASDAQ:ECHO) opened at 20.17, reaching a high of 20.4 and a low of 19.96 before closing at a price of 20.4. There was a total volume of 222135.

VOLUME INDICATORS FOR ECHO GLOBAL LOGISTICS, INC. (NASDAQ:ECHO): We saw an accumulation-distribution index of 394.2736, an on-balance volume of 20.49, chaikin money flow of 2.82609 and a force index of 0.21. There was an ease of movement rating of -0.00205, a volume-price trend of -0.7014 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR ECHO GLOBAL LOGISTICS, INC. (NASDAQ:ECHO): We noted an average true range of 0.41261, bolinger bands of 20.62997, an upper bollinger band of 19.64003, lower bollinger band of 19.96, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 20.17667, high band keltner channel of 19.94667, low band keltner channel of 20.40667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 19.96, a donchian channel low band of 19.96, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR ECHO GLOBAL LOGISTICS, INC. (NASDAQ:ECHO): We calculated a Moving Average Convergence Divergence (MACD) of 0.00785, a MACD signal of 0.00436, a MACD difference of 0.00349, a fast Exponential Moving Average (EMA) indicator of 19.96, a slow Exponential Moving Average (EMA) indicator of 19.96, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.60269, a trix of -3.18201, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of 0.71197, a KST Oscillator (KST) of -34.44142 and a KST Oscillator (KST Signal) of -34.44142 (leaving a KST difference of 4.23278). We also found an Ichimoku rating of 20.285, an Ichimoku B rating of 20.285, a Ichimoku visual trend A of 21.20639, an Ichimoku visual trend B of 21.08897, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR ECHO GLOBAL LOGISTICS, INC. (NASDAQ:ECHO): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 50.74212, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -161.78136, a stochastic oscillator of 191.30435, a stochastic oscillator signal of 191.30435, a Williams %R rating of 91.30435 and an awesome oscillator of 0.10408.

RETURNS FOR ECHO GLOBAL LOGISTICS, INC. (NASDAQ:ECHO): There was a daily return of -3.44414, a daily log return of 1.73831 and a cumulative return of 1.75351.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2020-01-06 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Echo Global Logistics, Inc. (NASDAQ:ECHO)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Echo Global Logistics, Inc. (NASDAQ:ECHO) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.