EC:NYSEEcopetrol S.A. Analysis

The moving-average structure behind Ecopetrol S.A. is bullish at $16.78, with short-term averages leading the long-term ones. The last 30 days have gained 16.1%. Momentum indicators put RSI at 56.9 (neutral) with MACD reading bullish. Watch $15.40 as support and $17.43 as the nearer resistance level.
Valuation screens as undervalued: a P/E of 11.1 sits below the sector average of 19.4. The average analyst target implies 19.7% below today's level. Revenue is growing at 35.5% on a 10.2% profit margin. The 3.87% dividend yield looks covered by current payout levels.
Risk comes out at 5 of a possible 10, a moderate reading. With 30-day volatility of 35.1%, a beta of -0.10 and a maximum drawdown of 16.5%, position sizing matters here. The wider market backdrop reads extreme greed at 95 on the fear-greed composite.
Short, medium and long-term reads agree on buy, with conviction of 7/10.