Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Very Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 14	D	Very Strong	Down	Down	Up	2.26%
Nov 13	F	Very Strong	Down	Down	Down	7.40%
Nov 12	F	Very Strong	Down	Down	Down	5.97%
Nov 11	F	Very Strong	Down	Down	Down	5.40%
Nov 8	F	Strong	Down	Down	Down	7.40%
Nov 7	F	Strong	Down	Down	Down	3.33%
Nov 6	F	Strong	Down	Down	Down	4.43%
Nov 5	F	Strong	Down	Down	Down	4.56%
Nov 4	F	Strong	Down	Down	Down	3.88%
Nov 1	F	Strong	Down	Down	Down	4.01%