Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 17	C	Weak or Absent	Up	Down	Down	-12.12%
Jan 16	C	Weak or Absent	Up	Flat	Down	-12.79%
Jan 12	B	Weak or Absent	Up	Up	Flat	-15.45%
Jan 11	C	Weak or Absent	Up	Up	Down	-14.67%
Jan 10	C	Weak or Absent	Up	Up	Down	-13.74%
Jan 9	C	Weak or Absent	Up	Up	Down	-14.96%
Jan 8	B	Weak or Absent	Up	Up	Up	-16.21%
Jan 5	A	Weak or Absent	Up	Up	Up	-18.21%
Jan 4	A	Weak or Absent	Up	Up	Up	-16.00%
Jan 3	A	Weak or Absent	Up	Up	Up	-16.68%