Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 24	D	Weak or Absent	Up	Down	Down	-19.19%
Jan 23	D	Weak or Absent	Up	Down	Down	-18.70%
Jan 22	D	Weak or Absent	Up	Down	Down	-18.28%
Jan 19	D	Weak or Absent	Up	Down	Down	-18.77%
Jan 18	C	Weak or Absent	Up	Flat	Down	-19.12%
Jan 17	C	Weak or Absent	Up	Down	Down	-18.84%
Jan 16	C	Weak or Absent	Up	Flat	Down	-19.46%
Jan 12	B	Weak or Absent	Up	Up	Flat	-21.91%
Jan 11	C	Weak or Absent	Up	Up	Down	-21.20%
Jan 10	C	Weak or Absent	Up	Up	Down	-20.34%