Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 22	B	Weak or Absent	Up	Up	Flat	-20.61%
Dec 21	B	Weak or Absent	Up	Up	Flat	-20.61%
Dec 20	C	Weak or Absent	Up	Up	Down	-19.25%
Dec 19	B	Weak or Absent	Up	Up	Up	-20.94%
Dec 18	B	Weak or Absent	Up	Up	Up	-21.54%
Dec 15	B	Weak or Absent	Up	Up	Up	-20.87%
Dec 14	B	Weak or Absent	Up	Up	Up	-21.78%
Dec 13	B	Weak or Absent	Up	Up	Up	-20.06%
Dec 12	C	Weak or Absent	Up	Up	Down	-17.99%
Dec 11	B	Weak or Absent	Up	Up	Flat	-19.99%