Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 31	D	Weak or Absent	Up	Down	Flat	-22.29%
Jul 30	F	Weak or Absent	Down	Down	Down	-20.36%
Jul 29	F	Weak or Absent	Flat	Down	Down	-21.04%
Jul 26	D	Weak or Absent	Up	Down	Down	-22.15%
Jul 25	D	Weak or Absent	Up	Down	Down	-22.00%
Jul 24	D	Weak or Absent	Up	Down	Down	-21.42%
Jul 23	D	Weak or Absent	Up	Down	Down	-21.71%
Jul 22	D	Weak or Absent	Up	Down	Down	-22.94%
Jul 19	D	Weak or Absent	Up	Down	Down	-22.94%
Jul 18	D	Weak or Absent	Up	Down	Down	-23.37%