EMERALD HOLDING INC (EEX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EEX - US29103W1045 - Common Stock
We assign a technical rating of 4 out of 10 to EEX. Recently some decent action could be observed, but in the medium term time frame this is still negative. EEX was also a bad performer in the overall market in the last year.
EEX has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 4.36, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EEX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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3.26
5 important support areas can be observed.
- A support zone ranging from 4.26 to 4.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.74 from a trend line in the daily time frame.
- Support @3.57 from a horizontal line in the weekly time frame.
- Support @3.46 from a horizontal line in the daily time frame.
- Support @3.29 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @4.70 from a horizontal line in the weekly time frame.
- Resistance @4.88 from a trend line in the weekly time frame.
- A resistance zone ranging from 5.09 to 5.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @5.30 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for EEX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EEX is up. |
| ChartMill Relative Strength | 27.9 | NEGATIVE | EEX has a low relative strength, it was outperformed by 72.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EEX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EEX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EEX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.96 | NEUTRAL | The RSI value for EEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EEX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.85 | NEUTRAL | The Stochastics value for EEX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.31 | HIGH VOLATILITY | The high ATR as a percentage value for EEX suggests high volalility. |
| Average Directional Index/ADX (14) | 34.37 | POSITIVE | The high ADX value value for EEX suggests a strong trend. |
4.55
+0.08 (+1.79%)
EMERALD HOLDING INC / EEX FAQ
What is the technical rating for EEX stock?
ChartMill assigns a technical rating of 4 / 10 to EEX.
What is the current trend direction of EMERALD HOLDING INC (EEX) stock?
The current trend direction for EMERALD HOLDING INC (EEX) is Bearish.
What is the RSI signal for EMERALD HOLDING INC (EEX) stock?
EMERALD HOLDING INC (EEX) has an RSI value of 55.9594. This indicates that the stock is currently neutral.
What is the MACD signal for EMERALD HOLDING INC (EEX) stock?
The MACD indicator for EMERALD HOLDING INC (EEX) has a value of 0.014895, indicating a bearish trend.