EM Technical Analysis - EMAK SPA

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to EM. Although EM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Both the short term and long term trends are positive. This is a very positive sign.

EM is part of the Household Durables industry. There are 34 other stocks in this industry. EM outperforms 72% of them.

EM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EM is lagging the market slightly.

EM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.

When compared to the yearly performance of all other stocks, EM outperforms 54% of them, which is more or less in line with the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although EM has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.83

1.02

We found 3 important support areas.

A support zone ranging from 0.95 to 0.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @0.86 from a horizontal line in the daily time frame.
A support zone ranging from 0.84 to 0.84. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 0.99 to 1.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for EM.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for EM.MI is up.
ChartMill Relative Strength	54.34	NEUTRAL	EM.MI is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of EM.MI is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of EM.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of EM.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	51.56	NEUTRAL	The RSI value for EM.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests EM.MI has a negative trend.
Stochastics (14,3)	54.4	NEUTRAL	The Stochastics value for EM.MI is a neutral value.
Average True Range in percent/ATR (20)	2	LOW VOLATILITY	The low ATR as a percentage value for EM.MI suggests low volalility.
Average Directional Index/ADX (14)	31.27	POSITIVE	The high ADX value value for EM.MI suggests a strong trend.