EMERA INC (EMA.CA) Stock Technical Analysis
TSX:EMA - Toronto Stock Exchange - CA2908761018 - Common Stock - Currency: CAD
Overall EMA gets a technical rating of 7 out of 10. In the last year, EMA was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, EMA did better than 74% of all other stocks. We also observe that the gains produced by EMA over the past year are nicely spread over this period.
EMA is part of the Electric Utilities industry. There are 19 other stocks in this industry. EMA outperforms 100% of them.
EMA 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 EMA is lagging the market slightly.
EMA has an average volume of 1442140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month EMA has a been trading in the 59.02 - 63.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although EMA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
43.86
63.52
3 important support areas can be observed.
- A support zone ranging from 58.45 to 58.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @52.47 from a horizontal line in the weekly time frame.
- Support @44.30 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 60.87 to 62.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 EMA.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EMA.CA is neutral. |
| ChartMill Relative Strength | 74.06 | POSITIVE | EMA.CA has a high relative strength, it outperformed 74.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EMA.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EMA.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EMA.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.99 | NEUTRAL | The RSI value for EMA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests EMA.CA has a negative trend. |
| Stochastics (14,3) | 35.01 | NEUTRAL | The Stochastics value for EMA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.61 | LOW VOLATILITY | The low ATR as a percentage value for EMA.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 21.21 | NEUTRAL | The ADX value for EMA.CA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:EMA (6/6/2025, 7:00:00 PM)
60.51
-0.66 (-1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-1.08%
1 Week-3.77%
2 Weeks-1.79%
1 Month-2.06%
3 Month2.65%
6 Month8.29%
12 Month27.18%
2 Year10.91%
3 Year0.35%
5 Year13.27%
10 Year53.81%
15 Year145.78%
Volatility
ATR(14)0.94
ATR(20)%1.61%
ATR Inc-5.27%
Range Today0.83
ADR(20)0.96
ADR(20)%1.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.06
Mansfield0.66
10 Day High63.31
10 Day Low60.35
20 Day High63.31
20 Day Low59.02
52 Week High63.31
52 Week Low44.13
CS1 End58.57
CR1 Start60.87
Volume & EV
DER(3)-1.17%
DER(5)-0.85%
Volume1.27M
Volume Incr-18.54%
Vol(5)1.17M
Vol(50)1.44M