EMERA INC (EMA.CA) Stock Technical Analysis
TSX:EMA - Toronto Stock Exchange - CA2908761018 - Common Stock - Currency: CAD
Overall EMA gets a technical rating of 8 out of 10. Although EMA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
EMA is one of the better performing stocks in the Electric Utilities industry, it outperforms 77% of 19 stocks in the same industry.
EMA is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so EMA is leading the market.
In the last month EMA has a been trading in the 61.63 - 65.35 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, EMA turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
Although EMA has an excellent technical rating, it does not offer a high quality setup 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
65.71
When analyzing the support we can see 4 important areas.
- A support zone ranging from 62.16 to 64.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 60.48 to 60.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 57.66 to 58.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.30 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 64.51 to 65.06. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for EMA.CA is up. |
| ChartMill Relative Strength | 69.39 | NEUTRAL | EMA.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EMA.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EMA.CA is above 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) | 63.62 | NEUTRAL | The RSI value for EMA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests EMA.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.63 | OVERBOUGHT | The high Stochastics value suggests EMA.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.1 | LOW VOLATILITY | The low ATR as a percentage value for EMA.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 30.96 | POSITIVE | The high ADX value value for EMA.CA suggests a strong 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 (8/1/2025, 7:00:00 PM)
64.5
-0.56 (-0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.86%
1 Week0.72%
2 Weeks2.9%
1 Month3.88%
3 Month6.17%
6 Month16.81%
12 Month29.75%
2 Year27.34%
3 Year6.14%
5 Year21.13%
10 Year41.57%
15 Year146.18%
Volatility
ATR(14)0.74
ATR(20)%1.1%
ATR Inc11.86%
Range Today0.81
ADR(20)0.67
ADR(20)%1.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.39
Mansfield0.68
10 Day High65.35
10 Day Low62.5
20 Day High65.35
20 Day Low61.63
52 Week High65.35
52 Week Low48.53
CS1 End64.04
CR1 Start64.51
Volume & EV
DER(3)3.48%
DER(5)2.85%
Volume792.48K
Volume Incr51.77%
Vol(5)1.11M
Vol(50)864.33K