EMERA INC (EMA.CA) Stock Technical Analysis
TSX:EMA - Toronto Stock Exchange - CA2908761018 - Common Stock - Currency: CAD
Taking everything into account, EMA scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EMA is showing a nice and steady performance.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that EMA is one of the better performing stocks in the market, outperforming 77% of all stocks. We also observe that the gains produced by EMA over the past year are nicely spread over this period.
EMA is one of the better performing stocks in the Electric Utilities industry, it outperforms 94% of 19 stocks in the same industry.
EMA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EMA is performing more or less in line with the market.
EMA has an average volume of 1377190 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 a tight range between 59.91 and 63.31.
Considerably lower volume is observed in the last couple of days.
EMA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 61.24, a Stop Loss order could be placed below this zone.
More info and screens
43.86
63.52
We found 4 important support areas.
- A support zone ranging from 60.45 to 61.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 57.66 to 58.73. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 61.55 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 | 77.18 | POSITIVE | EMA.CA has a high relative strength, it outperformed 77.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EMA.CA is below 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) | 51.68 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 27.28 | NEUTRAL | The Stochastics value for EMA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for EMA.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 17.14 | NEGATIVE | The low ADX value for EMA.CA suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 62.90 | 60.44 | 2.46 (3.91%) | 25.00% |
| An entry @62.90. This is a Buy Stop order right above the resistance zone. | An exit @60.44. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.46 points, which is 3.91%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.98%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:EMA (6/13/2025, 7:00:00 PM)
61.38
+0.26 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.43%
1 Week1.44%
2 Weeks-2.39%
1 Month2.21%
3 Month3.77%
6 Month12.29%
12 Month33.99%
2 Year12.5%
3 Year1.79%
5 Year14.9%
10 Year56.02%
15 Year149.31%
Volatility
ATR(14)0.79
ATR(20)%1.36%
ATR Inc-27.38%
Range Today0.62
ADR(20)0.83
ADR(20)%1.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.18
Mansfield0.81
10 Day High63.19
10 Day Low60.17
20 Day High63.31
20 Day Low59.91
52 Week High63.31
52 Week Low44.13
CS1 End61.24
CR1 Start61.55
Volume & EV
DER(3)-0.17%
DER(5)0.71%
Volume1.04M
Volume Incr-44.69%
Vol(5)652.64K
Vol(50)1.38M