EMERA INC (EMA) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:EMA • CA2908761018
We assign a technical rating of 5 out of 10 to EMA. Although EMA is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, EMA is a bad performer in the overall market: 100% of all stocks are doing better.
- EMA is part of the Electric Utilities industry. There are 46 other stocks in this industry, of which 93% are performing better than EMA.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- In the last month EMA has a been trading in the 47.46 - 50.85 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Volume is considerably higher in the last couple of days.
EMA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 49.83, a Stop Loss order could be placed below this zone.
More info and screens
45.57
We found 2 important support areas.
- A support zone ranging from 47.05 to 49.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.03 to 46.24. 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 49.86 to 50.43. 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 is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EMA is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | EMA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EMA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EMA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 55.32 | NEUTRAL | The RSI value for EMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EMA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.32 | NEUTRAL | The Stochastics value for EMA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for EMA suggests low volalility. |
| Average Directional Index/ADX (14) | 18.61 | NEGATIVE | The low ADX value for EMA suggests a weak or negative trend. |
49.85
+0.79 (+1.61%)
EMERA INC / EMA FAQ
What is the technical rating for EMA stock?
ChartMill assigns a technical rating of 5 / 10 to EMA.
Can you provide the trend direction for EMERA INC?
The current trend direction for EMERA INC (EMA) is Bullish.
What is the RSI signal for EMA stock?
EMERA INC (EMA) has an RSI value of 55.3247. This indicates that the stock is currently neutral.
What is the MACD signal for EMERA INC (EMA) stock?
The MACD indicator for EMERA INC (EMA) has a value of -0.0190199, indicating a bearish trend.
What are the support and resistance levels for EMERA INC (EMA) stock?
EMERA INC (EMA) has a support level at 49.83 and a resistance level at 49.86. Check the full technical report for our detailed analysis of EMA support and resistance levels.