EMERA INC (EMA) Stock Technical Analysis
USA - NYSE:EMA - CA2908761018 - Common Stock
Taking everything into account, EMA scores 3 out of 10 in our technical rating. EMA was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
The technical rating of EMA is bad and it also does not present a 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
45.36
We found 1 important support area.
- A support zone ranging from 45.82 to 46.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 47.72 to 48.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 49.47 to 49.53. 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 | DOWN | NEGATIVE | The short term trend for EMA is down. |
| 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) | DOWN | NEGATIVE | The current price of EMA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EMA is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 42.81 | NEUTRAL | The RSI value for EMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests EMA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.11 | NEUTRAL | The Stochastics value for EMA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for EMA suggests low volalility. |
| Average Directional Index/ADX (14) | 21.62 | NEUTRAL | The ADX value for EMA suggests a possible start of a new trend. |
47.57
-0.28 (-0.59%)
EMERA INC / EMA FAQ
What is the technical rating for EMA stock?
ChartMill assigns a technical rating of 3 / 10 to EMA.
What is the trend direction for EMA stock?
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 42.8085. This indicates that the stock is currently neutral.
What is the short term momentum for EMA stock?
The short term momentum for EMERA INC (EMA) is negative.
Can you provide the support and resistance levels for EMERA INC?
EMERA INC (EMA) has a support level at 46.79 and a resistance level at 47.72. Check the full technical report for our detailed analysis of EMA support and resistance levels.