EMERA INC (EMA) Technical Analysis
NYSE:EMA • CA2908761018
Current stock price
EMA Technical Rating and Analysis
Overall EMA gets a technical rating of 6 out of 10. 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 47 other stocks in this industry, of which 91% are performing better than EMA.
- The long and short term trends are both positive. This is looking good!
- In the last month EMA has a been trading in the 50.50 - 54.06 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.
EMA Weekly and Daily overview Charts
EMA Setup Rating and Analysis
EMA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 53.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.26, a Stop Loss order could be placed below this zone.
More info and screens
EMA Support and Resistance Analysis
45.77
4 important support areas can be observed.
- A support zone ranging from 50.94 to 52.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @49.85 from a trend line in the daily time frame.
- A support zone ranging from 48.04 to 49.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 46.23 to 47.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 53.51 to 53.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
EMA Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for EMA is up. |
| 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 | MIXED | The current price of EMA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EMA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EMA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.16 | NEUTRAL | The RSI value for EMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests EMA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.71 | NEUTRAL | The Stochastics value for EMA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for EMA suggests low volalility. |
| Average Directional Index/ADX (14) | 23.8 | NEUTRAL | The ADX value for EMA suggests a possible start of a new trend. |
EMA Chart- and CandleStick Pattern Analysis
EMA Example Setup
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 |
|---|---|---|---|
| 53.70 | 51.30 | 2.40 (4.47%) | 22.38% |
| An entry @53.70. This is a Buy Stop order right above the resistance zone. | An exit @51.30. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.40 points, which is 4.47%. | For a 1.00% total portfolio risk, you can invest 22.38% of your capital in this trade. |
- 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.
EMA Technicals: Chart, Performance Metrics, Trend & Indicators
52.5
-0.91 (-1.7%)
EMERA INC / EMA TA FAQ
What is the technical rating for EMA stock?
ChartMill assigns a technical rating of 6 / 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 EMERA INC (EMA) stock?
EMERA INC (EMA) has an RSI value of 53.1596. This indicates that the stock is currently neutral.
What is the short term momentum for EMERA INC (EMA) stock?
The short term momentum for EMERA INC (EMA) is positive.
What is the support and resistance level for EMA stock?
EMERA INC (EMA) has a support level at 52.26 and a resistance level at 53.51. Check the full technical report for our detailed analysis of EMA support and resistance levels.