EMERA INC (EMA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EMA - CA2908761018 - Common Stock
We assign a technical rating of 2 out of 10 to EMA. In the last year, EMA was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, EMA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 47.22, a Stop Loss order could be placed below this zone.
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45.36
2 important support areas can be observed.
- A support zone ranging from 47.11 to 47.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.82 to 46.24. 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 47.80 to 49.53. 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 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) | 42.93 | NEUTRAL | The RSI value for EMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests EMA has a negative trend. |
| Stochastics (14,3) | 24.82 | NEUTRAL | The Stochastics value for EMA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.55 | LOW VOLATILITY | The low ATR as a percentage value for EMA suggests low volalility. |
| Average Directional Index/ADX (14) | 15.38 | NEGATIVE | The low ADX value for EMA suggests a weak or negative trend. |
47.47
+0.08 (+0.17%)
EMERA INC / EMA FAQ
What is the technical rating for EMA stock?
ChartMill assigns a technical rating of 2 / 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 42.9283. 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 47.22 and a resistance level at 47.8. Check the full technical report for our detailed analysis of EMA support and resistance levels.