EMERA INC (EMA) Technical Analysis
NYSE:EMA • CA2908761018
Current stock price
EMA Technical Rating and Analysis
Overall EMA gets a technical rating of 4 out of 10. 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.
- 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 one of the lesser performing stocks in the Electric Utilities industry. 91% of 47 stocks in the same industry do better.
- In the last month EMA has a been trading in the 50.45 - 53.91 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
EMA Weekly and Daily overview Charts
EMA Setup Rating and Analysis
EMA has an average technical rating and the quality of the presented setup is also not ideal 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
EMA Support and Resistance Analysis
45.77
We found 4 important support areas.
- A support zone ranging from 50.81 to 50.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.72 to 49.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @47.88 from a trend line 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 | 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) | DOWN | NEGATIVE | The current price of EMA is below 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) | 47.8 | NEUTRAL | The RSI value for EMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests EMA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.73 | NEUTRAL | The Stochastics value for EMA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for EMA suggests low volalility. |
| Average Directional Index/ADX (14) | 22.08 | NEUTRAL | The ADX value for EMA suggests a possible start of a new trend. |
EMA Chart- and CandleStick Pattern Analysis
EMA Technicals: Chart, Performance Metrics, Trend & Indicators
51.38
-0.19 (-0.37%)
EMERA INC / EMA TA FAQ
What is the technical rating for EMA stock?
ChartMill assigns a technical rating of 4 / 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 47.7961. 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 -0.264815, indicating a bearish trend.
What are the support and resistance levels for EMERA INC (EMA) stock?
EMERA INC (EMA) has a support level at 50.99 and a resistance level at 53.51. Check the full technical report for our detailed analysis of EMA support and resistance levels.