EMERA INC (EMA) Stock Technical Analysis
NYSE:EMA - New York Stock Exchange, Inc. - CA2908761018 - Common Stock - Currency: USD
Taking everything into account, EMA scores 5 out of 10 in our technical rating. In the last year, EMA was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
100% of all other stocks performed better in the past year than EMA.
EMA is part of the Electric Utilities industry. There are 47 other stocks in this industry, of which 97% are performing better than EMA.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month EMA has a been trading in the 45.07 - 49.01 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 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 very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
43.60
48.04
When analyzing the support we can see 3 important areas.
- A support zone ranging from 47.03 to 47.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @45.13 from a horizontal line in the daily time frame.
- Support @44.04 from a horizontal line in the daily time frame.
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) | 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) | 57.61 | NEUTRAL | The RSI value for EMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests EMA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.96 | NEUTRAL | The Stochastics value for EMA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.37 | LOW VOLATILITY | The low ATR as a percentage value for EMA suggests low volalility. |
| Average Directional Index/ADX (14) | 27.1 | POSITIVE | The high ADX value value for EMA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
47.56
+0.45 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.96%
1 Week-1.06%
2 Weeks1.19%
1 Month5.36%
3 MonthN/A
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%1.37%
ATR Inc12%
Range Today0.77
ADR(20)0.6
ADR(20)%1.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High49.01
10 Day Low46.51
20 Day High49.01
20 Day Low45.07
52 Week HighN/A
52 Week LowN/A
CS1 End47.55
CR1 StartN/A
Volume & EV
DER(3)-0.23%
DER(5)1.02%
Volume251.84K
Volume Incr92.86%
Vol(5)165.19K
Vol(50)125.05K