EVOLUTION METALS & TECHNOLOG (EMAT) Technical Analysis
NASDAQ:EMAT • US30054B1070
Current stock price
EMAT Technical Rating and Analysis
Overall EMAT gets a technical rating of 5 out of 10. EMAT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 100% of all other stocks performed better in the past year than EMAT.
- EMAT is part of the Metals & Mining industry. There are 163 other stocks in this industry, of which 86% are performing better than EMAT.
- The long and short term trends are both positive. This is looking good!
- In the last month EMAT has a been trading in the 7.26 - 10.44 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
EMAT Weekly and Daily overview Charts
EMAT Setup Rating and Analysis
EMAT has an average technical rating and it also does not offer a high 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
EMAT Support and Resistance Analysis
7.22
2 important support areas can be observed.
- Support @8.86 from a horizontal line in the daily time frame.
- Support @7.29 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.71 to 9.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
EMAT 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 EMAT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EMAT is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | EMAT 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 EMAT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EMAT is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 63.27 | NEUTRAL | The RSI value for EMAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests EMAT has a positive trend. |
| Stochastics (14,3) | 75.52 | NEUTRAL | The Stochastics value for EMAT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.79 | HIGH VOLATILITY | The high ATR as a percentage value for EMAT suggests high volalility. |
| Average Directional Index/ADX (14) | 28.07 | POSITIVE | The high ADX value value for EMAT suggests a strong trend. |
EMAT Chart- and CandleStick Pattern Analysis
EMAT Technicals: Chart, Performance Metrics, Trend & Indicators
9.7
+0.13 (+1.36%)
EVOLUTION METALS & TECHNOLOG / EMAT TA FAQ
What is the technical rating for EMAT stock?
ChartMill assigns a technical rating of 5 / 10 to EMAT.
What is the current trend direction of EVOLUTION METALS & TECHNOLOG (EMAT) stock?
The current trend direction for EVOLUTION METALS & TECHNOLOG (EMAT) is Bullish.
What is the RSI signal for EMAT stock?
EVOLUTION METALS & TECHNOLOG (EMAT) has an RSI value of 63.2731. This indicates that the stock is currently neutral.
What is the MACD signal for EVOLUTION METALS & TECHNOLOG (EMAT) stock?
The MACD indicator for EVOLUTION METALS & TECHNOLOG (EMAT) has a value of 0.123271, indicating a bearish trend.
What is the short term momentum for EMAT stock?
The short term momentum for EVOLUTION METALS & TECHNOLOG (EMAT) is positive.