EMBECTA CORP (EMBC) Stock Technical Analysis
NASDAQ:EMBC - Nasdaq - US29082K1051 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to EMBC. EMBC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, EMBC is a bad performer in the overall market: 81% of all stocks are doing better.
EMBC is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so EMBC is lagging the market.
In the last month EMBC has a been trading in the 10.27 - 13.45 range, which is quite wide. It is currently trading near the lows of this range.
EMBC is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry, EMBC did better than 52% of them.
The technical rating of EMBC is bad and it also does not present a 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
10.34
13.06
When analyzing the support we notice one important area.
- A support zone ranging from 10.44 to 10.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 11.23 to 11.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.78 to 12.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.93 from a trend 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 | DOWN | NEGATIVE | The long term trend for EMBC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EMBC is down. |
| ChartMill Relative Strength | 19.32 | NEGATIVE | EMBC has a low relative strength, it was outperformed by 80.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EMBC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EMBC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EMBC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.2 | NEUTRAL | The RSI value for EMBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests EMBC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.58 | OVERSOLD | The low Stochastics value suggests EMBC may be oversold. |
| Average True Range in percent/ATR (20) | 6.8 | HIGH VOLATILITY | The high ATR as a percentage value for EMBC suggests high volalility. |
| Average Directional Index/ADX (14) | 14.65 | NEGATIVE | The low ADX value for EMBC suggests a weak or negative 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)
10.53
+0.08 (+0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.77%
1 Week0.24%
2 Weeks-9.69%
1 Month-14.25%
3 Month-22%
6 Month-49.45%
12 Month-14.87%
2 Year-61.94%
3 Year-57.51%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.72
ATR(20)%6.8%
ATR Inc-57.31%
Range Today0.3
ADR(20)0.69
ADR(20)%6.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.32
Mansfield-3.04
10 Day High12.56
10 Day Low10.27
20 Day High13.45
20 Day Low10.27
52 Week High21.48
52 Week Low10.27
CS1 End10.52
CR1 Start11.23
Volume & EV
DER(3)-2.44%
DER(5)-1.6%
Volume833.30K
Volume Incr37.17%
Vol(5)771.38K
Vol(50)607.89K