Embark Technology Inc (EMBK) Technical Analysis
NASDAQ:EMBK • US29079J2024
Current stock price
EMBK Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to EMBK. Recently some decent action could be observed, but in the medium term time frame this is still negative. EMBK was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, EMBK is a bad performer in the overall market: 91% of all stocks are doing better.
- EMBK is one of the lesser performing stocks in the Software industry. 66% of 272 stocks in the same industry do better.
- EMBK is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month EMBK has a been trading in a tight range between 2.78 and 2.89.
- Volume is considerably higher in the last couple of days.
EMBK Weekly and Daily overview Charts
EMBK Setup Rating and Analysis
The technical rating of EMBK 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
EMBK Support and Resistance Analysis
2.46
We found 2 important support areas.
- A support zone ranging from 2.77 to 2.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.48 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.89 to 2.90. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @3.01 from a horizontal line in the daily time frame.
- Resistance @3.06 from a horizontal line in the daily time frame.
- Resistance @4.14 from a trend line in the daily time frame.
EMBK 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 | DOWN | NEGATIVE | The long term trend for EMBK is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EMBK is up. |
| ChartMill Relative Strength | 9.55 | NEGATIVE | EMBK has a low relative strength, it was outperformed by 90.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EMBK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EMBK is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EMBK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.65 | NEUTRAL | The RSI value for EMBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests EMBK has a positive trend. |
| Stochastics (14,3) | 90.91 | OVERBOUGHT | The high Stochastics value suggests EMBK may be overbought. |
| Average True Range in percent/ATR (20) | 0.82 | LOW VOLATILITY | The low ATR as a percentage value for EMBK suggests low volalility. |
| Average Directional Index/ADX (14) | 11.89 | NEGATIVE | The low ADX value for EMBK suggests a weak or negative trend. |
EMBK Chart- and CandleStick Pattern Analysis
EMBK Technicals: Chart, Performance Metrics, Trend & Indicators
2.88
+0.01 (+0.35%)
Embark Technology Inc / EMBK TA FAQ
Can you provide the ChartMill technical rating for Embark Technology Inc?
ChartMill assigns a technical rating of 3 / 10 to EMBK.
Can you provide the trend direction for Embark Technology Inc?
The current trend direction for Embark Technology Inc (EMBK) is Bearish.
What is the RSI signal for Embark Technology Inc (EMBK) stock?
Embark Technology Inc (EMBK) has an RSI value of 58.6506. This indicates that the stock is currently neutral.
What is the MACD signal for Embark Technology Inc (EMBK) stock?
The MACD indicator for Embark Technology Inc (EMBK) has a value of 0.00183616, indicating a bearish trend.
Can you provide the support and resistance levels for Embark Technology Inc?
Embark Technology Inc (EMBK) has a support level at 2.85 and a resistance level at 2.89. Check the full technical report for our detailed analysis of EMBK support and resistance levels.