Overall EMBK gets a technical rating of 3 out of 10. 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.
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
2.46
When analyzing the support we can see 2 important 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.
4 important resistance areas can be observed.
- 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.
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. |
2.88
+0.01 (+0.35%)
Embark Technology Inc / EMBK FAQ
Can you provide the ChartMill technical rating for Embark Technology Inc?
ChartMill assigns a technical rating of 3 / 10 to EMBK.
What is the current trend direction of Embark Technology Inc (EMBK) stock?
The current trend direction for Embark Technology Inc (EMBK) is Bearish.
What is the RSI signal for EMBK stock?
Embark Technology Inc (EMBK) has an RSI value of 58.6506. This indicates that the stock is currently neutral.
What is the short term momentum for Embark Technology Inc (EMBK) stock?
The short term momentum for Embark Technology Inc (EMBK) is positive.
What is the support and resistance level for EMBK stock?
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.