WESTERN ASSET EMRG MRKT DBT (EMD) Stock Technical Analysis
USA - NYSE:EMD - US95766A1016
Taking everything into account, EMD scores 7 out of 10 in our technical rating. Although EMD is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, EMD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.55, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EMD in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
8.89
3 important support areas can be observed.
- A support zone ranging from 10.18 to 10.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.01 from a horizontal line in the daily time frame.
- Support @8.98 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.61 to 10.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 EMD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EMD is up. |
| ChartMill Relative Strength | 65.15 | NEUTRAL | EMD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.44 | NEUTRAL | The RSI value for EMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EMD has a positive trend. |
| Stochastics (14,3) | 89.74 | OVERBOUGHT | The high Stochastics value suggests EMD may be overbought. |
| Average True Range in percent/ATR (20) | 1.23 | LOW VOLATILITY | The low ATR as a percentage value for EMD suggests low volalility. |
| Average Directional Index/ADX (14) | 12.36 | NEGATIVE | The low ADX value for EMD suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.67 | 10.26 | 0.41 (3.84%) | 25.00% |
| An entry @10.67. This is a Buy Stop order right above the resistance zone. | An exit @10.26. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.41 points, which is 3.84%. | For a 0.96% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.6
-0.01 (-0.09%)
WESTERN ASSET EMRG MRKT DBT / EMD FAQ
Can you provide the ChartMill technical rating for WESTERN ASSET EMRG MRKT DBT?
ChartMill assigns a technical rating of 7 / 10 to EMD.
What is the current trend direction of WESTERN ASSET EMRG MRKT DBT (EMD) stock?
The current trend direction for WESTERN ASSET EMRG MRKT DBT (EMD) is Bullish.
What is the RSI signal for EMD stock?
WESTERN ASSET EMRG MRKT DBT (EMD) has an RSI value of 58.4441. This indicates that the stock is currently neutral.
Can you provide the short term momentum for WESTERN ASSET EMRG MRKT DBT?
The short term momentum for WESTERN ASSET EMRG MRKT DBT (EMD) is positive.
Can you provide the buy/sell signal for WESTERN ASSET EMRG MRKT DBT?
The buy/sell signal for WESTERN ASSET EMRG MRKT DBT (EMD) is buy as both the short term and long term trends are positive.