WESTERN ASSET EMRG MRKT DBT (EMD) Stock Technical Analysis
NYSE:EMD • US95766A1016
We assign a technical rating of 7 out of 10 to EMD. 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.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- EMD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EMD is lagging the market slightly.
- When comparing the performance of all stocks over the past year, EMD turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
- In the last month EMD has a been trading in a tight range between 10.80 and 11.30.
Although EMD has an excellent technical rating, it 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
8.87
4 important support areas can be observed.
- A support zone ranging from 10.84 to 10.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.48 to 10.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 10.18 to 10.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.96 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.06 to 11.31. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for EMD is neutral. |
| ChartMill Relative Strength | 59.87 | NEUTRAL | EMD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EMD is below 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) | 47.32 | NEUTRAL | The RSI value for EMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EMD has a negative trend. |
| Stochastics (14,3) | 44.21 | NEUTRAL | The Stochastics value for EMD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for EMD suggests low volalility. |
| Average Directional Index/ADX (14) | 42.22 | POSITIVE | The high ADX value value for EMD suggests a strong trend. |
10.99
-0.04 (-0.36%)
WESTERN ASSET EMRG MRKT DBT / EMD FAQ
What is the ChartMill technical rating of WESTERN ASSET EMRG MRKT DBT (EMD) stock?
ChartMill assigns a technical rating of 7 / 10 to EMD.
Can you provide the trend direction for WESTERN ASSET EMRG MRKT DBT?
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 47.3195. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for WESTERN ASSET EMRG MRKT DBT?
WESTERN ASSET EMRG MRKT DBT (EMD) has a support level at 10.91 and a resistance level at 11.06. Check the full technical report for our detailed analysis of EMD support and resistance levels.