EMCOR GROUP INC (EME) Stock Technical Analysis
NYSE:EME - US29084Q1004 - Common Stock
620 USD
-13.25 (-2.09%)
620 USD
0 (0%)
Overall EME gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EME is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that EME is one of the better performing stocks in the market, outperforming 90% of all stocks.
EME is part of the Construction & Engineering industry. There are 53 other stocks in this industry. EME outperforms 80% of them.
EME 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 EME is lagging the market slightly.
In the last month EME has a been trading in the 589.30 - 640.38 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Besides having an excellent technical rating, EME also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 625.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 617.15, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
346.20
645.73
3 important support areas can be observed.
- A support zone ranging from 605.12 to 617.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @383.33 from a trend line in the weekly time frame.
- Support @349.70 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 625.33 to 639.34. 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 EME is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EME is up. |
| ChartMill Relative Strength | 90.96 | POSITIVE | EME has a high relative strength, it outperformed 90.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EME is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EME is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.39 | NEUTRAL | The RSI value for EME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.87 | NEGATIVE | The MACD value suggests EME has a negative trend. |
| Stochastics (14,3) | 71.36 | NEUTRAL | The Stochastics value for EME is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for EME suggests some volalility. |
| Average Directional Index/ADX (14) | 23.65 | NEUTRAL | The ADX value for EME suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 639.35 | 605.11 | 34.24 (5.36%) | 18.67% |
| An entry @639.35. This is a Buy Stop order right above the resistance zone. | An exit @605.11. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 34.24 points, which is 5.36%. | When investing 18.67% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
620
-13.25 (-2.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-2.09%
1 Week1.6%
2 Weeks2.37%
1 Month-0.75%
3 Month31.39%
6 Month51.62%
12 Month57.74%
2 Year176.48%
3 Year421.36%
5 Year726.56%
10 Year1245.19%
15 Year2626.47%
Volatility
ATR(14)15.55
ATR(20)%2.4%
ATR Inc6.8%
Range Today21.61
ADR(20)14.81
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.96
Mansfield2.04
10 Day High634.27
10 Day Low589.3
20 Day High640.38
20 Day Low589.3
52 Week High667.64
52 Week Low320.89
CS1 End617.15
CR1 Start625.33
Volume & EV
DER(3)-0.41%
DER(5)-0.1%
Volume353.30K
Volume Incr-1.45%
Vol(5)350.22K
Vol(50)385.84K