EMCOR GROUP INC (EME) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:EME • US29084Q1004
Overall EME gets a technical rating of 10 out of 10. Both in the recent history as in the last year, EME has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, EME did better than 89% of all other stocks.
- EME is part of the Construction & Engineering industry. There are 55 other stocks in this industry. EME outperforms 75% of them.
- EME is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month EME has a been trading in the 618.09 - 747.78 range, which is quite wide. It is currently trading near the high of this range.
Although EME has an excellent technical rating, the quality of the presented setup is not ideal 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
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4 important support areas can be observed.
- A support zone ranging from 661.43 to 671.12. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @628.17 from a trend line in the daily time frame.
- Support @581.58 from a horizontal line in the daily time frame.
- Support @349.70 from a horizontal line in the weekly 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 | 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 | 89.7 | POSITIVE | EME has a high relative strength, it outperformed 89.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EME is above the rising 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) | 70.34 | OVERBOUGHT | The high RSI value suggests EME may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.86 | POSITIVE | The MACD value suggests EME has a positive trend. |
| Stochastics (14,3) | 85.56 | OVERBOUGHT | The high Stochastics value suggests EME may be overbought. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for EME suggests some volalility. |
| Average Directional Index/ADX (14) | 22.31 | NEUTRAL | The ADX value for EME suggests a possible start of a new trend. |
744.53
+12.86 (+1.76%)
EMCOR GROUP INC / EME FAQ
Can you provide the ChartMill technical rating for EMCOR GROUP INC?
ChartMill assigns a technical rating of 10 / 10 to EME.
What is the current trend direction of EMCOR GROUP INC (EME) stock?
The current trend direction for EMCOR GROUP INC (EME) is Bullish.
What is the RSI signal for EMCOR GROUP INC (EME) stock?
EMCOR GROUP INC (EME) has an RSI value of 70.3384. This indicates that the stock is currently overbought.
What is the short term momentum for EMCOR GROUP INC (EME) stock?
The short term momentum for EMCOR GROUP INC (EME) is positive.
What is the buy/sell signal for EMCOR GROUP INC (EME) stock?
The buy/sell signal for EMCOR GROUP INC (EME) is buy as both the short term and long term trends are positive.