EME Technical Analysis - EMCOR GROUP INC

Technical Rating and Analysis

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.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that EME is one of the better performing stocks in the market, outperforming 88% of all stocks.

EME is part of the Construction & Engineering industry. There are 52 other stocks in this industry. EME outperforms 76% 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 596.17 - 655.92 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EMCOR GROUP INC / EME Weekly stock chart

Setup Rating and Analysis

Although EME has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

346.20

662.39

4 important support areas can be observed.

A support zone ranging from 624.01 to 630.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 600.99 to 612.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @391.86 from a trend line in the weekly time frame.
Support @349.70 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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	88.56	POSITIVE	EME has a high relative strength, it outperformed 88.56% 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)	65.83	NEUTRAL	The RSI value for EME is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.3	POSITIVE	The MACD value suggests EME has a positive trend.
Stochastics (14,3)	77.22	NEUTRAL	The Stochastics value for EME is a neutral value.
Average True Range in percent/ATR (20)	2.62	MEDIUM VOLATILITY	The ATR as a percentage value for EME suggests some volalility.
Average Directional Index/ADX (14)	12.48	NEGATIVE	The low ADX value for EME suggests a weak or negative trend.