EMCOR GROUP INC (EME) Stock Technical Analysis
USA - NYSE:EME - US29084Q1004 - Common Stock
Taking everything into account, EME scores 5 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
EME has an average technical rating and the quality of the presented setup is also 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.
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346.20
We found 3 important support areas.
- A support zone ranging from 639.29 to 649.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @403.81 from a trend line in the weekly 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 | DOWN | NEGATIVE | The short term trend for EME is down. |
| ChartMill Relative Strength | 80.96 | POSITIVE | EME has a high relative strength, it outperformed 80.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EME is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EME is below 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) | 44.52 | NEUTRAL | The RSI value for EME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -9.5 | NEGATIVE | The MACD value suggests EME has a negative trend. |
| Stochastics (14,3) | 18.72 | OVERSOLD | The low Stochastics value suggests EME may be oversold. |
| Average True Range in percent/ATR (20) | 4.7 | MEDIUM VOLATILITY | The ATR as a percentage value for EME suggests some volalility. |
| Average Directional Index/ADX (14) | 23.07 | NEUTRAL | The ADX value for EME suggests a possible start of a new trend. |
649.34
-4.41 (-0.67%)
EMCOR GROUP INC / EME FAQ
Can you provide the ChartMill technical rating for EMCOR GROUP INC?
ChartMill assigns a technical rating of 5 / 10 to EME.
What is the trend direction for 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 44.5182. This indicates that the stock is currently neutral.
Can you provide the short term momentum for EMCOR GROUP INC?
The short term momentum for EMCOR GROUP INC (EME) is negative.
What is the buy/sell signal for EME stock?
The buy/sell signal for EMCOR GROUP INC (EME) is hold as the short term and long term trends are mixed.