EMCOR GROUP INC (EME) Technical Analysis
NYSE:EME • US29084Q1004
Current stock price
724.93 USD
-26.4 (-3.51%)
At close:
729.99 USD
+5.06 (+0.7%)
Pre-Market:
EME Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to EME. EME was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that EME is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, EME also shows a nice and consistent pattern of rising prices.
- EME is one of the better performing stocks in the Construction & Engineering industry, it outperforms 76% of 56 stocks in the same industry.
- EME is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EME is performing more or less in line with the market.
- In the last month EME has a been trading in the 685.50 - 815.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EME Weekly and Daily overview Charts
EME Setup Rating and Analysis
Besides having an excellent technical rating, EME also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 712.63, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
EME Support and Resistance Analysis
346.20
820.93
We found 3 important support areas.
- A support zone ranging from 704.99 to 712.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @662.03 from a trend line in the daily time frame.
- Support @349.70 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 725.22 to 738.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 812.80 to 812.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
EME 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 | NEUTRAL | NEUTRAL | The short term trend for EME is neutral. |
| ChartMill Relative Strength | 93.67 | POSITIVE | EME has a high relative strength, it outperformed 93.67% 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) | 46.78 | NEUTRAL | The RSI value for EME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.8 | NEGATIVE | The MACD value suggests EME has a negative trend. |
| Stochastics (14,3) | 75.51 | NEUTRAL | The Stochastics value for EME is a neutral value. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for EME suggests some volalility. |
| Average Directional Index/ADX (14) | 22.9 | NEUTRAL | The ADX value for EME suggests a possible start of a new trend. |
EME Chart- and CandleStick Pattern Analysis
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)
EME Example Setup
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 |
|---|---|---|---|
| 738.81 | 704.98 | 33.83 (4.58%) | 21.84% |
| An entry @738.81. This is a Buy Stop order right above the resistance zone. | An exit @704.98. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 33.83 points, which is 4.58%. | For a 1.00% total portfolio risk, you can invest 21.84% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EME. Please evaluate whether better entry and exit points can be found.
- 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.
EME Technicals: Chart, Performance Metrics, Trend & Indicators
724.93
-26.4 (-3.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-3.51%
1 Week2.12%
2 Weeks2.71%
1 Month-10.81%
3 Month18.57%
6 Month14.7%
12 Month83.46%
2 Year107.01%
3 Year345.86%
5 Year546.34%
10 Year1391.63%
15 Year2240.75%
Volatility
ATR(14)24.32
ATR(20)%3.85%
ATR Inc46.31%
Range Today37.21
ADR(20)25.62
ADR(20)%3.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.67
3 months CRS91.62
6 months CRS85.79
Mansfield2.06
10 Day High757.24
10 Day Low685.5
20 Day High815.85
20 Day Low685.5
52 Week High835
52 Week Low320.89
CS1 End712.63
CR1 Start725.22
Volume & EV
DER(3)-0.3%
DER(5)-0.24%
Volume919.20K
Volume Incr10.89%
Vol(5)460.44K
Vol(50)389.20K
EMCOR GROUP INC / EME TA FAQ
Can you provide the ChartMill technical rating for EMCOR GROUP INC?
ChartMill assigns a technical rating of 7 / 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 46.7777. This indicates that the stock is currently neutral.
What is the short term momentum for EMCOR GROUP INC (EME) stock?
The short term momentum for EMCOR GROUP INC (EME) is neutral.