EMCOR GROUP INC (EME) Stock Technical Analysis
NYSE:EME - New York Stock Exchange, Inc. - US29084Q1004 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to EME. EME has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
EME has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 474.92, a Stop Loss order could be placed below this zone.
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346.20
3 important support areas can be observed.
- A support zone ranging from 465.92 to 474.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @361.69 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.
- Resistance @486.81 from a trend line in the daily 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 | 86.86 | POSITIVE | EME has a high relative strength, it outperformed 86.86% 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) | 58.12 | NEUTRAL | The RSI value for EME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.91 | NEGATIVE | The MACD value suggests EME has a negative trend. |
| Stochastics (14,3) | 49.29 | NEUTRAL | The Stochastics value for EME is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for EME suggests some volalility. |
| Average Directional Index/ADX (14) | 19.06 | NEGATIVE | The low ADX value for EME suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 486.82 | 465.91 | 20.91 (4.30%) | 23.28% |
| An entry @486.82. This is a Buy Stop order right above the resistance zone. | An exit @465.91. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 20.91 points, which is 4.30%. | When investing 23.28% 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.
474.93
+3.04 (+0.64%)