EMCOR GROUP INC (EME) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EME - US29084Q1004 - Common Stock
Taking everything into account, EME scores 5 out of 10 in our technical rating. EME has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
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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When analyzing the support we can see 4 important areas.
- A support zone ranging from 627.97 to 635.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @618.03 from a trend line in the daily time frame.
- A support zone ranging from 581.57 to 581.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @349.70 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 646.28 to 655.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 76.17 | POSITIVE | EME has a high relative strength, it outperformed 76.17% 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) | DOWN | MIXED | The current price of EME is above a declining 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) | 55.53 | NEUTRAL | The RSI value for EME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.12 | POSITIVE | The MACD value suggests EME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.41 | NEUTRAL | The Stochastics value for EME is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for EME suggests some volalility. |
| Average Directional Index/ADX (14) | 18.47 | NEGATIVE | The low ADX value for EME suggests a weak or negative trend. |
646.27
+18 (+2.87%)
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 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 55.5271. 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.