EMCOR GROUP INC (EME) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EME - US29084Q1004 - Common Stock
611.41 USD
-1.45 (-0.24%)
611.41 USD
0 (0%)
We assign a technical rating of 3 out of 10 to EME. Although EME is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, we notice that EME is one of the better performing stocks in the market, outperforming 77% of all stocks.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
EME is part of the Construction & Engineering industry. There are 54 other stocks in this industry, EME did better than 60% of them.
EME is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EME is lagging the market.
In the last month EME has a been trading in the 564.92 - 645.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EME has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
346.20
654.50
When analyzing the support we can see 4 important areas.
- Support @610.62 from a trend line in the weekly time frame.
- Support @600.02 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 612.10 to 627.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 639.59 to 648.02. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for EME is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EME is down. |
| ChartMill Relative Strength | 77.67 | POSITIVE | EME has a high relative strength, it outperformed 77.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EME is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EME is below 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) | 45.3 | NEUTRAL | The RSI value for EME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests EME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 29.31 | NEUTRAL | The Stochastics value for EME is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for EME suggests some volalility. |
| Average Directional Index/ADX (14) | 22.14 | NEUTRAL | The ADX value for EME suggests a possible start of a new trend. |
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)
611.41
-1.45 (-0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-0.24%
1 Week-1.96%
2 Weeks-1.96%
1 Month4.86%
3 Month-3.26%
6 Month26.06%
12 Month31.25%
2 Year183.81%
3 Year312.81%
5 Year568.5%
10 Year1172.71%
15 Year2009.77%
Volatility
ATR(14)21.39
ATR(20)%3.34%
ATR Inc-12.13%
Range Today14.8
ADR(20)19.45
ADR(20)%3.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.67
3 months CRS35.28
6 months CRS82.39
Mansfield0.54
10 Day High645.32
10 Day Low591.25
20 Day High645.32
20 Day Low564.92
52 Week High778.64
52 Week Low320.89
CS1 End610.62
CR1 Start612.1
Volume & EV
DER(3)1.64%
DER(5)0.71%
Volume891.20K
Volume Incr22.44%
Vol(5)510.38K
Vol(50)469.71K
EMCOR GROUP INC / EME FAQ
Can you provide the ChartMill technical rating for EMCOR GROUP INC?
ChartMill assigns a technical rating of 3 / 10 to EME.
What is the trend direction for EME stock?
The current trend direction for EMCOR GROUP INC (EME) is Bearish.
What is the RSI signal for EMCOR GROUP INC (EME) stock?
EMCOR GROUP INC (EME) has an RSI value of 45.2993. 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.