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 10 out of 10 to EME. Both in the recent history as in the last year, EME has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
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. We also observe that the gains produced by EME over the past year are nicely spread over this period.
EME is part of the Construction & Engineering industry. There are 49 other stocks in this industry. EME outperforms 85% of them.
EME is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EME is lagging the market slightly.
EME is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, EME also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 618.21, a Stop Loss order could be placed below this zone.
More info and screens
346.20
645.73
When analyzing the support we can see 4 important areas.
- A support zone ranging from 617.50 to 618.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @586.85 from a trend line in the daily time frame.
- Support @377.43 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.
- A resistance zone ranging from 627.16 to 639.34. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The short term trend for EME is up. |
| ChartMill Relative Strength | 93.02 | POSITIVE | EME has a high relative strength, it outperformed 93.02% 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) | 67.84 | NEUTRAL | The RSI value for EME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.42 | NEGATIVE | The MACD value suggests EME has a negative trend. |
| Stochastics (14,3) | 62.15 | NEUTRAL | The Stochastics value for EME is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for EME suggests some volalility. |
| Average Directional Index/ADX (14) | 39.47 | POSITIVE | The high ADX value value for EME suggests a strong 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)
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 |
|---|---|---|---|
| 639.35 | 617.49 | 21.86 (3.42%) | 25.00% |
| An entry @639.35. This is a Buy Stop order right above the resistance zone. | An exit @617.49. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 21.86 points, which is 3.42%. | For a 0.85% total portfolio risk, you can invest 25.00% 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.
618.22
+0.71 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg0.11%
1 Week-1.03%
2 Weeks-2.65%
1 Month11.55%
3 Month40.69%
6 Month33.89%
12 Month73.77%
2 Year175.68%
3 Year419.86%
5 Year724.18%
10 Year1241.33%
15 Year2618.65%
Volatility
ATR(14)21.12
ATR(20)%2.88%
ATR Inc-47.54%
Range Today10.45
ADR(20)16.15
ADR(20)%2.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.02
Mansfield2.4
10 Day High667.64
10 Day Low595.62
20 Day High667.64
20 Day Low540
52 Week High667.64
52 Week Low320.89
CS1 End618.21
CR1 Start627.16
Volume & EV
DER(3)1.9%
DER(5)1.25%
Volume321.40K
Volume Incr-20.65%
Vol(5)317.10K
Vol(50)425.12K