EMCOR GROUP INC (EME) Technical Analysis
NYSE:EME • US29084Q1004
Current stock price
EME Technical Rating and Analysis
Taking everything into account, EME scores 10 out of 10 in our technical rating. 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!
- Looking at the yearly performance, EME did better than 92% of all other stocks. We also observe that the gains produced by EME over the past year are nicely spread over this period.
- EME is one of the better performing stocks in the Construction & Engineering industry, it outperforms 70% of 55 stocks in the same industry.
- EME is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month EME has a been trading in the 695.54 - 815.92 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
EME Weekly and Daily overview Charts
EME Setup Rating and Analysis
Although EME has an excellent technical rating, the quality of the presented setup is 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.
More info and screens
EME Support and Resistance Analysis
346.20
When analyzing the support we can see 3 important areas.
- A support zone ranging from 734.03 to 754.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 701.09 to 714.75. 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 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 | UP | POSITIVE | The short term trend for EME is up. |
| ChartMill Relative Strength | 92.43 | POSITIVE | EME has a high relative strength, it outperformed 92.43% 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) | 64.78 | NEUTRAL | The RSI value for EME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 8.12 | POSITIVE | The MACD value suggests EME has a positive trend. |
| Stochastics (14,3) | 94.29 | OVERBOUGHT | The high Stochastics value suggests EME may be overbought. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for EME suggests some volalility. |
| Average Directional Index/ADX (14) | 17.54 | NEGATIVE | The low ADX value for EME suggests a weak or negative trend. |
EME Chart- and CandleStick Pattern Analysis
EME Technicals: Chart, Performance Metrics, Trend & Indicators
812.21
+9.78 (+1.22%)
EMCOR GROUP INC / EME TA FAQ
Can you provide the ChartMill technical rating for EMCOR GROUP INC?
ChartMill assigns a technical rating of 10 / 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.
Can you provide the RSI signal for EMCOR GROUP INC?
EMCOR GROUP INC (EME) has an RSI value of 64.7807. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EMCOR GROUP INC?
The MACD indicator for EMCOR GROUP INC (EME) has a value of 8.11927, indicating a bullish trend.
Can you provide the short term momentum for EMCOR GROUP INC?
The short term momentum for EMCOR GROUP INC (EME) is positive.