EMCOR GROUP INC (EME) Stock Technical Analysis
NYSE:EME - New York Stock Exchange, Inc. - US29084Q1004 - Common Stock - Currency: USD
Overall EME gets a technical rating of 10 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that EME is one of the better performing stocks in the market, outperforming 91% of all stocks.
EME is one of the better performing stocks in the Construction & Engineering industry, it outperforms 77% of 49 stocks in the same industry.
A new 52 week high is currently being made by EME, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month EME has a been trading in the 478.16 - 562.77 range, which is quite wide. It is currently trading near the high of this range.
EME has an excellent technical rating, but the quality of the setup is only medium 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
346.20
562.44
When analyzing the support we can see 3 important areas.
- A support zone ranging from 533.76 to 549.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @371.52 from a trend line in the weekly time frame.
- Support @349.70 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 554.23 to 556.87. 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 | UP | POSITIVE | The short term trend for EME is up. |
| ChartMill Relative Strength | 91.79 | POSITIVE | EME has a high relative strength, it outperformed 91.79% 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) | 70.33 | OVERBOUGHT | The high RSI value suggests EME may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests EME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.5 | OVERBOUGHT | The high Stochastics value suggests EME may be overbought. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for EME suggests some volalility. |
| Average Directional Index/ADX (14) | 32.38 | 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)
549.76
-7.1 (-1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-1.28%
1 Week1.56%
2 Weeks2.78%
1 Month15.03%
3 Month45.13%
6 Month8.55%
12 Month51.2%
2 Year155.66%
3 Year372.42%
5 Year702.57%
10 Year1049.4%
15 Year2013.65%
Volatility
ATR(14)13.69
ATR(20)%2.34%
ATR Inc-12.24%
Range Today15.86
ADR(20)12.31
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.79
Mansfield1.58
10 Day High562.77
10 Day Low516.91
20 Day High562.77
20 Day Low478.16
52 Week High562.77
52 Week Low319.49
CS1 End549.75
CR1 Start554.23
Volume & EV
DER(3)-0.48%
DER(5)0.09%
Volume341.59K
Volume Incr-33%
Vol(5)322.65K
Vol(50)443.83K