MAN GROUP PLC/JERSEY (EMG.L) Stock Technical Analysis
LON:EMG - London Exchange - JE00BJ1DLW90 - Common Stock - Currency: GBX
We assign a technical rating of 1 out of 10 to EMG. EMG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, EMG does present a nice setup opportunity. 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 resistance zone just above the current price starting at 176.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 171.21, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
155.22
When analyzing the support we can see 2 important areas.
- A support zone ranging from 170.00 to 171.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 156.79 to 156.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 174.56 to 177.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @189.70 from a trend line in the weekly time frame.
- Resistance @208.10 from a horizontal line in the daily time frame.
- A resistance zone ranging from 213.40 to 213.40. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for EMG.L is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EMG.L is neutral. |
| ChartMill Relative Strength | 4.23 | NEGATIVE | EMG.L has a low relative strength, it was outperformed by 95.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EMG.L is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EMG.L is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EMG.L is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.34 | NEUTRAL | The RSI value for EMG.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests EMG.L has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.09 | NEUTRAL | The Stochastics value for EMG.L is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for EMG.L suggests some volalility. |
| Average Directional Index/ADX (14) | 13.36 | NEGATIVE | The low ADX value for EMG.L suggests a weak or negative trend. |
LON:EMG (6/19/2025, 10:09:26 AM)
174
-1.6 (-0.91%)