EMCORE CORP (EMKR) Stock Technical Analysis
NASDAQ:EMKR - Nasdaq - US2908464017 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to EMKR. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, EMKR is a bad performer.
When comparing the yearly performance of all stocks, EMKR is a bad performer in the overall market: 73% of all stocks are doing better.
EMKR is part of the Communications Equipment industry. There are 50 other stocks in this industry, of which 69% are performing better than EMKR.
Both the short term and long term trends are positive. This is a very positive sign.
EMKR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EMKR is lagging the market slightly.
In the last month EMKR has a been trading in a tight range between 3.01 and 3.17.
Although the technical rating is only medium, EMKR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 3.08, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EMKR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.87
3.13
2 important support areas can be observed.
- A support zone ranging from 3.04 to 3.08. 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 2.90 to 2.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 3.10 to 3.10. 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 EMKR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EMKR is up. |
| ChartMill Relative Strength | 27.3 | NEGATIVE | EMKR has a low relative strength, it was outperformed by 72.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EMKR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EMKR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EMKR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.2 | NEUTRAL | The RSI value for EMKR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests EMKR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.18 | NEUTRAL | The Stochastics value for EMKR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.49 | LOW VOLATILITY | The low ATR as a percentage value for EMKR suggests low volalility. |
| Average Directional Index/ADX (14) | 35.03 | POSITIVE | The high ADX value value for EMKR 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 |
|---|---|---|---|
| 3.11 | 3.04 | 0.07 (2.25%) | 25.00% |
| An entry @3.11. This is a Buy Stop order right above the resistance zone. | An exit @3.04. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 2.25%. | For a 0.56% 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 EMKR. 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.
NASDAQ:EMKR (2/28/2025, 8:00:01 PM)
3.095
+0.03 (+0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg0.81%
1 Week0.81%
2 Weeks0.16%
1 Month1.14%
3 Month3.17%
6 Month194.76%
12 Month-24.53%
2 Year-78.43%
3 Year-92.02%
5 Year-89.58%
10 Year-94.28%
15 Year-93.44%
Volatility
ATR(14)0.05
ATR(20)%1.49%
ATR Inc-29.38%
Range Today0.02
ADR(20)0.05
ADR(20)%1.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.3
Mansfield3.32
10 Day High3.15
10 Day Low3.05
20 Day High3.17
20 Day Low3.01
52 Week High4.6
52 Week Low0.78
CS1 End3.08
CR1 Start3.1
Volume & EV
DER(3)3.37%
DER(5)-1.32%
Volume120.50K
Volume Incr-19.04%
Vol(5)119.92K
Vol(50)147.29K