EASTERN CO/THE (EML) Stock Technical Analysis
NASDAQ:EML - Nasdaq - US2763171046 - Common Stock - Currency: USD
Overall EML gets a technical rating of 0 out of 10. EML scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
83% of all other stocks performed better in the past year than EML.
EML is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EML is lagging the market.
Warning: EML has an average volume of 10808 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month EML has a been trading in the 21.90 - 24.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, EML does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for EML 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
19.41
34.43
We found 2 important support areas.
- Support @22.01 from a horizontal line in the daily time frame.
- A support zone ranging from 19.61 to 19.88. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 22.99 to 24.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.55 from a trend line in the daily time frame.
- Resistance @34.09 from a horizontal line in the weekly 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 EML is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EML is neutral. |
| ChartMill Relative Strength | 17.06 | NEGATIVE | EML has a low relative strength, it was outperformed by 82.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EML is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EML is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EML is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.35 | NEUTRAL | The RSI value for EML is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests EML has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.53 | NEUTRAL | The Stochastics value for EML is a neutral value. |
| Average True Range in percent/ATR (20) | 3.48 | MEDIUM VOLATILITY | The ATR as a percentage value for EML suggests some volalility. |
| Average Directional Index/ADX (14) | 20.49 | NEUTRAL | The ADX value for EML suggests a possible start of a new 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)
22.78
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0%
1 Week0.8%
2 Weeks-2.06%
1 Month-0.7%
3 Month-19.08%
6 Month-23.86%
12 Month-17.88%
2 Year25.93%
3 Year12%
5 Year27.48%
10 Year23%
15 Year55.39%
Volatility
ATR(14)0.76
ATR(20)%3.48%
ATR Inc-37.39%
Range Today0.2
ADR(20)0.72
ADR(20)%3.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.06
Mansfield-2
10 Day High24.24
10 Day Low21.9
20 Day High24.25
20 Day Low21.9
52 Week High35.03
52 Week Low19.06
CS1 End22.01
CR1 Start22.99
Volume & EV
DER(3)8.2%
DER(5)5.29%
Volume5.20K
Volume Incr-17.26%
Vol(5)7.86K
Vol(50)10.81K