EASTERN CO/THE (EML) Stock Technical Analysis
USA - NASDAQ:EML - US2763171046 - Common Stock
Taking everything into account, EML scores 0 out of 10 in our technical rating. EML'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, EML does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 21.27, a Stop Loss order could be placed below this zone.
More info and screens
19.41
2 important support areas can be observed.
- A support zone ranging from 21.26 to 21.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @19.61 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 21.36 to 21.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.47 from a trend line in the weekly time frame.
- Resistance @26.28 from a trend line in the daily time frame.
- Resistance @26.73 from a horizontal line 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 EML is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EML is down. |
| ChartMill Relative Strength | 13.3 | NEGATIVE | EML has a low relative strength, it was outperformed by 86.7% 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 | NEGATIVE | The current price of EML is below 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) | 40.07 | NEUTRAL | The RSI value for EML is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests EML has a positive trend. |
| Stochastics (14,3) | 15.61 | OVERSOLD | The low Stochastics value suggests EML may be oversold. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for EML suggests some volalility. |
| Average Directional Index/ADX (14) | 9.24 | NEGATIVE | The low ADX value for EML suggests a weak or negative trend. |
21.35
-0.01 (-0.05%)
EASTERN CO/THE / EML FAQ
What is the ChartMill technical rating of EASTERN CO/THE (EML) stock?
ChartMill assigns a technical rating of 0 / 10 to EML.
What is the trend direction for EML stock?
The current trend direction for EASTERN CO/THE (EML) is Bearish.
What is the RSI signal for EML stock?
EASTERN CO/THE (EML) has an RSI value of 40.0674. This indicates that the stock is currently neutral.
What is the MACD signal for EASTERN CO/THE (EML) stock?
The MACD indicator for EASTERN CO/THE (EML) has a value of 0.057243, indicating a bearish trend.
What is the buy/sell signal for EASTERN CO/THE (EML) stock?
The buy/sell signal for EASTERN CO/THE (EML) is sell as both the short term and long term trends are negative.