EASTMAN CHEMICAL CO (EMN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EMN - US2774321002 - Common Stock
We assign a technical rating of 4 out of 10 to EMN. Recently some decent action could be observed, but in the medium term time frame this is still negative. EMN was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, EMN is a bad performer in the overall market: 79% of all stocks are doing better.
- EMN is one of the lesser performing stocks in the Chemicals industry. 62% of 82 stocks in the same industry do better.
- EMN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- EMN has an average volume of 1623360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- In the last month EMN has a been trading in the 62.26 - 70.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EMN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 65.98, a Stop Loss order could be placed below this zone.
More info and screens
57.61
2 important support areas can be observed.
- A support zone ranging from 64.99 to 65.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 58.19 to 58.79. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 68.30 to 68.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @70.23 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 | NEUTRAL | NEUTRAL | The long term trend for EMN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EMN is neutral. |
| ChartMill Relative Strength | 21.62 | NEGATIVE | EMN has a low relative strength, it was outperformed by 78.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EMN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EMN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EMN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.36 | NEUTRAL | The RSI value for EMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests EMN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.72 | NEUTRAL | The Stochastics value for EMN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for EMN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.09 | POSITIVE | The high ADX value value for EMN suggests a strong trend. |
66.19
-2.48 (-3.61%)
EASTMAN CHEMICAL CO / EMN FAQ
Can you provide the ChartMill technical rating for EASTMAN CHEMICAL CO?
ChartMill assigns a technical rating of 4 / 10 to EMN.
Can you provide the trend direction for EASTMAN CHEMICAL CO?
The current trend direction for EASTMAN CHEMICAL CO (EMN) is Bearish.
Can you provide the RSI signal for EASTMAN CHEMICAL CO?
EASTMAN CHEMICAL CO (EMN) has an RSI value of 51.3592. This indicates that the stock is currently neutral.
What is the MACD signal for EASTMAN CHEMICAL CO (EMN) stock?
The MACD indicator for EASTMAN CHEMICAL CO (EMN) has a value of 0.0335739, indicating a bearish trend.