EASTMAN CHEMICAL CO (EMN)

US2774321002 - Common Stock

96.9501  -0.36 (-0.37%)

Technical Rating and Analysis

3

Taking everything into account, EMN scores 3 out of 10 in our technical rating. EMN has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
EMN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EMN is lagging the market slightly.
In the last month EMN has a been trading in the 93.45 - 101.80 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, EMN outperforms 60% of them, which is more or less in line with the market.
EMN is an average performer in the Chemicals industry, it outperforms 69% of 83 stocks in the same industry.
Weekly and Daily overview Charts
EMN Weekly chart
EMN Daily chart
Setup Rating and Analysis

4

EMN has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

70.34

104.93

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 96.12 to 96.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 94.44 to 94.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @71.05 from a horizontal line in the weekly time frame.

2 important resistance areas can be observed.

  • A resistance zone ranging from 97.42 to 99.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 102.02 to 103.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.48
Mansfield-0.35
10 Day High101.8
10 Day Low94.41
20 Day High101.8
20 Day Low93.45
52 Week High105.98
52 Week Low68.89
Performance
1 Week-0.34%
2 Weeks1.63%
1 Month-1.32%
3 Month1.83%
6 Month14.59%
12 Month12.61%
2 Year1.44%
3 Year-13.67%
5 Year29.14%
10 Year23.52%
15 Year95.95%
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)
Technical Indicators
MACD(12,26,9)0.22
RSI(14)47.22
LBB93.45
UBB101.03
EMN Daily chart

EASTMAN CHEMICAL CO

NYSE:EMN (7/23/2024, 8:57:21 AM)

96.9501

-0.36 (-0.37%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.37%
1 Week-0.34%
2 Weeks1.63%
1 Month-1.32%
3 Month1.83%
6 Month14.59%
12 Month12.61%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.01
ATR(20)%2.17%
ATR Inc
Range Today1.03
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High101.8
10 Day Low94.41
20 Day High101.8
20 Day Low93.45
52 Week High105.98
52 Week Low68.89
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume17.59K
Volume Incr-23.14%
Vol(5)652.36K
Vol(50)812.51K