EASTMAN CHEMICAL CO (EMN) Stock Technical Analysis
NYSE:EMN - New York Stock Exchange, Inc. - US2774321002 - Common Stock - Currency: USD
Taking everything into account, EMN scores 0 out of 10 in our technical rating. EMN 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
79% of all other stocks performed better in the past year than EMN.
EMN is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month EMN has a been trading in the 70.90 - 82.99 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.
EMN has an average volume of 1404970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EMN is an average performer in the Chemicals industry, it outperforms 57% of 85 stocks in the same industry.
Although the technical rating is bad, EMN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 77.55, a Stop Loss order could be placed below this zone.
More info and screens
74.77
106.90
We found 1 important support area.
- A support zone ranging from 75.53 to 77.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- Resistance @80.82 from a horizontal line in the daily time frame.
- Resistance @94.76 from a trend line in the weekly time frame.
- Resistance @97.95 from a trend line in the daily time frame.
- Resistance @101.79 from a horizontal line in the daily time frame.
- Resistance @105.84 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.07
Mansfield-1.98
10 Day High82.99
10 Day Low74.8
20 Day High82.99
20 Day Low70.9
52 Week High114.5
52 Week Low70.9
Performance
1 Week2.74%
2 Weeks1.51%
1 Month-2.58%
3 Month-21.81%
6 Month-22.91%
12 Month-20.08%
2 Year1.08%
3 Year-29.27%
5 Year14.45%
10 Year1.5%
15 Year29.03%
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)0.52
RSI(14)44.44
LBB74.58
UBB80.48
77.92
+1.7 (+2.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg2.23%
1 Week2.74%
2 Weeks1.51%
1 Month-2.58%
3 Month-21.81%
6 Month-22.91%
12 Month-20.08%
2 Year1.08%
3 Year-29.27%
5 Year14.45%
10 Year1.5%
15 Year29.03%
Volatility
ATR(14)2.6
ATR(20)%5.05%
ATR Inc-39.84%
Range Today1.94
ADR(20)3.57
ADR(20)%4.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.07
Mansfield-1.98
10 Day High82.99
10 Day Low74.8
20 Day High82.99
20 Day Low70.9
52 Week High114.5
52 Week Low70.9
CS1 End77.55
CR1 Start80.82
Volume & EV
DER(3)-1.38%
DER(5)-1.2%
Volume1.49M
Volume Incr-14.03%
Vol(5)1.55M
Vol(50)1.40M