EASTMAN CHEMICAL CO (EMN) Stock Technical Analysis
USA - NYSE:EMN - US2774321002 - Common Stock
64.03 USD
-0.34 (-0.53%)
64.03 USD
0 (0%)
Taking everything into account, EMN scores 0 out of 10 in our technical rating. EMN'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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
94% of all other stocks performed better in the past year than EMN.
EMN is part of the Chemicals industry. There are 83 other stocks in this industry, of which 75% are performing better than EMN.
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 is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
EMN has an average volume of 1719980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, EMN does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
63.39
83.60
We can see 5 important resistance areas.
- A resistance zone ranging from 68.15 to 68.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 70.34 to 70.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @76.78 from a trend line in the weekly time frame.
- Resistance @80.82 from a horizontal line in the daily time frame.
- Resistance @82.77 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 EMN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EMN is down. |
| ChartMill Relative Strength | 6.71 | NEGATIVE | EMN has a low relative strength, it was outperformed by 93.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EMN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EMN is below a declining 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) | 45.61 | 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. |
| Stochastics (14,3) | 30.72 | NEUTRAL | The Stochastics value for EMN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for EMN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.18 | NEGATIVE | The low ADX value for EMN suggests a weak or negative 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)
64.03
-0.34 (-0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.53%
1 Week2.1%
2 Weeks-1.66%
1 Month-7.28%
3 Month-19.53%
6 Month-15.23%
12 Month-41.26%
2 Year-14.32%
3 Year-16.64%
5 Year-20.79%
10 Year-11.28%
15 Year-18.51%
Volatility
ATR(14)1.77
ATR(20)%3.04%
ATR Inc13.14%
Range Today1.4
ADR(20)1.89
ADR(20)%2.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.71
Mansfield-3.31
10 Day High65.72
10 Day Low61.26
20 Day High69.19
20 Day Low61.26
52 Week High111.79
52 Week Low56.78
CS1 EndN/A
CR1 Start68.15
Volume & EV
DER(3)1.78%
DER(5)1.75%
Volume1.45M
Volume Incr2.91%
Vol(5)1.60M
Vol(50)1.72M