EASTMAN CHEMICAL CO (EMN) Stock Technical Analysis
NYSE:EMN - New York Stock Exchange, Inc. - US2774321002 - Common Stock - Currency: USD
Overall EMN gets a technical rating of 0 out of 10. 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.
Although the technical rating is bad, EMN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 80.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 79.82, a Stop Loss order could be placed below this zone.
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74.77
When analyzing the support we can see 2 important areas.
- A support zone ranging from 78.35 to 79.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 75.53 to 76.09. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 79.82 to 82.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @91.35 from a trend line in the weekly time frame.
- Resistance @95.08 from a trend line in the daily time frame.
- Resistance @100.07 from a trend line in the daily time frame.
- Resistance @105.84 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 | NEUTRAL | NEUTRAL | The short term trend for EMN is neutral. |
| ChartMill Relative Strength | 16 | NEGATIVE | EMN has a low relative strength, it was outperformed by 84% 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 | MIXED | The current price of EMN is above 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) | 49.41 | NEUTRAL | The RSI value for EMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests EMN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.17 | NEUTRAL | The Stochastics value for EMN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for EMN suggests some volalility. |
| Average Directional Index/ADX (14) | 10.6 | NEGATIVE | The low ADX value for EMN suggests a weak or negative trend. |
NYSE:EMN (6/12/2025, 10:49:59 AM)
79.585
-0.46 (-0.57%)