EASTMAN CHEMICAL CO (EMN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EMN - US2774321002 - Common Stock
Overall EMN gets a technical rating of 6 out of 10. In the last year, EMN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 76% of all other stocks performed better in the past year than EMN.
- EMN is part of the Chemicals industry. There are 82 other stocks in this industry, of which 62% 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.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month EMN has a been trading in the 62.26 - 70.39 range, which is quite wide. It is currently trading near the high of this range.
- EMN has an average volume of 1721050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EMN has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
58.20
We found 3 important support areas.
- A support zone ranging from 65.01 to 67.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 62.49 to 63.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.79 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 70.24 to 70.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for EMN is up. |
| ChartMill Relative Strength | 24.71 | NEGATIVE | EMN has a low relative strength, it was outperformed by 75.29% 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 | MIXED | The current price of EMN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.74 | NEUTRAL | The RSI value for EMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests EMN has a positive trend. |
| Stochastics (14,3) | 85.71 | OVERBOUGHT | The high Stochastics value suggests EMN may be overbought. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for EMN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.44 | POSITIVE | The high ADX value value for EMN suggests a strong trend. |
70.23
+0.94 (+1.36%)
EASTMAN CHEMICAL CO / EMN FAQ
Can you provide the ChartMill technical rating for EASTMAN CHEMICAL CO?
ChartMill assigns a technical rating of 6 / 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 68.7353. 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 0.407447, indicating a bearish trend.