EASTMAN CHEMICAL CO (EMN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EMN - US2774321002 - Common Stock
Taking everything into account, EMN scores 6 out of 10 in our technical rating. EMN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
EMN has an average technical rating and it also does not offer a high quality setup 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
3 important support areas can be observed.
- A support zone ranging from 63.52 to 65.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 62.14 to 62.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @58.79 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 68.77 to 68.78. 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 | 29.4 | NEGATIVE | EMN has a low relative strength, it was outperformed by 70.6% 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 | NEGATIVE | The current price of EMN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.38 | NEUTRAL | The RSI value for EMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests EMN has a positive trend. |
| Stochastics (14,3) | 75.23 | NEUTRAL | The Stochastics value for EMN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for EMN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.04 | NEUTRAL | The ADX value for EMN suggests a possible start of a new trend. |
68.4
-0.36 (-0.52%)
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 66.3846. 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 0.461579, indicating a bearish trend.