EASTMAN CHEMICAL CO (EMN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EMN - US2774321002 - Common Stock
Overall EMN gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. EMN was also a bad performer in the overall market in the last year.
EMN has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 65.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 63.48, a Stop Loss order could be placed below this zone.
More info and screens
57.61
When analyzing the support we can see 2 important areas.
- A support zone ranging from 63.24 to 63.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.19 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 65.11 to 65.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @80.82 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 | UP | POSITIVE | The short term trend for EMN is up. |
| ChartMill Relative Strength | 18.06 | NEGATIVE | EMN has a low relative strength, it was outperformed by 81.94% 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) | 57.48 | NEUTRAL | The RSI value for EMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests EMN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70 | 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) | 15.96 | NEGATIVE | The low ADX value for EMN suggests a weak or negative trend. |
64.15
+0.22 (+0.34%)
EASTMAN CHEMICAL CO / EMN FAQ
Can you provide the ChartMill technical rating for EASTMAN CHEMICAL CO?
ChartMill assigns a technical rating of 4 / 10 to EMN.
What is the current trend direction of EASTMAN CHEMICAL CO (EMN) stock?
The current trend direction for EASTMAN CHEMICAL CO (EMN) is Bearish.
What is the RSI signal for EMN stock?
EASTMAN CHEMICAL CO (EMN) has an RSI value of 57.4814. This indicates that the stock is currently neutral.
What is the short term momentum for EMN stock?
The short term momentum for EASTMAN CHEMICAL CO (EMN) is positive.
What are the support and resistance levels for EASTMAN CHEMICAL CO (EMN) stock?
EASTMAN CHEMICAL CO (EMN) has a support level at 63.48 and a resistance level at 65.11. Check the full technical report for our detailed analysis of EMN support and resistance levels.