EASTMAN CHEMICAL CO (EMN) Stock Technical Analysis
NYSE:EMN - New York Stock Exchange, Inc. - US2774321002 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to EMN. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, EMN is a bad performer in the overall market: 82% of all stocks are doing better.
EMN is part of the Chemicals industry. There are 85 other stocks in this industry, of which 63% 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 has an average volume of 1946240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month EMN has a been trading in the 72.97 - 81.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
The technical rating of EMN is bad and it also does not present a 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
71.97
100.45
We found 3 important support areas.
- A support zone ranging from 77.40 to 79.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 74.25 to 76.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 72.70 to 72.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 5 important resistance areas.
- Resistance @80.82 from a horizontal line in the daily time frame.
- A resistance zone ranging from 82.58 to 82.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @89.64 from a trend line in the weekly time frame.
- Resistance @93.59 from a trend line in the daily time frame.
- Resistance @99.46 from a trend 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 | 18.86 | NEGATIVE | EMN has a low relative strength, it was outperformed by 81.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EMN is above a declining 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) | 56.31 | NEUTRAL | The RSI value for EMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests EMN has a positive trend. |
| Stochastics (14,3) | 59.37 | NEUTRAL | The Stochastics value for EMN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for EMN suggests some volalility. |
| Average Directional Index/ADX (14) | 15.17 | 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)
79.92
+1.72 (+2.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg2.2%
1 Week5.34%
2 Weeks6.32%
1 Month-0.67%
3 Month5.81%
6 Month-9.87%
12 Month-15.43%
2 Year-6.61%
3 Year-16.69%
5 Year7.09%
10 Year1.94%
15 Year27.59%
Volatility
ATR(14)2.06
ATR(20)%2.55%
ATR Inc84.9%
Range Today2.01
ADR(20)1.93
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.86
Mansfield-2.05
10 Day High79.95
10 Day Low72.97
20 Day High81.79
20 Day Low72.97
52 Week High114.5
52 Week Low70.9
CS1 End75.71
CR1 Start77.64
Volume & EV
DER(3)3.68%
DER(5)3.12%
Volume2.44M
Volume Incr39.94%
Vol(5)3.09M
Vol(50)1.95M