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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, EMN is a bad performer in the overall market: 84% of all stocks are doing better.
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.
In the last month EMN has a been trading in the 74.47 - 82.38 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
EMN has an average volume of 1817830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EMN is part of the Chemicals industry. There are 85 other stocks in this industry, EMN did better than 40% of them.
Although the technical rating is bad, EMN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 78.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 75.71, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
71.97
95.41
We found 3 important support areas.
- Support @75.71 from a horizontal line in the daily time frame.
- Support @74.25 from a horizontal line in the weekly time frame.
- 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 78.15 to 82.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @87.93 from a trend line in the weekly time frame.
- Resistance @94.47 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 | 16.04 | NEGATIVE | EMN has a low relative strength, it was outperformed by 83.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EMN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EMN is below 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) | 49.68 | NEUTRAL | The RSI value for EMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EMN has a negative trend. |
| Stochastics (14,3) | 36.31 | NEUTRAL | The Stochastics value for EMN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for EMN suggests some volalility. |
| Average Directional Index/ADX (14) | 10.84 | 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)
NYSE:EMN (7/28/2025, 10:21:07 AM)
77.015
-1.3 (-1.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.65%
1 Week0.72%
2 Weeks-2.43%
1 Month2.84%
3 Month3.26%
6 Month-15%
12 Month-22.26%
2 Year-8.49%
3 Year-18.37%
5 Year4.93%
10 Year-0.11%
15 Year25.02%
Volatility
ATR(14)2.02
ATR(20)%2.75%
ATR Inc23.86%
Range Today1.62
ADR(20)2.03
ADR(20)%2.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.04
Mansfield-2.26
10 Day High80.53
10 Day Low76.22
20 Day High82.38
20 Day Low74.47
52 Week High114.5
52 Week Low70.9
CS1 End75.71
CR1 Start78.54
Volume & EV
DER(3)0.69%
DER(5)1.67%
Volume115.23K
Volume Incr-21%
Vol(5)1.40M
Vol(50)1.82M