EASTMAN CHEMICAL CO (EMN) Stock Technical Analysis
USA - NYSE:EMN - US2774321002 - Common Stock
67.16 USD
-0.77 (-1.13%)
68.0558 USD
+0.9 (+1.33%)
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 negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, EMN is a bad performer in the overall market: 92% of all stocks are doing better.
EMN is one of the lesser performing stocks in the Chemicals industry. 75% of 83 stocks in the same industry do 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 64.51 - 70.63 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 1603300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EMN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
66.49
83.60
We can see 5 important resistance areas.
- A resistance zone ranging from 67.21 to 68.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 70.34 to 71.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @77.65 from a trend line in the weekly time frame.
- Resistance @80.82 from a horizontal line in the daily time frame.
- Resistance @82.77 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 | DOWN | NEGATIVE | The short term trend for EMN is down. |
| ChartMill Relative Strength | 8.87 | NEGATIVE | EMN has a low relative strength, it was outperformed by 91.13% 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) | 46.81 | NEUTRAL | The RSI value for EMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests EMN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36 | NEUTRAL | The Stochastics value for EMN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for EMN suggests some volalility. |
| Average Directional Index/ADX (14) | 15.25 | 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)
67.16
-0.77 (-1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.13%
1 Week-2.75%
2 Weeks-1.5%
1 Month1.14%
3 Month-11.85%
6 Month-26.26%
12 Month-34.86%
2 Year-12.46%
3 Year-5.48%
5 Year-14.03%
10 Year3.77%
15 Year-9.24%
Volatility
ATR(14)2.01
ATR(20)%2.88%
ATR Inc6.7%
Range Today0.98
ADR(20)1.8
ADR(20)%2.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.87
Mansfield-3.12
10 Day High70.63
10 Day Low64.51
20 Day High70.63
20 Day Low64.51
52 Week High114.5
52 Week Low56.78
CS1 EndN/A
CR1 Start67.21
Volume & EV
DER(3)1.11%
DER(5)1.86%
Volume1.63M
Volume Incr44.21%
Vol(5)1.91M
Vol(50)1.60M