EASTMAN CHEMICAL CO (EMN) Stock Technical Analysis
NYSE:EMN • US2774321002
Overall EMN gets a technical rating of 8 out of 10. Although EMN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- EMN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- EMN has an average volume of 1721290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, EMN outperforms 53% of them, which is more or less in line with the market.
- EMN is part of the Chemicals industry. There are 83 other stocks in this industry, EMN did better than 42% of them.
- EMN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EMN is lagging the market.
EMN has an excellent technical rating and also presents 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.
More info and screens
70.04
We found 2 important support areas.
- A support zone ranging from 78.02 to 79.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 70.75 to 71.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 79.42 to 81.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | UP | POSITIVE | The long term trend for EMN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EMN is up. |
| ChartMill Relative Strength | 53.5 | NEUTRAL | EMN is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of EMN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.46 | NEUTRAL | The RSI value for EMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests EMN has a negative trend. |
| Stochastics (14,3) | 72.16 | NEUTRAL | The Stochastics value for EMN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for EMN suggests some volalility. |
| Average Directional Index/ADX (14) | 44.09 | POSITIVE | The high ADX value value for EMN suggests a strong trend. |
79.16
+1.14 (+1.46%)
EASTMAN CHEMICAL CO / EMN FAQ
Can you provide the ChartMill technical rating for EASTMAN CHEMICAL CO?
ChartMill assigns a technical rating of 8 / 10 to EMN.
Can you provide the trend direction for EASTMAN CHEMICAL CO?
The current trend direction for EASTMAN CHEMICAL CO (EMN) is Bullish.
Can you provide the RSI signal for EASTMAN CHEMICAL CO?
EASTMAN CHEMICAL CO (EMN) has an RSI value of 63.4565. 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 -0.0640649, indicating a bearish trend.
What is the buy/sell signal for EASTMAN CHEMICAL CO (EMN) stock?
The buy/sell signal for EASTMAN CHEMICAL CO (EMN) is buy as both the short term and long term trends are positive.