EASTMAN CHEMICAL CO (EMN)
US2774321002 - Common Stock
We assign a technical rating of 9 out of 10 to EMN. In the last year, EMN was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month EMN has a been trading in the 106.89 - 114.50 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that EMN is one of the better performing stocks in the market, outperforming 81% of all stocks. We also observe that the gains produced by EMN over the past year are nicely spread over this period.
EMN is part of the Chemicals industry. There are 84 other stocks in this industry. EMN outperforms 73% of them.
EMN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EMN is lagging the market slightly.
Besides having an excellent technical rating, EMN also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
92.88
108.90
When analyzing the support we can see 3 important areas.
- Support @102.11 from a trend line in the daily time frame.
- Support @98.85 from a trend line in the daily time frame.
- A support zone ranging from 93.82 to 95.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.07
Mansfield0.09
10 Day High111.79
10 Day Low106.9
20 Day High114.5
20 Day Low106.9
52 Week High114.5
52 Week Low72.87
Performance
1 Week-2.35%
2 Weeks-1.33%
1 Month-0.18%
3 Month7.04%
6 Month12.83%
12 Month48.55%
2 Year40.37%
3 Year3.64%
5 Year41.79%
10 Year33.47%
15 Year105.33%
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)
Technical Indicators
MACD(12,26,9)-0.58
RSI(14)49.69
LBB107.54
UBB111.12
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 109.43 | 106.88 | 2.55 (2.33%) | 25.00% |
| An entry @109.43. This is a Buy Stop order right above the 10 day moving average. | An exit @106.88. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.55 points, which is 2.33%. | For a 0.58% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EMN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EASTMAN CHEMICAL CO
NYSE:EMN (10/21/2024, 4:15:00 PM)
After market: 107.61 -0.21 (-0.19%)107.82
-1.02 (-0.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.94%
1 Week-2.35%
2 Weeks-1.33%
1 Month-0.18%
3 Month7.04%
6 Month12.83%
12 Month48.55%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.87
ATR(20)%1.92%
ATR Inc
Range Today1.99
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High111.79
10 Day Low106.9
20 Day High114.5
20 Day Low106.9
52 Week High114.5
52 Week Low72.87
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume513.77K
Volume Incr-11.88%
Vol(5)773.89K
Vol(50)808.92K