EMP-A Technical Analysis - EMPIRE CO LTD 'A'

Technical Rating and Analysis

Taking everything into account, EMP-A scores 1 out of 10 in our technical rating. EMP-A has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

In the last month EMP-A has a been trading in the 48.71 - 55.80 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

When comparing the performance of all stocks over the past year, EMP-A turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.

EMP-A is part of the Consumer Staples Distribution & Retail industry. There are 17 other stocks in this industry, EMP-A did better than 56% of them.

EMP-A is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EMP-A is lagging the market.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EMPIRE CO LTD 'A' / EMP-A Weekly stock chart

EMPIRE CO LTD 'A' / EMP-A Daily stock chart

Setup Rating and Analysis

EMP-A has a poor technical rating and the quality of the setup is also only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

48.28

57.64

We found 1 important support area.

A support zone ranging from 48.77 to 49.67. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

Resistance @57.07 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for EMP-A.CA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for EMP-A.CA is down.
ChartMill Relative Strength	46.52	NEUTRAL	EMP-A.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of EMP-A.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of EMP-A.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of EMP-A.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	29.45	OVERSOLD	The low RSI value suggests EMP-A.CA may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.26	NEGATIVE	The MACD value suggests EMP-A.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	9.41	OVERSOLD	The low Stochastics value suggests EMP-A.CA may be oversold.
Average True Range in percent/ATR (20)	2.11	MEDIUM VOLATILITY	The ATR as a percentage value for EMP-A.CA suggests some volalility.
Average Directional Index/ADX (14)	39.85	POSITIVE	The high ADX value value for EMP-A.CA suggests a strong trend.