EMCOR GROUP INC (EME) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EME - US29084Q1004 - Common Stock
Taking everything into account, EME scores 6 out of 10 in our technical rating. EME was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
EME has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 614.82, a Stop Loss order could be placed below this zone.
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346.20
3 important support areas can be observed.
- A support zone ranging from 605.54 to 614.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 581.57 to 581.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @349.70 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 624.57 to 629.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @639.59 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 EME is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EME is neutral. |
| ChartMill Relative Strength | 81.34 | POSITIVE | EME has a high relative strength, it outperformed 81.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EME is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.35 | NEUTRAL | The RSI value for EME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.5 | POSITIVE | The MACD value suggests EME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.02 | NEUTRAL | The Stochastics value for EME is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for EME suggests some volalility. |
| Average Directional Index/ADX (14) | 20.55 | NEUTRAL | The ADX value for EME suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 629.15 | 605.53 | 23.62 (3.75%) | 25.00% |
| An entry @629.15. This is a Buy Stop order right above the resistance zone. | An exit @605.53. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 23.62 points, which is 3.75%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.94%. |
- The distance between exit and entry is rather small compared to the average daily movement of EME. 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.
624.56
+0.47 (+0.08%)
EMCOR GROUP INC / EME FAQ
Can you provide the ChartMill technical rating for EMCOR GROUP INC?
ChartMill assigns a technical rating of 6 / 10 to EME.
What is the trend direction for EME stock?
The current trend direction for EMCOR GROUP INC (EME) is Bullish.
What is the RSI signal for EMCOR GROUP INC (EME) stock?
EMCOR GROUP INC (EME) has an RSI value of 48.3548. This indicates that the stock is currently neutral.
Can you provide the short term momentum for EMCOR GROUP INC?
The short term momentum for EMCOR GROUP INC (EME) is neutral.