EASTMAN CHEMICAL CO (EMN) Stock Technical Analysis
NYSE:EMN - New York Stock Exchange, Inc. - US2774321002 - Common Stock - Currency: USD
Taking everything into account, EMN scores 0 out of 10 in our technical rating. EMN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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: 71% of all stocks are doing better.
EMN is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
EMN has an average volume of 1290340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EMN is part of the Chemicals industry. There are 85 other stocks in this industry, EMN did better than 61% of them.
In the last month EMN has a been trading in the 70.90 - 90.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EMN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 75.70, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EMN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
74.77
106.90
When analyzing the support we notice one important area.
- A support zone ranging from 75.53 to 75.70. This zone is formed by a combination of multiple trend lines in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @95.33 from a trend line in the weekly time frame.
- Resistance @98.80 from a trend line in the daily time frame.
- Resistance @101.79 from a horizontal line in the daily time frame.
- Resistance @105.84 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.72
Mansfield-1.29
10 Day High82.02
10 Day Low70.9
20 Day High90.95
20 Day Low70.9
52 Week High114.5
52 Week Low70.9
Performance
1 Week-0.1%
2 Weeks7.66%
1 Month-11.99%
3 Month-13.94%
6 Month-24.79%
12 Month-17.03%
2 Year-5.91%
3 Year-22.77%
5 Year31.04%
10 Year4.03%
15 Year18.48%
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)0.33
RSI(14)42.85
LBB70.76
UBB85.36
79.29
+2.35 (+3.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg3.05%
1 Week-0.1%
2 Weeks7.66%
1 Month-11.99%
3 Month-13.94%
6 Month-24.79%
12 Month-17.03%
2 Year-5.91%
3 Year-22.77%
5 Year31.04%
10 Year4.03%
15 Year18.48%
Volatility
ATR(14)4.7
ATR(20)%4.9%
ATR Inc-57%
Range Today1.67
ADR(20)3.53
ADR(20)%4.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.72
Mansfield-1.29
10 Day High82.02
10 Day Low70.9
20 Day High90.95
20 Day Low70.9
52 Week High114.5
52 Week Low70.9
CS1 End75.7
CR1 Start95.33
Volume & EV
DER(3)6.18%
DER(5)5.09%
Volume1.86M
Volume Incr-5.16%
Vol(5)1.56M
Vol(50)1.29M