NYSEARCA:EMTL - NYSE Arca - US78470P3091 - ETF - Currency: USD
Taking everything into account, EMTL scores 1 out of 10 in our technical rating. EMTL 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.
Although the technical rating is bad, EMTL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 42.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 42.45, a Stop Loss order could be placed below this zone.
41.30
When analyzing the support we notice one important area.
We can see 2 important resistance areas.
42.5393
+0.03 (+0.08%)