EME Forecast and Technical Stock AnalysisSell candidate since 2019-07-17
EMCOR Group Inc fell by -3.61% in the last day ( Wednesday, 17th Jul 2019 ) from $87.88 to $84.71 During day the stock fluctuated 3.40% from a day low at $84.48 to a day high of $87.36. The price has been going up and down for this period, and there has been a -4.4% loss for the last 2 weeks. Volume has increased in the last day by 114 453 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 382 814 shares bought and sold for approximately $32.43 million.
- 30 day high of the EME stock price was $89.55 and low was $83.11.
- 90 day high was $89.55 and low was $76.22.
- 52 week high for the EMCOR Group Inc - $89.55 and low - $57.29.
EMCOR Group Inc lies in the lower part of a weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $84.56 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.15% during the next 3 months and, with 90% probability hold a price between $92.29 and $99.20 at the end of this period.
There are few to none technical positive signals at the moment. EMCOR Group Inc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $87.07 and $85.09. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday July 05, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 50 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $79.88 and $79.80.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, EMCOR Group Inc finds support just below today's level at $79.88. If this is broken, then the next support from accumulated volume will be at $79.80 and $79.56.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.88 (3.40%) between high and low. For the last week, the stock has had a daily average volatility of 1.72%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.72 %Average volatility
Very Low Low Medium High Very High
The EMCOR Group Inc stock holds several negative signals and despite the positive trend we believe EMCOR Group Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.
|EME $84.71 ($-3.17 -3.61%)|
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