EME Forecast and Technical Stock Analysis
Hold candidate since 2019-12-09 PDF
EMCOR Group Inc fell by -0.55% in the last day ( Monday, 9th Dec 2019 ) from $87.28 to $86.80 During the day the stock fluctuated 0.99% from a day low at $86.61 to a day high of $87.47. The price has fallen in 6 of the last 10 days and is down by -1.21% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -50 125 shares and in total 133 563 shares bought and sold for approximately $11.59 million.
- 30 day high of the EME stock price was $91.43 and low was $85.52.
- 90 day high was $93.54 and low was $81.65.
- 52 week high for EMCOR Group Inc - $93.54 and low - $57.29.
EMCOR Group Inc lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. A break down the bottom trend line at $85.35 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 4.39% during the next 3 months and, with 90% probability hold a price between $89.10 and $98.92 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday December 03, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. EMCOR Group Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $87.13 and $89.31. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 40 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 behaviour.
Support & Resistance
EMCOR Group Inc finds support from accumulated volume at $86.69.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.86 (0.99%) between high and low. For the last week, the stock has had daily average volatility of 1.30%.
Our recommended stop-loss: $81.45 (-6.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
1.30 %Average volatility
Very Low Low Medium High Very High
EMCOR Group Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate candidate.
|EME $86.80 ($-0.48 -0.55%)|
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