EMN - Eastman Chemical Company

Industry: Chemicals - Major Diversified Sector: Basic Materials Exchange: NYSE

EMN - Eastman Chemical Company

Industry: Chemicals - Major Diversified Sector: Basic Materials Exchange: NYSE
#6777()/7615

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE -0.40%
PRICE $97.23
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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Eastman Chemical Company Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Sell candidate since 2018-08-09 Loss -4.43%
Shorts 3.84% ( 2018-08-31 )
Cash 386.0 mill
Loans 6 694.0 mill
Beta 1.07
ROA 8.89

Eastman Chemical Company fell by -0.40% in the last day from $97.62 to $97.23 The price has been going up and down for this period, and there has been a 0.63% gain for the last 2 weeks. Volume has increased in the last day by 199 987 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, 920 945 shares bought and sold for approximately $89.54 million.

Trend

Eastman Chemical Company lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.10% during the next 3 months and, with 90% probability hold a price between $90.99 and $97.13 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. Eastman Chemical Company holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $98.72. On a fall, the stock will find some support from the short-term average at $96.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Monday September 17, 2018, 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.

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Relative Strength Index (RSI)

RSI14 is 39 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Eastman Chemical Company finds support from accumulated volume at $96.92.

Support: $96.92 Price: $97.23 Resistance: $99.19

Risk

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 $1.74 (1.80%) between high and low. For the last week, the stock has had a daily average volatility of 1.41%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

Eastman Chemical Company holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Sell Candidate

Click for Top 5 Sell Candidates
EMN $97.23 $-0.39(-0.40%)
EMN is down $0.39 today, but where's it headed in October?
Zacks Investment Research is releasing its prediction for EMN based on the 1-3 month system that more than doubles the S&P 500.

Click here – the EMN analysis is free »
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