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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
#1325()/6519

Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE 0.92%
PRICE $108.92
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Eastman Chemical Company Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Buy candidate since 2018-06-15

Eastman Chemical Company gained 0.92% in the last trading day, rising from $107.93 to $108.92 The price has risen in 7 of the last 10 days and is up by 2.97% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.67 million more shares were traded than the day before. In total, 1.39 million shares bought and sold for approximately $0.00.

Shorts 4.82% ( 2018-05-31 )
Cash 608.0 mill
Loans 13 575.0 mill
Beta 1.22
ROA 8.07

Trend

Eastman Chemical Company lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.17% during the next 3 months and, with 90% probability hold a price between $107.15 and $114.08 at the end of this period.

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Signals

Only positive signals in the chart today. Eastman Chemical Company holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $108.79 and $106.67. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday June 14, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 59 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 $107.79.

Support: $107.79 Price: $108.92 Resistance: $109.40

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 $1.82 (1.70%) between high and low. For the last week, the stock has had a daily average volatility of 1.41%.

Our recommended stoploss: $102.76 (-5.65%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

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