Technical Analysis for EMN - Eastman Chemical Company

Grade Last Price % Change Price Change
D 95.17 -2.86% -2.80
EMN closed down 2.86 percent on Monday, July 1, 2024, on approximately normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Pocket Pivot Bullish Swing Setup -2.86%
NR7 Range Contraction -2.86%
Inside Day Range Contraction -2.86%
Oversold Stochastic Weakness -2.86%
50 DMA Resistance Bearish -2.07%
MACD Bearish Centerline Cross Bearish -2.07%
180 Bearish Setup Bearish Swing Setup -2.07%
Stochastic Reached Oversold Weakness -2.07%

   Recent Intraday Alerts

Alert Time
Down 3% about 9 hours ago
Fell Below Lower Bollinger Band about 9 hours ago
60 Minute Opening Range Breakdown about 10 hours ago
Lower Bollinger Band Support about 10 hours ago
10 DMA Resistance about 10 hours ago

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Profile

Eastman Chemical Company Description

Eastman Chemical Company, a specialty chemical company, engages in the manufacture and sale of chemicals, plastics, and fibers in the United States and internationally. The company's Additives & Functional Products segment offers solvents that include specialty coalescents and ketones, esters, glycol ethers, and alcohol solvents; and cellulose and polyester-based specialty polymers that are used in coatings, consumables, health and wellness, electronics, and industrial chemicals. It also provides insoluble sulfur products; antidegradant products; and performance resins and cellulosic products for the tires industry. Its Adhesives & Plasticizers segment manufactures resins and plasticizers, which are used in the consumables, building and construction, durable goods, health and wellness, and industrial chemicals and processing markets. The company's Advanced Materials segment produces and markets specialty copolyesters, cellulose esters, interlayers, and aftermarket window film products that are used in transportation, consumables, building and construction, durable goods, health and wellness, and electronics sectors. Its Fibers segment offers Estron acetate tow and Estrobond triacetin plasticizers for use in the manufacture of cigarette filters; Estron natural and Chromspun solutions dyed acetate yarns for use in apparel, home furnishings, and industrial fabrics; and cellulose acetate flake and acetyl raw materials for other acetate fiber producers. This segments product includes acetate tow, acetate yarn, and acetyl chemical products. The company's Specialty Fluids & Intermediates segment provides specialty fluids, acetyl products, and olefin derivatives that are used in industrial chemicals and processing; building and construction; health and wellness; energy, fuels, and water; consumables; and agriculture markets. The company was founded in 1920 and is headquartered in Kingsport, Tennessee.


Classification

Sector: Basic Materials
Industry: Chemicals
Keywords: S&P 500 Chemical Electronics Plastic Alcohol Organic Compounds Chemical Substances Adhesives Chemical Product Commodity Chemicals Polymers Thermoplastic Sulfur Home Furnishings Tire Cigarette Industrial Chemical Cigar Ethers Cellulose Durable Good Polyester Solvents Ketones Acetate Advanced Materials Synthetic Fiber Excipients Film Products Plasticizer Cellulose Acetate Glycol Ethers Acetyl Products

Is EMN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 105.1173
52 Week Low 67.1224
Average Volume 880,496
200-Day Moving Average 86.95
50-Day Moving Average 98.51
20-Day Moving Average 99.27
10-Day Moving Average 98.21
Average True Range 2.06
RSI (14) 38.65
ADX 14.1
+DI 19.66
-DI 31.33
Chandelier Exit (Long, 3 ATRs) 98.95
Chandelier Exit (Short, 3 ATRs) 101.05
Upper Bollinger Bands 103.60
Lower Bollinger Band 94.94
Percent B (%b) 0.03
BandWidth 8.72
MACD Line -0.50
MACD Signal Line 0.03
MACD Histogram -0.5295
Fundamentals Value
Market Cap 11.16 Billion
Num Shares 117 Million
EPS 7.49
Price-to-Earnings (P/E) Ratio 12.71
Price-to-Sales 1.06
Price-to-Book 1.80
PEG Ratio 0.96
Dividend 3.18
Dividend Yield 3.34%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 100.24
Resistance 3 (R3) 100.71 99.48 99.40
Resistance 2 (R2) 99.48 98.19 99.25 99.11
Resistance 1 (R1) 97.33 97.39 96.72 96.86 98.83
Pivot Point 96.10 96.10 95.80 95.87 96.10
Support 1 (S1) 93.95 94.81 93.34 93.48 91.51
Support 2 (S2) 92.72 94.01 92.49 91.23
Support 3 (S3) 90.57 92.72 90.95
Support 4 (S4) 90.10