Eastern Technical Analysis (NASDAQ:EML)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Eastern stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the EML stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Eastern. The technical analysis form of Eastern stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Eastern Moving Average
Moving averages help predict the price direction of EML stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $30.36 is below the last closing price of $30.4 and the 50 day moving average of $29.64 is below the last closing price of $30.4. The 10 and 20 day periods can predict short term moving average trends.
Eastern Bollinger Bands
Bollinger bands comprise of a center line usually EML SMA, and two EML stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Eastern bollinger bands.
Eastern Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Eastern MACD indicator can be used to identify bullish and bearish trends for the stock.
Eastern Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of EML stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.