Question 1

What does the Stochastic Oscillator suggest about EMN's trend?

Accepted Answer

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Question 2

How did EMN's Momentum indicator behave recently?

Accepted Answer

EMN saw its Momentum Indicator move above the 0 level on August 16, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 79 similar instances where the indicator turned positive. In 52 of the 79 cases, the stock moved higher in the following days. The odds of a move higher are at 0%.

Question 3

What does MACD indicator imply for EMN?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for EMN just turned positive on August 16, 2024. Looking at past instances where EMN's MACD turned positive, the stock continued to rise in 29 of 44 cases over the following month. The odds of a continued upward trend are 0%.

Question 4

What is the significance of the 50-day moving average indicator for EMN?

Accepted Answer

EMN moved below its 50-day moving average on August 16, 2024 date and that indicates a change from an upward trend to a downward trend.

Question 5

What is the significance of the 10-day moving average indicator for EMN?

Accepted Answer

The 10-day moving average for EMN crossed bearishly below the 50-day moving average on August 09, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 8 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 0%.

Question 6

What does a 3-day decline signify for EMN's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where EMN declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 7

What does EMN breaking above its upper Bollinger Band indicate?

Accepted Answer

EMN broke above its upper Bollinger Band on July 30, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Question 8

How does the Aroon Indicator reflect on EMN's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 145 of 266 cases where EMN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

EMN Stock Eastman Chemical (EMN, $100.63) Moving Average Convergence Divergence (MACD) Histogram turned positive on May 7, 2024

Momentum Indicator for EMN turns positive, indicating new upward trend

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