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Diversified Chemicals Industry Stocks Technical Analysis - EMNArchive
- 4/17/2025 -
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Eastman Chemical (EMN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Eastman Chemical (EMN). During the week, the EMN dropped -1.59 points, or -2.03%, and closed at 76.76 on Thursday, April 17, 2025. Weekly volume was 53% above average.
 Long-term trend: [See EMN long-term trend chart]
A long-term uptrend had started on October 25, 2023 at 68.89 and reached 114.50 on September 27, 2024. EMN gained -45.61 points, or -66.21%, in 48 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (113.87) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See EMN medium-term trend chart]
A medium-term downtrend had started on September 27, 2024 at 114.50 and reached 70.90 on April 8, 2025. EMN lost 43.60 points, or 38.08%, in 27 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 69.31 and resistance is at 98.56. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See EMN weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 7, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See EMN short-term trend chart]
A short-term uptrend had started on April 8, 2025 at 70.90 and reached 82.02 on April 9, 2025. EMN gained -11.12 points, or -15.68%, in 1 days. The price is now at the 47.30% retracement level.
 Daily Technical Indicators: [See EMN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since February 20, 2025. The distance between MACD and the signal line is low and getting smaller.
The distance between the Bollinger Bands is 179.59% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Materials |
3 |
| Industry |
Diversified Chemicals |
19 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
82.02 |
| High Date |
04/09/2025 |
| Low |
73.37 |
| Low Date |
04/10/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
70.90 |
| Low Date |
04/08/2025 |
| High |
82.02 |
| High Date |
04/09/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Support |
| Resistance |
80.67 |
| Support |
81.26 |
| High |
103.82 |
| High Date |
02/18/2025 |
| Low |
70.90 |
| Low Date |
04/08/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
98.56 |
| Support |
69.31 |
| High |
114.50 |
| High Date |
09/27/2024 |
| Low |
70.90 |
| Low Date |
04/08/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
130.39 |
| Support |
113.87 |
| Low |
68.89 |
| Low Date |
10/25/2023 |
| High |
114.50 |
| High Date |
09/27/2024 |
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