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Archive
- 9/4/2026 -
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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 -1.84 points, or -2.52%, and closed at 71.19 on Friday, September 4, 2026. It was the worst weekly loss since July 2, 2026. Weekly volume was -45% below average.
 Long-term trend: [See EMN long-term trend chart]
A long-term downtrend had started on September 27, 2024 at 114.50 and reached 56.11 on November 20, 2025. EMN lost 58.39 points, or 51.00%, in 59 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See EMN medium-term trend chart]
A medium-term downtrend had started on February 12, 2026 at 83.47 and reached 64.59 on March 20, 2026. EMN lost 18.88 points, or 22.62%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 66.93 and resistance is at 72.14. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See EMN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since August 14, 2026. The distance between MACD and the signal line is low and getting smaller. 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 July 1, 2026 at 66.00 and reached 75.75 on August 19, 2026. EMN gained -9.75 points, or -14.77%, in 49 days. The chart has formed a Broadening Ascending Wedge chart pattern.
Daily Technical Indicators: [See EMN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since August 21, 2026.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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