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Archive
- 9/11/2026 -
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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 -3.08 points, or -4.33%, and closed at 68.11 on Friday, September 11, 2026. It was the worst weekly loss since June 5, 2026. Weekly volume was -27% 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. The price is now at the 20.55% retracement 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 67.01 and resistance is at 71.82. 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.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily 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 daily MACD line is below its signal line since August 21, 2026. The distance between MACD and the signal line is relatively high and getting bigger.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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