Eastman Chemical is a global specialty materials company. Co.'s Additives and Functional Products segment manufactures materials for products in the transportation; personal care and wellness; food, feed, and agriculture; building and construction; water treatment and energy; consumables; and durables and electronics markets. Co.'s Advanced Materials segment produces and markets polymers, films, and plastics. Co.'s Chemical Intermediates segment sells and markets industrial chemicals and processing, building and construction, health and wellness, and agrochemicals. Co.'s Fibers segment manufactures and sells acetate tow and triacetin plasticizers for use in filtration media.
When researching a stock like Eastman Chemical, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from EMN Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for EMN stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the EMN 200 day moving average ("EMN 200 DMA"), while one of the most popular "shorter look-backs" is the EMN 50 day moving average ("EMN 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Eastman Chemical. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the EMN 200 DMA and the EMN 50 DMA, we get a moving average convergence divergence indicator ("EMN MACD"). The EMN MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis