EATON CORP PLC (ETN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ETN - IE00B8KQN827 - Common Stock
Taking everything into account, ETN scores 0 out of 10 in our technical rating. ETN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, ETN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 323.58, a Stop Loss order could be placed below this zone.
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312.65
When analyzing the support we notice one important area.
- A support zone ranging from 315.81 to 323.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 324.76 to 330.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @353.46 from a horizontal line in the daily time frame.
- Resistance @362.22 from a horizontal line in the daily time frame.
- Resistance @378.31 from a horizontal line in the daily time frame.
- Resistance @392.76 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ETN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ETN is down. |
| ChartMill Relative Strength | 20.69 | NEGATIVE | ETN has a low relative strength, it was outperformed by 79.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ETN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ETN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.97 | NEUTRAL | The RSI value for ETN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.33 | POSITIVE | The MACD value suggests ETN has a positive trend. |
| Stochastics (14,3) | 45.12 | NEUTRAL | The Stochastics value for ETN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for ETN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.68 | POSITIVE | The high ADX value value for ETN suggests a strong trend. |
324.51
+3.93 (+1.23%)
EATON CORP PLC / ETN FAQ
Can you provide the ChartMill technical rating for EATON CORP PLC?
ChartMill assigns a technical rating of 0 / 10 to ETN.
What is the current trend direction of EATON CORP PLC (ETN) stock?
The current trend direction for EATON CORP PLC (ETN) is Bearish.
What is the RSI signal for EATON CORP PLC (ETN) stock?
EATON CORP PLC (ETN) has an RSI value of 45.9654. This indicates that the stock is currently neutral.
What is the MACD signal for ETN stock?
The MACD indicator for EATON CORP PLC (ETN) has a value of 1.3282, indicating a bullish trend.
Can you provide the support and resistance levels for EATON CORP PLC?
EATON CORP PLC (ETN) has a support level at 323.58 and a resistance level at 324.76. Check the full technical report for our detailed analysis of ETN support and resistance levels.