EATON CORP PLC (ETN) Stock Technical Analysis
USA - NYSE:ETN - IE00B8KQN827 - Common Stock
We assign a technical rating of 8 out of 10 to ETN. Although ETN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ETN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 392.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 367.30, a Stop Loss order could be placed below this zone.
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339.55
We found 2 important support areas.
- A support zone ranging from 362.22 to 367.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 342.98 to 347.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 392.18 to 392.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for ETN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETN is up. |
| ChartMill Relative Strength | 57.27 | NEUTRAL | ETN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ETN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.98 | NEUTRAL | The RSI value for ETN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests ETN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.52 | OVERBOUGHT | The high Stochastics value suggests ETN may be overbought. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for ETN suggests some volalility. |
| Average Directional Index/ADX (14) | 12.92 | NEGATIVE | The low ADX value for ETN suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 392.78 | 362.21 | 30.57 (7.78%) | 12.85% |
| An entry @392.78. This is a Buy Stop order right above the resistance zone. | An exit @362.21. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 30.57 points, which is 7.78%. | When investing 12.85% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
381.56
-1.53 (-0.4%)
EATON CORP PLC / ETN FAQ
Can you provide the ChartMill technical rating for EATON CORP PLC?
ChartMill assigns a technical rating of 8 / 10 to ETN.
Can you provide the trend direction for EATON CORP PLC?
The current trend direction for EATON CORP PLC (ETN) is Bullish.
What is the RSI signal for EATON CORP PLC (ETN) stock?
EATON CORP PLC (ETN) has an RSI value of 54.9762. This indicates that the stock is currently neutral.
What is the short term momentum for EATON CORP PLC (ETN) stock?
The short term momentum for EATON CORP PLC (ETN) is positive.
What is the buy/sell signal for EATON CORP PLC (ETN) stock?
The buy/sell signal for EATON CORP PLC (ETN) is buy as both the short term and long term trends are positive.