EATON CORP PLC (ETN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ETN - IE00B8KQN827 - Common Stock
331.71 USD
+3.52 (+1.07%)
332.88 USD
+1.17 (+0.35%)
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.
71% of all other stocks performed better in the past year than ETN.
In the last month ETN has a been trading in the 320.20 - 394.14 range, which is quite wide. It is currently trading near the lows of this range.
ETN has an average volume of 2474010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
ETN is part of the Electrical Equipment industry. There are 91 other stocks in this industry, ETN did better than 44% of them.
ETN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ETN is lagging the market slightly.
Volume is considerably higher in the last couple of days.
The technical rating of ETN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
328.39
396.69
We can see 2 important resistance areas.
- A resistance zone ranging from 360.96 to 370.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for ETN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ETN is down. |
| ChartMill Relative Strength | 29.23 | NEGATIVE | ETN has a low relative strength, it was outperformed by 70.77% 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) | 33.49 | NEUTRAL | The RSI value for ETN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.98 | NEGATIVE | The MACD value suggests ETN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.76 | OVERSOLD | The low Stochastics value suggests ETN may be oversold. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for ETN suggests some volalility. |
| Average Directional Index/ADX (14) | 27.27 | POSITIVE | The high ADX value value for ETN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
331.71
+3.52 (+1.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg1.07%
1 Week-5.87%
2 Weeks-11.25%
1 Month-11.85%
3 Month-4.57%
6 Month3.32%
12 Month-12.11%
2 Year45.68%
3 Year102.94%
5 Year173.89%
10 Year470.34%
15 Year588.2%
Volatility
ATR(14)15.02
ATR(20)%4.08%
ATR Inc57.05%
Range Today12.02
ADR(20)13.2
ADR(20)%3.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.23
3 months CRS34.34
6 months CRS45.02
Mansfield-0.88
10 Day High382.56
10 Day Low320.2
20 Day High394.14
20 Day Low320.2
52 Week High399.56
52 Week Low231.85
CS1 EndN/A
CR1 Start360.96
Volume & EV
DER(3)-2.36%
DER(5)-1.01%
Volume4.40M
Volume Incr32.23%
Vol(5)3.56M
Vol(50)2.47M
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.
Can you provide the trend direction for EATON CORP PLC?
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 33.4898. 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 negative.