EATON CORP PLC (ETN) Technical Analysis
NYSE:ETN • IE00B8KQN827
Current stock price
ETN Technical Rating and Analysis
Taking everything into account, ETN scores 5 out of 10 in our technical rating. Although ETN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, we notice that ETN is one of the better performing stocks in the market, outperforming 81% of all stocks.
- ETN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ETN is performing more or less in line with the market.
- ETN has an average volume of 2996020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- ETN is part of the Electrical Equipment industry. There are 92 other stocks in this industry, ETN did better than 61% of them.
- In the last month ETN has a been trading in the 338.25 - 378.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ETN Weekly and Daily overview Charts
ETN Setup Rating and Analysis
ETN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 357.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 356.19, a Stop Loss order could be placed below this zone.
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ETN Support and Resistance Analysis
312.65
We found 4 important support areas.
- A support zone ranging from 353.77 to 356.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 342.84 to 345.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @323.66 from a horizontal line in the daily time frame.
- A support zone ranging from 315.81 to 317.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 357.57 to 362.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 392.17 to 396.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
ETN Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for ETN is neutral. |
| ChartMill Relative Strength | 81.59 | POSITIVE | ETN has a high relative strength, it outperformed 81.59% 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) | UP | MIXED | The current price of ETN is below 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) | 47.09 | NEUTRAL | The RSI value for ETN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.59 | NEGATIVE | The MACD value suggests ETN has a negative trend. |
| Stochastics (14,3) | 56.3 | NEUTRAL | The Stochastics value for ETN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for ETN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.69 | NEGATIVE | The low ADX value for ETN suggests a weak or negative trend. |
ETN Chart- and CandleStick Pattern Analysis
ETN Technicals: Chart, Performance Metrics, Trend & Indicators
356.8
-3.43 (-0.95%)
EATON CORP PLC / ETN TA FAQ
Can you provide the ChartMill technical rating for EATON CORP PLC?
ChartMill assigns a technical rating of 5 / 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 47.0862. 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 -0.587784, indicating a bearish trend.
Can you provide the support and resistance levels for EATON CORP PLC?
EATON CORP PLC (ETN) has a support level at 356.19 and a resistance level at 357.57. Check the full technical report for our detailed analysis of ETN support and resistance levels.