EATON CORP PLC (ETN) Stock Technical Analysis
NYSE:ETN • IE00B8KQN827
Taking everything into account, ETN scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ETN is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ETN is one of the better performing stocks in the market, outperforming 77% of all stocks. On top of that, ETN also shows a nice and consistent pattern of rising prices.
- ETN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ETN is lagging the market slightly.
- In the last month ETN has a been trading in the 327.50 - 408.45 range, which is quite wide. It is currently trading near the high of this range.
- ETN has an average volume of 3088190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ETN is part of the Electrical Equipment industry. There are 92 other stocks in this industry, ETN did better than 61% of them.
Although ETN has an excellent technical rating, it does not offer a high 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.
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315.67
When analyzing the support we can see 4 important areas.
- A support zone ranging from 357.84 to 362.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 340.58 to 340.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 330.75 to 333.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @318.86 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 392.18 to 396.10. 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 | 77.62 | POSITIVE | ETN has a high relative strength, it outperformed 77.62% off all stocks 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) | 70.33 | OVERBOUGHT | The high RSI value suggests ETN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.93 | POSITIVE | The MACD value suggests ETN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.23 | OVERBOUGHT | The high Stochastics value suggests ETN may be overbought. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for ETN suggests some volalility. |
| Average Directional Index/ADX (14) | 39.46 | POSITIVE | The high ADX value value for ETN suggests a strong trend. |
389.25
-1.08 (-0.28%)
EATON CORP PLC / ETN FAQ
Can you provide the ChartMill technical rating for EATON CORP PLC?
ChartMill assigns a technical rating of 10 / 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 Bullish.
What is the RSI signal for EATON CORP PLC (ETN) stock?
EATON CORP PLC (ETN) has an RSI value of 70.327. This indicates that the stock is currently overbought.
What is the MACD signal for ETN stock?
The MACD indicator for EATON CORP PLC (ETN) has a value of 3.92885, 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 362.22 and a resistance level at 392.18. Check the full technical report for our detailed analysis of ETN support and resistance levels.