EATON CORP PLC (ETN) Technical Analysis
NYSE:ETN • IE00B8KQN827
Current stock price
ETN Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to ETN. Both in the recent history as in the last year, ETN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ETN is one of the better performing stocks in the market, outperforming 83% of all stocks.
- 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.
- ETN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- ETN has an average volume of 2475480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ETN is an average performer in the Electrical Equipment industry, it outperforms 62% of 92 stocks in the same industry.
ETN Weekly and Daily overview Charts
ETN Setup Rating and Analysis
ETN has an excellent technical rating, but the quality of the setup is only medium 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
ETN Support and Resistance Analysis
341.93
We found 3 important support areas.
- A support zone ranging from 410.76 to 410.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @369.53 from a trend line in the weekly time frame.
- A support zone ranging from 345.38 to 354.40. 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 | 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 | 83.28 | POSITIVE | ETN has a high relative strength, it outperformed 83.28% 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) | 61.2 | NEUTRAL | The RSI value for ETN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests ETN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.99 | NEUTRAL | The Stochastics value for ETN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for ETN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.1 | NEUTRAL | The ADX value for ETN suggests a possible start of a new trend. |
ETN Chart- and CandleStick Pattern Analysis
ETN Example Setup
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 |
|---|---|---|---|
| 411.92 | 410.75 | 1.17 (0.28%) | 25.00% |
| An entry @411.92. This is a Buy Stop order right above the 10 day moving average. | An exit @410.75. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.17 points, which is 0.28%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.07%. |
- The distance between exit and entry is rather small compared to the average daily movement of ETN. Please evaluate whether better entry and exit points can be found.
- 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.
ETN Technicals: Chart, Performance Metrics, Trend & Indicators
410.77
-2.3 (-0.56%)
EATON CORP PLC / ETN TA 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.
Can you provide the RSI signal for EATON CORP PLC?
EATON CORP PLC (ETN) has an RSI value of 61.2049. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for EATON CORP PLC?
The buy/sell signal for EATON CORP PLC (ETN) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ETN stock?
EATON CORP PLC (ETN) has a support level at 410.76. Check the full technical report for our detailed analysis of ETN support and resistance levels.