EATON CORP PLC (ETN) Stock Technical Analysis
NYSE:ETN - IE00B8KQN827 - Common Stock
355.34 USD
+3.94 (+1.12%)
356 USD
+0.66 (+0.19%)
We assign a technical rating of 4 out of 10 to ETN. ETN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
ETN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
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 has an average volume of 2346510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, ETN did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ETN is part of the Electrical Equipment industry. There are 93 other stocks in this industry, ETN did better than 47% of them.
ETN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 352.00, a Stop Loss order could be placed below this zone.
More info and screens
258.43
396.70
We found 2 important support areas.
- A support zone ranging from 345.37 to 352.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @261.04 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The short term trend for ETN is down. |
| ChartMill Relative Strength | 72.41 | POSITIVE | ETN has a high relative strength, it outperformed 72.41% 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) | DOWN | MIXED | The current price of ETN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.01 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 52.66 | NEUTRAL | The Stochastics value for ETN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for ETN suggests some volalility. |
| Average Directional Index/ADX (14) | 25.31 | 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)
355.34
+3.94 (+1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg1.12%
1 Week2.88%
2 Weeks0.07%
1 Month-7.64%
3 Month10.97%
6 Month21.14%
12 Month15.77%
2 Year54.25%
3 Year160.06%
5 Year248.03%
10 Year522.75%
15 Year922.86%
Volatility
ATR(14)6.42
ATR(20)%2.22%
ATR Inc-28.54%
Range Today4.48
ADR(20)6.57
ADR(20)%1.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.41
Mansfield-0.22
10 Day High357.16
10 Day Low339.26
20 Day High386.53
20 Day Low339.26
52 Week High399.56
52 Week Low231.85
CS1 End352
CR1 Start392.18
Volume & EV
DER(3)-0.16%
DER(5)-0.46%
Volume1.77M
Volume Incr-35.98%
Vol(5)1.68M
Vol(50)2.35M