EATON CORP PLC (ETN) Stock Technical Analysis
NYSE:ETN - New York Stock Exchange, Inc. - IE00B8KQN827 - Common Stock - Currency: USD
We assign a technical rating of 6 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.
In the last month ETN has a been trading in the 345.74 - 399.56 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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 2335210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ETN did better than 78% 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 58% of them.
ETN has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
256.37
396.70
3 important support areas can be observed.
- A support zone ranging from 351.60 to 358.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @331.13 from a horizontal line in the daily time frame.
- Support @258.96 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important 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 | NEUTRAL | NEUTRAL | The short term trend for ETN is neutral. |
| ChartMill Relative Strength | 78.85 | POSITIVE | ETN has a high relative strength, it outperformed 78.85% 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 | 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) | 42.52 | NEUTRAL | The RSI value for ETN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.11 | NEGATIVE | The MACD value suggests ETN has a negative trend. |
| Stochastics (14,3) | 27.06 | NEUTRAL | The Stochastics value for ETN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for ETN suggests some volalility. |
| Average Directional Index/ADX (14) | 22.81 | NEUTRAL | The ADX value for ETN suggests a possible start of a new 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)
358.16
+1.71 (+0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg0.48%
1 Week-8.19%
2 Weeks-5.81%
1 Month-0.45%
3 Month15.58%
6 Month14.41%
12 Month22.81%
2 Year55.47%
3 Year162.12%
5 Year250.79%
10 Year527.69%
15 Year930.97%
Volatility
ATR(14)9.79
ATR(20)%2.81%
ATR Inc124.01%
Range Today8.34
ADR(20)7.89
ADR(20)%2.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.85
Mansfield0.11
10 Day High399.56
10 Day Low353.7
20 Day High399.56
20 Day Low345.74
52 Week High399.56
52 Week Low231.85
CS1 End358.15
CR1 Start392.18
Volume & EV
DER(3)2.63%
DER(5)2.08%
Volume4.51M
Volume Incr91.76%
Vol(5)3.93M
Vol(50)2.34M