EATON CORP PLC (ETN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ETN - IE00B8KQN827 - Common Stock
Taking everything into account, ETN scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ETN was also a bad performer in the overall market in the last year.
- 74% of all other stocks performed better in the past year than ETN.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month ETN has a been trading in the 314.00 - 349.60 range, which is quite wide. It is currently trading near the high of this range.
- ETN has an average volume of 2912220 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 46% of 91 stocks in the same industry.
- ETN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ETN is lagging the market.
The technical rating of ETN is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
312.65
We found 1 important support area.
- A support zone ranging from 315.81 to 330.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @362.22 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for ETN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETN is up. |
| ChartMill Relative Strength | 26.24 | NEGATIVE | ETN has a low relative strength, it was outperformed by 73.76% 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) | DOWN | MIXED | The current price of ETN is above a declining 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) | 60.08 | NEUTRAL | The RSI value for ETN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.94 | POSITIVE | The MACD value suggests ETN has a positive trend. |
| Stochastics (14,3) | 78.22 | NEUTRAL | The Stochastics value for ETN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for ETN suggests some volalility. |
| Average Directional Index/ADX (14) | 24.11 | NEUTRAL | The ADX value for ETN suggests a possible start of a new trend. |
343.75
+10.29 (+3.09%)
EATON CORP PLC / ETN FAQ
Can you provide the ChartMill technical rating for EATON CORP PLC?
ChartMill assigns a technical rating of 3 / 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 60.0832. 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 2.93874, 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 330.75 and a resistance level at 362.22. Check the full technical report for our detailed analysis of ETN support and resistance levels.