EATON CORP PLC (ETN) Stock Technical Analysis
NYSE:ETN - New York Stock Exchange, Inc. - IE00B8KQN827 - Common Stock - Currency: USD
Overall ETN gets a technical rating of 9 out of 10. 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.
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 2243620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ETN is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
ETN is part of the Electrical Equipment industry. There are 93 other stocks in this industry, ETN did better than 65% of them.
Besides having an excellent technical rating, ETN also presents 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 360.28, a Stop Loss order could be placed below this zone.
More info and screens
254.32
381.31
4 important support areas can be observed.
- A support zone ranging from 355.75 to 360.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 331.13 to 334.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @318.85 from a horizontal line in the daily time frame.
- Support @256.89 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 371.95 to 377.53. 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 | 82.18 | POSITIVE | ETN has a high relative strength, it outperformed 82.18% 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) | 66.56 | NEUTRAL | The RSI value for ETN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ETN has a negative trend. |
| Stochastics (14,3) | 88.96 | OVERBOUGHT | The high Stochastics value suggests ETN may be overbought. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for ETN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.39 | 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)
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 |
|---|---|---|---|
| 363.43 | 355.74 | 7.69 (2.12%) | 25.00% |
| An entry @363.43. This is a Buy Stop order right above the 10 day high. | An exit @355.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.69 points, which is 2.12%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%. |
- 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.
360.29
-0.33 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-0.09%
1 Week0.5%
2 Weeks2%
1 Month9.07%
3 Month34.28%
6 Month4.05%
12 Month15.52%
2 Year75.48%
3 Year142.8%
5 Year286.87%
10 Year494.73%
15 Year818.4%
Volatility
ATR(14)7.53
ATR(20)%2.26%
ATR Inc-24.09%
Range Today4.05
ADR(20)7.5
ADR(20)%2.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.18
Mansfield0.37
10 Day High363.42
10 Day Low345.74
20 Day High363.42
20 Day Low322.31
52 Week High379.99
52 Week Low231.85
CS1 End360.28
CR1 Start371.95
Volume & EV
DER(3)2%
DER(5)1.25%
Volume1.18M
Volume Incr-22.85%
Vol(5)1.72M
Vol(50)2.24M