EATON CORP PLC (ETN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ETN - IE00B8KQN827 - Common Stock
331.98 USD
-18.38 (-5.25%)
332.5 USD
+0.52 (+0.16%)
Overall ETN gets a technical rating of 1 out of 10. ETN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, ETN is a bad performer in the overall market: 76% of all stocks are doing better.
ETN has an average volume of 2620510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
ETN is an average performer in the Electrical Equipment industry, it outperforms 42% of 90 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.
In the last month ETN has a been trading in the 320.20 - 361.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of ETN is bad and it also does not present a quality setup 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
315.67
396.69
When analyzing the support we can see 2 important areas.
- A support zone ranging from 328.18 to 331.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @318.86 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 335.11 to 340.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 352.38 to 353.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 361.35 to 362.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 378.31 to 381.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @392.76 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for ETN is neutral. |
| ChartMill Relative Strength | 24.89 | NEGATIVE | ETN has a low relative strength, it was outperformed by 75.11% 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) | DOWN | NEGATIVE | The current price of ETN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ETN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.36 | NEUTRAL | The RSI value for ETN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.55 | POSITIVE | The MACD value suggests ETN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.02 | NEUTRAL | The Stochastics value for ETN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for ETN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.64 | 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)
331.98
-18.38 (-5.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-5.25%
1 Week-1.68%
2 Weeks-4.02%
1 Month-6.24%
3 Month-9.27%
6 Month2.57%
12 Month-6.75%
2 Year37.85%
3 Year111.52%
5 Year176.33%
10 Year537.93%
15 Year554.08%
Volatility
ATR(14)10.13
ATR(20)%3.44%
ATR Inc51.41%
Range Today20.58
ADR(20)11.11
ADR(20)%3.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.89
3 months CRS21.43
6 months CRS41.13
Mansfield-1.07
10 Day High354.37
10 Day Low323.57
20 Day High361
20 Day Low320.2
52 Week High399.56
52 Week Low231.85
CS1 End331.7
CR1 Start335.11
Volume & EV
DER(3)1.32%
DER(5)1.19%
Volume3.92M
Volume Incr2.14%
Vol(5)2.95M
Vol(50)2.62M
EATON CORP PLC / ETN FAQ
Can you provide the ChartMill technical rating for EATON CORP PLC?
ChartMill assigns a technical rating of 1 / 10 to ETN.
Can you provide the trend direction for EATON CORP PLC?
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 40.3608. This indicates that the stock is currently neutral.
What is the short term momentum for EATON CORP PLC (ETN) stock?
The short term momentum for EATON CORP PLC (ETN) is neutral.