The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 3/15/2024 -
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Emerson Electric (EMR) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a third consecutive positive week for the Emerson Electric (EMR). During the week, the EMR climbed 0.44 points, or 0.40%, and closed at 110.59 on Friday, March 15, 2024. Weekly volume was -26% below average.

EMR is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See EMR long-term trend chart]
A long-term downtrend had started on September 3, 2021 at 105.99 and reached 72.41 on September 27, 2022. EMR lost 33.58 points, or 31.68%, in 55 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (82.27) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See EMR medium-term trend chart]
A medium-term uptrend had started on September 27, 2022 at 72.41 and reached 111.20 on March 8, 2024. EMR gained -38.79 points, or -53.57%, in 75 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (85.61) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See EMR weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 22, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See EMR short-term trend chart]
A short-term uptrend had started on January 31, 2024 at 91.65 and reached 111.20 on March 8, 2024. EMR gained -19.55 points, or -21.33%, in 37 days. Price is near the trend high.

Daily Technical Indicators: [See EMR daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.19
Williams' Percentage Range (W%R) 20.60
Lane's Stochastic (%D-Slow) 78.40
Greed/Fear Indicator (GFI) 78.01
Moving Average Converg./Diverg. (MACD) 2.82
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.78
Overbought
Williams' Percentage Range (W%R) 5.40
Strong Overbought
Lane's Stochastic (%D-Slow) 93.48
Strong Overbought
Greed/Fear Indicator (GFI) 83.72
Overbought
Moving Average Converg./Diverg. (MACD) 2.41
Trading Signals
Description Value Chart
Upper Bollinger Band 111.90
Parabolic System 111.31
Daily Stochastic Crossing 110.64
Price 110.59
Weekly Stochastic Crossing 109.95
20 Day Moving Average 108.02
Lower Bollinger Band 103.29
Quarterly Trendline Resistance 101.35
50 Day Moving Average 101.30
Yearly Trendline Resistance 94.08
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Electrical Components & Equipment 108
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 91.65
Low Date 01/31/2024
High 111.20
High Date 03/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.10
Low Date 11/07/2023
High 111.20
High Date 03/08/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.94
Low Date 05/31/2023
High 111.20
High Date 03/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 101.35
Support 85.61
Low 72.41
Low Date 09/27/2022
High 111.20
High Date 03/08/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 94.08
Support 82.27
High 105.99
High Date 09/03/2021
Low 72.41
Low Date 09/27/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.