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Advanced TA SearchArchive
- 4/5/2024 -
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Emerson Electric (EMR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a sixth consecutive positive week for the Emerson Electric (EMR). During the week, the EMR climbed 1.12 points, or 0.99%, and closed at 114.54 on Friday, April 5, 2024. Weekly volume was -32% 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 (82.65) 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 114.94 on April 4, 2024. EMR gained -42.53 points, or -58.73%, in 79 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (86.14) 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, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 114.94 on April 4, 2024. EMR gained -23.29 points, or -25.41%, in 64 days. Price is near the trend high.
 Daily Technical Indicators: [See EMR daily technical indicators chart]
Daily technical indicators are neutral. Daily Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is below its signal line since March 11, 2024. The distance between MACD and the signal line is low, but getting bigger.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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