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|It was the negative week for the Emerson Electric (EMR). During the week, the EMR dropped -1.13 points, or -1.62%, and closed at 68.49 on Friday, November 09, 2018. Weekly volume was 58% above average. |
EMR is a member of Industrial Goods Sector. Industrial Goods is the second most oversold 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 uptrend had started on January 20, 2016 at 41.25 and reached 79.70 on October 4, 2018. EMR gained -38.45 points, or -93.21%, in 141 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (71.48) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
Medium-term trend: [See EMR medium-term trend chart]
A medium-term downtrend had started on October 4, 2018 at 79.70 and reached 65.45 on October 29, 2018. EMR lost 14.25 points, or 17.88%, in 3 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Weekly Technical Indicators: [See EMR weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend 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 October 29, 2018 at 65.45 and reached 71.18 on November 7, 2018. EMR gained -5.73 points, or -8.75%, in 9 days. The price is now at the 46.95% retracement level.
Daily Technical Indicators: [See EMR daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 1, 2018. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (68.35) comes close to the price (68.49). It indicates that the trend is getting weaker. 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.