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|It was a second consecutive positive week for the Emerson Electric (EMR). During the week, the EMR gained 3.58 points, or 5.23%, and closed at 72.00 on Friday, May 11, 2018. It was the best weekly gain since February 16, 2018. EMR was trading at average weekly trading volume. |
Long-term trend: [See EMR long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 41.25 and reached 74.45 on January 12, 2018. EMR gained -33.20 points, or -80.48%, in 103 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 66.77 and resistance is at 79.58. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
Medium-term trend: [See EMR medium-term trend chart]
A medium-term downtrend had started on January 12, 2018 at 74.45 and reached 65.14 on April 2, 2018. EMR lost 9.31 points, or 12.51%, in 11 weeks. The price is now at the 73.68% retracement 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 March 2, 2018. This is an indication that the medium-term trend is down. 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 May 1, 2018 at 65.86 and reached 72.58 on May 11, 2018. EMR gained -6.72 points, or -10.20%, in 10 days. The price is now at the 8.63% retracement level.
Daily Technical Indicators: [See EMR daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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 and Williams' Percentage Range help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.