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Monthly Pattern:Rising Wedge
Number of records: 10
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Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.
A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
Tips:
# 1
The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
Rising Wedge Pattern,Rising Wedge,Rising Wedge Chart Pattern,Stock Charting, chart pattern, charts, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
Eaton Corp.
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Summary:
Weekly :Broken trend support line
Daily :Broken trend support lineStochastic signal line moved above oversold areaThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the Eaton Corp. (ETN). During the week, the ETN gained 1.28 points, or 1.71%, and closed at 76.02 on Friday, July 06, 2018. Weekly volume was -31% below average.

Long-term trend: [See ETN long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 15.01 and reached 89.85 on February 1, 2018. ETN gained -74.84 points, or -498.60%, in 464 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 58.57 and resistance is at 107.50. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See ETN medium-term trend chart]
A medium-term uptrend had started on January 20, 2016 at 46.19 and reached 89.85 on February 1, 2018. ETN gained -43.66 points, or -94.52%, in 106 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (83.30) 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 medium-term trend.

Weekly Technical Indicators: [See ETN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 2, 2018. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See ETN short-term trend chart]
A short-term uptrend had started on May 3, 2018 at 71.62 and reached 81.18 on June 12, 2018. ETN gained -9.56 points, or -13.35%, in 40 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (83.58) 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 short-term trend.

Daily Technical Indicators: [See ETN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 link to access Lane's Stochastic help.

The daily MACD line is below its signal line since June 15, 2018. The distance between MACD and the signal line is low and getting smaller.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.42
Williams' Percentage Range (W%R) 71.30
Lane's Stochastic (%D-Slow) 47.34
Greed/Fear Indicator (GFI) 34.16
Moving Average Converg./Diverg. (MACD) -0.62
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.79
Williams' Percentage Range (W%R) 66.90
Lane's Stochastic (%D-Slow) 64.19
Greed/Fear Indicator (GFI) 48.57
Moving Average Converg./Diverg. (MACD) -0.18
Trading Signals
Description Value Chart
Weekly Trendline Support 83.58
Quarterly Trendline Support 83.30
Weekly Trendline Resistance 82.01
Upper Bollinger Band 80.88
Weekly Stochastic Crossing 78.11
20 Day Moving Average 77.33
50 Day Moving Average 77.08
Price 76.02
Daily Stochastic Crossing 75.27
Parabolic System 73.54
Lower Bollinger Band 72.41
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Auto Parts 33
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 81.18
High Date 06/12/2018
Low 73.48
Low Date 06/28/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 82.01
Support 83.58
Low 71.62
Low Date 05/03/2018
High 81.18
High Date 06/12/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 89.85
High Date 02/01/2018
Low 71.62
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 95.76
Support 83.30
Low 46.19
Low Date 01/20/2016
High 89.85
High Date 02/01/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 107.50
Support 58.57
Low 15.01
Low Date 03/06/2009
High 89.85
High Date 02/01/2018
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.

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