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Monthly Pattern:Rising Wedge
Number of records: 11
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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 :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtOversold sector
Daily :The price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Eaton Corp. (ETN). During the week, the ETN gave back -0.06 points, or -0.07%, and closed at 86.67 on Friday, October 05, 2018. Weekly volume was -18% below average.

ETN is a member of Consumer Goods Sector. Consumer 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 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 59.69 and resistance is at 109.26. 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 May 3, 2018 at 71.62 and reached 89.46 on September 21, 2018. ETN gained -17.84 points, or -24.91%, in 20 weeks. The price is now at the 15.64% retracement level.

Weekly Technical Indicators: [See ETN weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, 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 July 20, 2018. 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 ETN short-term trend chart]
A short-term uptrend had started on September 28, 2018 at 86.45 and reached 89.02 on October 3, 2018. ETN gained -2.57 points, or -2.97%, in 5 days. The price is now at the 91.44% retracement level.

Daily Technical Indicators: [See ETN daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since September 25, 2018. The distance between MACD and the signal line is low, but getting bigger.

The price is close to the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.06
Williams' Percentage Range (W%R) 32.30
Lane's Stochastic (%D-Slow) 36.77
Greed/Fear Indicator (GFI) 50.18
Moving Average Converg./Diverg. (MACD) 1.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.38
Overbought
Williams' Percentage Range (W%R) 10.30
Overbought
Lane's Stochastic (%D-Slow) 88.87
Overbought
Greed/Fear Indicator (GFI) 80.41
Overbought
Moving Average Converg./Diverg. (MACD) 1.19
Trading Signals
Description Value Chart
Parabolic System 89.11
Upper Bollinger Band 88.27
Weekly Stochastic Crossing 88.15
Daily Stochastic Crossing 87.33
20 Day Moving Average 87.07
Price 86.67
Lower Bollinger Band 84.77
50 Day Moving Average 83.98
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Auto Parts 33
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 86.45
Low Date 09/28/2018
High 89.02
High Date 10/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.48
Low Date 06/28/2018
High 89.46
High Date 09/21/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.62
Low Date 05/03/2018
High 89.46
High Date 09/21/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 109.26
Support 59.69
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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