The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Wedge
Number of records: 13
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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 :Oversold sector
Daily :The price has fallen below the Parabolic SARPrice is close to the 50 Day Moving Average
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 -0.41 points, or -0.53%, and closed at 77.29 on Friday, December 08, 2017. Weekly volume was 26% above 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 January 20, 2016 at 46.19 and reached 82.34 on November 1, 2017. ETN gained -36.15 points, or -78.26%, in 93 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 75.09 and resistance is at 87.32. 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 ETN medium-term trend chart]
A medium-term downtrend had started on November 1, 2017 at 82.34 and reached 74.90 on December 6, 2017. ETN lost 7.44 points, or 9.04%, in 5 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 74.81 and resistance is at 77.93. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern 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 November 17, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 December 6, 2017 at 74.90 and reached 77.86 on December 8, 2017. ETN gained -2.96 points, or -3.95%, in 2 days. The price is now at the 19.26% retracement level.

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

The daily MACD line is above its signal line since December 6, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Price is close to the 50 Day Moving Average. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.30
Williams' Percentage Range (W%R) 30.20
Lane's Stochastic (%D-Slow) 36.17
Greed/Fear Indicator (GFI) 55.10
Moving Average Converg./Diverg. (MACD) -0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.30
Williams' Percentage Range (W%R) 38.70
Lane's Stochastic (%D-Slow) 29.73
Greed/Fear Indicator (GFI) 47.76
Moving Average Converg./Diverg. (MACD) 1.01
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 87.32
Upper Bollinger Band 78.60
Parabolic System 78.25
Weekly Trendline Resistance 77.93
50 Day Moving Average 77.77
Price 77.29
20 Day Moving Average 76.56
Weekly Stochastic Crossing 76.44
Daily Stochastic Crossing 76.31
Lower Bollinger Band 75.16
Quarterly Trendline Support 75.09
Weekly Trendline Support 74.81
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Auto Parts 62
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 74.90
Low Date 12/06/2017
High 77.86
High Date 12/08/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 77.93
Support 74.81
High 82.34
High Date 11/01/2017
Low 74.90
Low Date 12/06/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.82
Low Date 08/29/2017
High 82.34
High Date 11/01/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 87.32
Support 75.09
Low 46.19
Low Date 01/20/2016
High 82.34
High Date 11/01/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.01
Low Date 03/06/2009
High 82.34
High Date 11/01/2017
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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