The Greedy Trader Weekly Analysis
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Eaton Corp.
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Summary:
Weekly :Stochastic signal line moved below overbought area
Daily :Stochastic signal line moved above oversold areaThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Eaton Corp. (ETN). During the week, the ETN gained 2.02 points, or 2.50%, and closed at 82.79 on Friday, February 16, 2018. Weekly volume was -14% 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 56.89 and resistance is at 104.87. 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 trend support level is at 77.90 and resistance is at 90.13. 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 medium-term trend.

Weekly Technical Indicators: [See ETN weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 weekly MACD line is above its signal line since December 29, 2017. This is an indication that the medium-term trend is up. 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 89.85 on February 1, 2018. ETN gained -14.95 points, or -19.96%, in 57 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 79.48 and resistance is at 93.64. 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 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.

The daily MACD line is below its signal line since February 1, 2018.

During the last week, the price has moved above 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) 42.97
Williams' Percentage Range (W%R) 66.20
Lane's Stochastic (%D-Slow) 44.93
Greed/Fear Indicator (GFI) 40.57
Moving Average Converg./Diverg. (MACD) 0.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.93
Williams' Percentage Range (W%R) 48.10
Lane's Stochastic (%D-Slow) 71.39
Greed/Fear Indicator (GFI) 60.17
Moving Average Converg./Diverg. (MACD) 1.62
Trading Signals
Description Value Chart
Weekly Trendline Resistance 93.64
Monthly Trendline Resistance 91.18
Quarterly Trendline Resistance 90.13
Upper Bollinger Band 86.73
Weekly Stochastic Crossing 85.50
Parabolic System 84.18
20 Day Moving Average 83.55
Price 82.79
Daily Stochastic Crossing 81.64
50 Day Moving Average 81.17
Weekly Trendline Support 79.48
Lower Bollinger Band 78.60
Monthly Trendline Support 78.51
Quarterly Trendline Support 77.90
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Auto Parts 54
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 89.85
High Date 02/01/2018
Low 78.99
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 93.64
Support 79.48
Low 74.90
Low Date 12/06/2017
High 89.85
High Date 02/01/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 91.18
Support 78.51
Low 69.82
Low Date 08/29/2017
High 89.85
High Date 02/01/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 90.13
Support 77.90
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 104.87
Support 56.89
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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