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Advanced TA SearchArchive
- 4/19/2024 -
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Emerson Electric (EMR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Emerson Electric (EMR). During the week, the EMR dropped -4.07 points, or -3.61%, and closed at 108.58 on Friday, April 19, 2024. It was the worst weekly loss since November 10, 2023. Weekly volume was -26% below average.
EMR is a member of Industrials Sector. Industrials is the second most overbought 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 EMR long-term trend chart]
A long-term downtrend had started on September 3, 2021 at 105.99 and reached 72.41 on September 27, 2022. EMR lost 33.58 points, or 31.68%, in 55 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (82.92) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
 Medium-term trend: [See EMR medium-term trend chart]
A medium-term uptrend had started on September 27, 2022 at 72.41 and reached 115.26 on April 9, 2024. EMR gained -42.85 points, or -59.18%, in 80 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (86.51) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See EMR weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since December 22, 2023. This is an indication that the medium-term trend is up. 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 November 7, 2023 at 83.10 and reached 115.26 on April 9, 2024. EMR gained -32.16 points, or -38.70%, in 154 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 99.90 and resistance is at 117.22. 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 short-term trend.
 Daily Technical Indicators: [See EMR daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since March 11, 2024. The distance between MACD and the signal line is relatively high and getting bigger.
During the last week, the price has declined below 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.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.
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