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Archive
- 4/17/2025 -
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Eaton Corp. (ETN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Eaton Corp. (ETN). During the week, the ETN dropped -9.18 points, or -3.31%, and closed at 268.32 on Thursday, April 17, 2025. Weekly volume was 7% above 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 380.00 on November 26, 2024. ETN gained -364.99 points, or -2431.65%, in 820 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (88.79) 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 long-term trend.
 Medium-term trend: [See ETN medium-term trend chart]
A medium-term downtrend had started on November 26, 2024 at 380.00 and reached 231.90 on April 7, 2025. ETN lost 148.10 points, or 38.97%, in 18 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See ETN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 20, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend 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 April 7, 2025 at 231.90 and reached 286.60 on April 9, 2025. ETN gained -54.70 points, or -23.59%, in 2 days. The price is now at the 33.42% 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 April 10, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
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.
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