The Greedy Trader Weekly Analysis
Sign In May 3, 2024
Skip Navigation Links
TA Search
Share
Monthly Price vs. Fibonacci:Near 38.2% retracement level
Number of records: 6
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Stock Market Trend Analysis and Technical Indicators Scanner.
technical analysis,screen stochastic,moving average trading system, trading indicator,technical analysis stock screen, macd convergence divergence, technical indicator macd,technical investment analysis,trading indicator,stochastics, bulls, bears, bullish, bearish, market, stock market
Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

Advanced TA Search

Archive
- 4/26/2024 -
Sign In to see current Signals.

Eaton Corp. (ETN) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineBroken trend resistance line
Daily :Broken trend resistance lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Eaton Corp. (ETN). During the week, the ETN gained 21.28 points, or 7.02%, and closed at 324.30 on Friday, April 26, 2024. It was the best weekly gain since February 2, 2024. Weekly volume was 37% above average.

ETN 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 ETN long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 15.01 and reached 331.47 on April 5, 2024. ETN gained -316.46 points, or -2108.33%, in 787 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (84.28) 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 uptrend had started on July 14, 2022 at 122.50 and reached 331.47 on April 5, 2024. ETN gained -208.97 points, or -170.59%, in 90 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (220.36) 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 ETN weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 8, 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 ETN short-term trend chart]
A short-term downtrend had started on April 5, 2024 at 331.47 and reached 302.26 on April 19, 2024. ETN lost 29.21 points, or 8.81%, in 14 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (299.44) 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 short-term trend.

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

The daily MACD line is below its signal line since April 8, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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

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) 48.66
Williams' Percentage Range (W%R) 45.40
Lane's Stochastic (%D-Slow) 60.69
Greed/Fear Indicator (GFI) 54.65
Moving Average Converg./Diverg. (MACD) 3.79
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.80
Williams' Percentage Range (W%R) 12.40
Overbought
Lane's Stochastic (%D-Slow) 81.84
Overbought
Greed/Fear Indicator (GFI) 79.33
Moving Average Converg./Diverg. (MACD) 23.20
Trading Signals
Description Value Chart
Upper Bollinger Band 326.05
Price 324.30
Weekly Stochastic Crossing 322.27
Daily Stochastic Crossing 318.33
20 Day Moving Average 316.11
Weekly Trendline Resistance 314.85
50 Day Moving Average 304.06
Parabolic System 302.89
Lower Bollinger Band 301.00
Weekly Trendline Support 299.44
Quarterly Trendline Resistance 291.55
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Electrical Components & Equipment 103
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 302.26
Low Date 04/19/2024
High 325.41
High Date 04/24/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 314.85
Support 299.44
High 331.47
High Date 04/05/2024
Low 302.26
Low Date 04/19/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 191.82
Low Date 10/20/2023
High 331.47
High Date 04/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 291.55
Support 220.36
Low 122.50
Low Date 07/14/2022
High 331.47
High Date 04/05/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 122.90
Support 84.28
Low 15.01
Low Date 03/06/2009
High 331.47
High Date 04/05/2024
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.