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Uptrend ExhaustionArchive
- 11/8/2024 -
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Emerson Electric (EMR) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the Emerson Electric (EMR). During the week, the EMR gained 18.80 points, or 17.33%, and closed at 127.30 on Friday, November 8, 2024. Weekly volume was 83% above average.
EMR is a member of Industrials Sector. Industrials is the 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 uptrend had started on March 23, 2020 at 37.75 and reached 128.60 on November 8, 2024. EMR gained -90.85 points, or -240.66%, in 241 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (97.05) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 May 31, 2023 at 76.94 and reached 128.60 on November 8, 2024. EMR gained -51.66 points, or -67.14%, in 75 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (126.88). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See EMR weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 October 11, 2024. 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 October 24, 2024 at 107.45 and reached 128.60 on November 8, 2024. EMR gained -21.15 points, or -19.68%, in 15 days. The price is now at the 6.15% retracement level.
 Daily Technical Indicators: [See EMR daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is 106.37% higher then one year average. It indicates the period of high volatility of the stock price. 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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