The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 38.2% retracement level
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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.

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- 7/19/2024 -
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Emerson Electric (EMR) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal line20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a second consecutive positive week for the Emerson Electric (EMR). During the week, the EMR climbed 1.09 points, or 0.95%, and closed at 115.68 on Friday, July 19, 2024. Weekly volume was 15% above average.

Long-term trend: [See EMR long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 37.75 and reached 119.53 on July 16, 2024. EMR gained -81.78 points, or -216.64%, in 225 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (93.07) 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 September 27, 2022 at 72.41 and reached 119.53 on July 16, 2024. EMR gained -47.12 points, or -65.07%, in 94 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (88.82) 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 medium-term trend.

Weekly Technical Indicators: [See EMR weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since May 24, 2024. The distance between MACD and the signal line is low and getting smaller. 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 119.53 on July 16, 2024. EMR gained -36.43 points, or -43.84%, in 252 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 112.98 and resistance is at 125.28. 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 short-term trend.

Daily Technical Indicators: [See EMR daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since June 26, 2024. This is an indication that the short-term trend is up.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.16
Williams' Percentage Range (W%R) 15.70
Overbought
Lane's Stochastic (%D-Slow) 82.75
Overbought
Greed/Fear Indicator (GFI) 77.74
Moving Average Converg./Diverg. (MACD) 1.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.93
Williams' Percentage Range (W%R) 13.90
Overbought
Lane's Stochastic (%D-Slow) 50.79
Greed/Fear Indicator (GFI) 63.70
Moving Average Converg./Diverg. (MACD) 3.53
Trading Signals
Description Value Chart
Weekly Trendline Resistance 125.28
Upper Bollinger Band 120.41
Daily Stochastic Crossing 117.49
Price 115.68
Weekly Stochastic Crossing 113.42
Parabolic System 113.42
Weekly Trendline Support 112.98
20 Day Moving Average 111.63
50 Day Moving Average 111.25
Lower Bollinger Band 105.23
Quarterly Trendline Resistance 101.85
Yearly Trendline Support 93.07
Sector and Industry
Description Name Rank
Sector Industrials 6
Industry Electrical Components & Equipment 51
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 103.90
Low Date 05/08/2024
High 119.53
High Date 07/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 125.28
Support 112.98
Low 83.10
Low Date 11/07/2023
High 119.53
High Date 07/16/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.94
Low Date 05/31/2023
High 119.53
High Date 07/16/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 101.85
Support 88.82
Low 72.41
Low Date 09/27/2022
High 119.53
High Date 07/16/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 92.47
Support 93.07
Low 37.75
Low Date 03/23/2020
High 119.53
High Date 07/16/2024
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.