The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 38.2% retracement level
Number of records: 10
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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.

Emerson Electric (EMR)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversoldBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the Emerson Electric (EMR). During the week, the EMR dropped -2.98 points, or -3.61%, and closed at 79.51 on Friday, May 26, 2023. Weekly volume was -19% below 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 105.99 on September 3, 2021. EMR gained -68.24 points, or -180.77%, in 75 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (81.54) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EMR may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend.

Medium-term trend: [See EMR medium-term trend chart]
A medium-term downtrend had started on January 9, 2023 at 99.65 and reached 78.05 on May 25, 2023. EMR lost 21.60 points, or 21.68%, in 19 weeks. The price is now at the 6.76% retracement level.

Weekly Technical Indicators: [See EMR weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 February 3, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See EMR short-term trend chart]
A short-term downtrend had started on April 3, 2023 at 88.50 and reached 78.05 on May 25, 2023. EMR lost 10.45 points, or 11.81%, in 52 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 77.67 and resistance is at 85.98. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See EMR daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since April 25, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.29
Williams' Percentage Range (W%R) 86.30
Oversold
Lane's Stochastic (%D-Slow) 14.67
Oversold
Greed/Fear Indicator (GFI) 19.23
Oversold
Moving Average Converg./Diverg. (MACD) -0.82
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.19
Williams' Percentage Range (W%R) 94.30
Strong Oversold
Lane's Stochastic (%D-Slow) 35.56
Greed/Fear Indicator (GFI) 29.14
Moving Average Converg./Diverg. (MACD) -1.17
Trading Signals
Description Value Chart
Weekly Trendline Resistance 85.98
Upper Bollinger Band 84.92
Parabolic System 83.58
50 Day Moving Average 83.53
20 Day Moving Average 82.13
Yearly Trendline Support 81.54
Weekly Stochastic Crossing 81.40
Price 79.51
Lower Bollinger Band 78.90
Daily Stochastic Crossing 78.77
Weekly Trendline Support 77.67
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Electrical Components & Equipment 84
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 87.00
High Date 05/03/2023
Low 78.05
Low Date 05/25/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 85.98
Support 77.67
High 88.50
High Date 04/03/2023
Low 78.05
Low Date 05/25/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 99.65
High Date 01/09/2023
Low 78.05
Low Date 05/25/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 105.99
High Date 09/03/2021
Low 72.41
Low Date 09/27/2022
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 97.85
Support 81.54
Low 37.75
Low Date 03/23/2020
High 105.99
High Date 09/03/2021
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.

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