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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- 5/17/2024 -
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Emerson Electric (EMR) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :
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It was the negative week for the Emerson Electric (EMR). During the week, the EMR dropped -2.67 points, or -2.31%, and closed at 112.88 on Friday, May 17, 2024. Weekly volume was -36% below 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 116.75 on May 10, 2024. EMR gained -79.00 points, or -209.27%, in 215 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (90.95) 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 EMR medium-term trend chart]
A medium-term uptrend had started on September 27, 2022 at 72.41 and reached 116.75 on May 10, 2024. EMR gained -44.34 points, or -61.23%, in 84 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (87.25) 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 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. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 22, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 116.75 on May 10, 2024. EMR gained -33.65 points, or -40.49%, in 185 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 104.78 and resistance is at 122.13. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

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

The daily MACD line is above its signal line since May 7, 2024. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.23
Williams' Percentage Range (W%R) 26.20
Lane's Stochastic (%D-Slow) 78.12
Greed/Fear Indicator (GFI) 70.37
Moving Average Converg./Diverg. (MACD) 0.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.19
Bearish
Williams' Percentage Range (W%R) 13.40
Overbought
Lane's Stochastic (%D-Slow) 52.95
Bearish
Greed/Fear Indicator (GFI) 66.22
Moving Average Converg./Diverg. (MACD) 4.64 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 122.13
Upper Bollinger Band 118.18
Daily Stochastic Crossing 113.72
Price 112.88
50 Day Moving Average 111.43
20 Day Moving Average 110.58
Weekly Stochastic Crossing 110.54
Parabolic System 109.63
Lower Bollinger Band 105.23
Weekly Trendline Support 104.78
Quarterly Trendline Resistance 101.61
Yearly Trendline Resistance 93.25
Yearly Trendline Support 90.95
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Electrical Components & Equipment 64
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 103.90
Low Date 05/08/2024
High 116.75
High Date 05/10/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 122.13
Support 104.78
Low 83.10
Low Date 11/07/2023
High 116.75
High Date 05/10/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.94
Low Date 05/31/2023
High 116.75
High Date 05/10/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 101.61
Support 87.25
Low 72.41
Low Date 09/27/2022
High 116.75
High Date 05/10/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 93.25
Support 90.95
Low 37.75
Low Date 03/23/2020
High 116.75
High Date 05/10/2024
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.