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Archive
- 11/15/2024 -
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Eaton Corp. (ETN) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Eaton Corp. (ETN). During the week, the ETN dropped -8.20 points, or -2.24%, and closed at 358.50 on Friday, November 15, 2024. Weekly volume was -9% below average.
ETN 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 ETN long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 15.01 and reached 373.50 on November 12, 2024. ETN gained -358.49 points, or -2388.34%, in 818 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (86.89) 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 ETN medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 255.65 and reached 373.50 on November 12, 2024. ETN gained -117.85 points, or -46.10%, in 14 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 343.53 and resistance is at 377.16. 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 medium-term trend.
 Weekly Technical Indicators: [See ETN weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 and Williams' Percentage Range help.
The weekly MACD line is above its signal line since October 4, 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 ETN short-term trend chart]
A short-term uptrend had started on October 31, 2024 at 321.40 and reached 373.50 on November 12, 2024. ETN gained -52.10 points, or -16.21%, in 12 days. The price is now at the 28.79% retracement level.
 Daily Technical Indicators: [See ETN daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since November 6, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
10 |
| Industry |
Electrical Components & Equipment |
110 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
321.40 |
| Low Date |
10/31/2024 |
| High |
373.50 |
| High Date |
11/12/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
281.34 |
| Low Date |
09/06/2024 |
| High |
373.50 |
| High Date |
11/12/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
377.16 |
| Support |
343.53 |
| Low |
255.65 |
| Low Date |
08/05/2024 |
| High |
373.50 |
| High Date |
11/12/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
122.50 |
| Low Date |
07/14/2022 |
| High |
373.50 |
| High Date |
11/12/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
125.51 |
| Support |
86.89 |
| Low |
15.01 |
| Low Date |
03/06/2009 |
| High |
373.50 |
| High Date |
11/12/2024 |
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