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Archive
- 5/23/2025 -
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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 -8.01 points, or -2.43%, and closed at 321.06 on Friday, May 23, 2025. Weekly volume was -38% 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 380.00 on November 26, 2024. ETN gained -364.99 points, or -2431.65%, in 820 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (89.25) 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 long-term trend.
 Medium-term trend: [See ETN medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 231.90 and reached 333.98 on May 14, 2025. ETN gained -102.08 points, or -44.02%, in 5 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 316.97 and resistance is at 347.80. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See ETN weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 Lane's Stochastic help.
The weekly MACD line is above its signal line since May 9, 2025. 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 downtrend had started on May 14, 2025 at 333.98 and reached 312.91 on May 23, 2025. ETN lost 21.07 points, or 6.31%, in 9 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See ETN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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