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Downtrend Broken Resist.Archive
- 4/25/2025 -
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Eaton Corp. (ETN) Technical Analysis
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| Summary:
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| | It was a first positive week for the Eaton Corp. (ETN). During the week, the ETN gained 20.50 points, or 7.64%, and closed at 288.82 on Friday, April 25, 2025. ETN was trading at average weekly trading volume.
 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 (88.88) 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 downtrend had started on November 26, 2024 at 380.00 and reached 231.90 on April 7, 2025. ETN lost 148.10 points, or 38.97%, in 18 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See ETN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 20, 2024. This is an indication that the medium-term trend is down. 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 April 7, 2025 at 231.90 and reached 290.88 on April 25, 2025. ETN gained -58.98 points, or -25.43%, in 18 days. Price is near the trend high.
 Daily Technical Indicators: [See ETN daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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 daily MACD line is above its signal line since April 10, 2025. This is an indication that the short-term trend is up.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.
 Candlestick pattern: [See ETN candlestick chart pattern]
On Friday the chart has formed a Bullish Three Inside Up Candlestick pattern. The Bullish Three Inside Up pattern is another name for the Confirmed Bullish Harami pattern; it occurs in a downtrend , and it is an early signal that a bullish reversal is in play. The reliability of the Bullish Three Inside Up pattern is very high. Use the Technical Stock Screener to see the list of stocks that had a Bullish Three Inside Up Candlestick pattern during the last week.
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