The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 4/10/2026 -
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Eaton Corp. (ETN) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtTrend resistance at 412.12
Daily :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger BandPrice has crossed above the 50 Day Moving Average
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It was a fifth consecutive positive week for the Eaton Corp. (ETN). During the week, the ETN gained 41.90 points, or 11.60%, and closed at 403.00 on Friday, April 10, 2026. Weekly volume was -22% below average.

Long-term trend: [See ETN long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 15.01 and reached 408.45 on February 12, 2026. ETN gained -393.44 points, or -2621.19%, in 883 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (93.32) 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 July 14, 2022 at 122.50 and reached 408.45 on February 12, 2026. ETN gained -285.95 points, or -233.43%, in 187 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (412.12). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ETN weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly 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 weekly MACD line is above its signal line since February 6, 2026. 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 ETN short-term trend chart]
A short-term uptrend had started on March 9, 2026 at 338.25 and reached 407.01 on April 10, 2026. ETN gained -68.76 points, or -20.33%, in 32 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (340.68) 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 short-term trend.

Daily Technical Indicators: [See ETN daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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. Such crossover is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.48
Williams' Percentage Range (W%R) 4.30
Strong Overbought
Lane's Stochastic (%D-Slow) 81.69
Overbought
Greed/Fear Indicator (GFI) 82.29
Overbought
Moving Average Converg./Diverg. (MACD) 2.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.46
Williams' Percentage Range (W%R) 4.40
Strong Overbought
Lane's Stochastic (%D-Slow) 45.69
Greed/Fear Indicator (GFI) 66.94
Moving Average Converg./Diverg. (MACD) 3.28
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 412.12
Price 403.00
Daily Stochastic Crossing 399.63
Upper Bollinger Band 399.31
Weekly Trendline Resistance 390.68
Weekly Stochastic Crossing 371.21
Monthly Trendline Resistance 369.44
50 Day Moving Average 367.50
20 Day Moving Average 366.54
Parabolic System 360.14
Monthly Trendline Support 344.00
Lower Bollinger Band 341.54
Weekly Trendline Support 340.68
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Electrical Components & Equipment 79
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 342.00
Low Date 03/30/2026
High 407.01
High Date 04/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 390.68
Support 340.68
Low 338.25
Low Date 03/09/2026
High 407.01
High Date 04/10/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 369.44
Support 344.00
High 408.45
High Date 02/12/2026
Low 338.25
Low Date 03/09/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Resistance
Resistance 412.12
Support 272.31
Low 122.50
Low Date 07/14/2022
High 408.45
High Date 02/12/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 131.94
Support 93.32
Low 15.01
Low Date 03/06/2009
High 408.45
High Date 02/12/2026
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.