EATON CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ETN
ISIN:	IE00B8KQN827

EATON CORP. - 1H - Technical analysis published on 10/12/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 217.30 USD

My targets

221.09 USD (+0.88%)

229.57 USD (+4.75%)

My analysis

EATON CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 217.30 USD. The next resistance located at 221.09 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 229.57 USD. After this resistance, buyers could then target 233.98 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EATON CORP. rating 219.17 USD. The price has increased by +1.53% since the last closing and was between 215.35 USD and 219.53 USD. This implies that the price is at +1.77% from its lowest and at -0.16% from its highest.

215.35

219.53

219.17

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EATON CORP. in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	206.55	210.53	217.30	219.17	221.09	229.57	233.98
Change (%)	-5.76%	-3.94%	-0.85%	-	+0.88%	+4.75%	+6.76%
Change	-12.62	-8.64	-1.87	-	+1.92	+10.40	+14.81
Level	Minor	Major	Intermediate	-	Minor	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	211.54	212.46	214.16	215.08	216.78	217.70	219.40
Camarilla	215.15	215.39	215.63	215.87	216.11	216.35	216.59
Woodie	211.94	212.66	214.56	215.28	217.18	217.90	219.80
Fibonacci	212.46	213.46	214.08	215.08	216.08	216.70	217.70

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	192.05	197.44	203.82	209.21	215.59	220.98	227.36
Camarilla	206.95	208.03	209.11	210.19	211.27	212.35	213.43
Woodie	192.54	197.69	204.31	209.46	216.08	221.23	227.85
Fibonacci	197.44	201.94	204.72	209.21	213.71	216.49	220.98

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	169.97	189.49	201.39	220.91	232.81	252.33	264.23
Camarilla	204.64	207.52	210.40	213.28	216.16	219.04	221.92
Woodie	166.15	187.59	197.57	219.01	228.99	250.43	260.41
Fibonacci	189.49	201.50	208.91	220.91	232.92	240.33	252.33

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	73.90
MACD (12,26,9):	1.8600
Directional Movement:	22.91
AROON (14):	71.43
DEMA (21):	216.99
Parabolic SAR (0,02-0,02-0,2):	213.60
Elder Ray (13):	3.13
Super Trend (3,10):	213.93
Zig ZAG (10):	219.23
VORTEX (21):	1.2500
Stochastique (14,3,5):	83.86
TEMA (21):	217.95
Williams %R (14):	-3.68
Chande Momentum Oscillator (20):	5.10
Repulse (5,40,3):	1.4600
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	2.19

MA7:	212.02
MA20:	213.24
MA50:	219.26
MA100:	207.05
MAexp7:	216.72
MAexp20:	214.67
MAexp50:	212.72
MAexp100:	213.30
Price / MA7:	+3.37%
Price / MA20:	+2.78%
Price / MA50:	-0.04%
Price / MA100:	+5.85%
Price / MAexp7:	+1.13%
Price / MAexp20:	+2.10%
Price / MAexp50:	+3.03%
Price / MAexp100:	+2.75%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on EATON CORP.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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