EATON CORP. - 1H - Technical analysis published on 11/07/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 212.59 USD
My targets
219.56 USD (+1.50%)
228.66 USD (+5.71%)
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 212.59 USD. The next resistance located at 219.56 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 228.66 USD. After this resistance, buyers could then target 237.09 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.3
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Additional analysis
Quotes
The EATON CORP. price is 216.31 USD. On the day, this instrument lost -0.06% and was between 214.03 USD and 218.22 USD. This implies that the price is at +1.07% from its lowest and at -0.88% from its highest.214.03
218.22
216.31
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EATON CORP. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 202.11 | 206.29 | 212.59 | 216.31 | 216.66 | 219.56 | 228.66 |
| Change (%) | -6.56% | -4.63% | -1.72% | - | +0.16% | +1.50% | +5.71% |
| Change | -14.20 | -10.02 | -3.72 | - | +0.35 | +3.25 | +12.35 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 208.80 | 210.40 | 213.41 | 215.01 | 218.02 | 219.62 | 222.63 |
| Camarilla | 215.16 | 215.59 | 216.01 | 216.43 | 216.85 | 217.28 | 217.70 |
| Woodie | 209.52 | 210.75 | 214.13 | 215.36 | 218.74 | 219.97 | 223.35 |
| Fibonacci | 210.40 | 212.16 | 213.25 | 215.01 | 216.77 | 217.86 | 219.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 176.04 | 185.69 | 200.24 | 209.89 | 224.44 | 234.09 | 248.64 |
| Camarilla | 208.14 | 210.35 | 212.57 | 214.79 | 217.01 | 219.23 | 221.45 |
| Woodie | 178.49 | 186.92 | 202.69 | 211.12 | 226.89 | 235.32 | 251.09 |
| Fibonacci | 185.69 | 194.93 | 200.65 | 209.89 | 219.13 | 224.85 | 234.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 163.71 | 177.39 | 192.23 | 205.91 | 220.75 | 234.43 | 249.27 |
| Camarilla | 199.24 | 201.85 | 204.47 | 207.08 | 209.69 | 212.31 | 214.92 |
| Woodie | 164.30 | 177.68 | 192.82 | 206.20 | 221.34 | 234.72 | 249.86 |
| Fibonacci | 177.39 | 188.28 | 195.01 | 205.91 | 216.80 | 223.53 | 234.43 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.34 | |
| MACD (12,26,9): | 1.4500 | |
| Directional Movement: | 7.66 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 217.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 217.97 | |
| Elder Ray (13): | 0.41 | |
| Super Trend (3,10): | 211.79 | |
| Zig ZAG (10): | 216.83 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 74.83 | |
| TEMA (21): | 216.78 | |
| Williams %R (14): | -22.79 | |
| Chande Momentum Oscillator (20): | 3.18 | |
| Repulse (5,40,3): | 0.4100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 0.53 |
| MA7: | 211.61 | |
| MA20: | 205.72 | |
| MA50: | 213.63 | |
| MA100: | 210.29 | |
| MAexp7: | 216.56 | |
| MAexp20: | 215.57 | |
| MAexp50: | 211.62 | |
| MAexp100: | 208.55 | |
| Price / MA7: | +2.22% | |
| Price / MA20: | +5.15% | |
| Price / MA50: | +1.25% | |
| Price / MA100: | +2.86% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | +2.22% | |
| Price / MAexp100: | +3.72% |
Quotes :
-
15 min delayed data
-
NYSE Stocks
News
The latest news and videos published on EATON CORP. at the time of the analysis were as follows:
- Eaton’s Focus on “Unleashing the Power of Diverse Perspectives” Highlighted in New Report
- Eaton's Sustainability Strategy Addresses ESG Issues While Meeting Today's Intelligent Power Needs
- Managing Energy Transition Through Partnership
- Eaton Wins $6M Contract To Supply and Build Electrical Infrastructure for New South Lake Water Treatment Plant in Georgetown, Texas
- Eaton Unveils Industry-First Approach To Simplify and Accelerate Fleet EV Charging, Reducing Installation Time by 40%
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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