EATON CORP. - 1H - Technical analysis published on 02/01/2024 (GMT)
- 180
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : WITHOUT TARGET
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 251.14 USD
My targets
-
My analysis
The bullish trend is currently very strong on EATON CORP.. As long as the price remains above the support at 251.14 USD, you could try to benefit from the boom. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EATON CORP. rating is 261.00 USD. The price has increased by +6.06% since the last closing with the lowest point at 255.46 USD and the highest point at 261.68 USD. The deviation from the price is +2.17% for the low point and -0.26% for the high point.255.46
261.68
261.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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. 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 is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 244.31 | 246.95 | 251.14 | 261.00 |
| Change (%) | -6.39% | -5.38% | -3.78% | - |
| Change | -16.69 | -14.05 | -9.86 | - |
| Level | Intermediate | Intermediate | Minor | - |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 239.28 | 242.47 | 244.27 | 247.46 | 249.26 | 252.45 | 254.25 |
| Camarilla | 244.71 | 245.17 | 245.62 | 246.08 | 246.54 | 247.00 | 247.45 |
| Woodie | 238.60 | 242.12 | 243.59 | 247.11 | 248.58 | 252.10 | 253.57 |
| Fibonacci | 242.47 | 244.37 | 245.55 | 247.46 | 249.36 | 250.54 | 252.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 232.48 | 235.82 | 240.86 | 244.20 | 249.24 | 252.58 | 257.62 |
| Camarilla | 243.59 | 244.35 | 245.12 | 245.89 | 246.66 | 247.43 | 248.20 |
| Woodie | 233.32 | 236.25 | 241.70 | 244.63 | 250.08 | 253.01 | 258.46 |
| Fibonacci | 235.82 | 239.02 | 241.00 | 244.20 | 247.40 | 249.38 | 252.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 215.60 | 223.72 | 234.90 | 243.02 | 254.20 | 262.32 | 273.50 |
| Camarilla | 240.77 | 242.54 | 244.31 | 246.08 | 247.85 | 249.62 | 251.39 |
| Woodie | 217.13 | 224.49 | 236.43 | 243.79 | 255.73 | 263.09 | 275.03 |
| Fibonacci | 223.72 | 231.09 | 235.65 | 243.02 | 250.39 | 254.95 | 262.32 |
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): | 77.42 | |
| MACD (12,26,9): | 1.3600 | |
| Directional Movement: | 30.77 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 250.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 245.66 | |
| Elder Ray (13): | 8.28 | |
| Super Trend (3,10): | 249.27 | |
| Zig ZAG (10): | 259.99 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 43.60 | |
| TEMA (21): | 251.38 | |
| Williams %R (14): | -2.37 | |
| Chande Momentum Oscillator (20): | 11.05 | |
| Repulse (5,40,3): | 2.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.87 |
| MA7: | 248.50 | |
| MA20: | 243.09 | |
| MA50: | 237.09 | |
| MA100: | 224.77 | |
| MAexp7: | 251.07 | |
| MAexp20: | 248.84 | |
| MAexp50: | 246.67 | |
| MAexp100: | 244.29 | |
| Price / MA7: | +5.03% | |
| Price / MA20: | +7.37% | |
| Price / MA50: | +10.08% | |
| Price / MA100: | +16.12% | |
| Price / MAexp7: | +3.96% | |
| Price / MAexp20: | +4.89% | |
| Price / MAexp50: | +5.81% | |
| Price / MAexp100: | +6.84% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on EATON CORP. at the time of the generation of this analysis was as follows:
- Eaton Receives Dual Honors for Its Commitment to Inclusion and Diversity
- Eaton Awarded Contract To Help Miami-Dade County Improve Sustainability, Resilience and Safety of Critical Wastewater Treatment Facility
- Eaton Advances the Energy Transition and Boosts Education Partnerships With New Montreal Innovation Center
- Electrification: Powering Next-Generation Transportation and Much More
- Eaton’s Focus on “Unleashing the Power of Diverse Perspectives” Highlighted in New Report
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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