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 08/29/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 290.85 USD

My targets

312.41 USD (+3.81%)

324.24 USD (+7.74%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EATON CORP. as long as the price remains well above 290.85 USD. The buyers' bullish objective is set at 312.41 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 324.24 USD. If there is any crossing, the next objective would be the resistance located at 339.75 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.8

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

The EATON CORP. rating is 300.95 USD. The price registered an increase of +2.50% on the session and was between 295.14 USD and 301.31 USD. This implies that the price is at +1.97% from its lowest and at -0.12% from its highest.

295.14

301.31

300.95

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of EATON CORP. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	255.65	272.52	290.85	300.95	301.78	312.41	324.24
Change (%)	-15.05%	-9.45%	-3.36%	-	+0.28%	+3.81%	+7.74%
Change	-45.30	-28.43	-10.10	-	+0.83	+11.46	+23.29
Level	Minor	Major	Major	-	Intermediate	Major	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	286.13	289.18	291.39	294.44	296.65	299.70	301.91
Camarilla	292.15	292.64	293.12	293.60	294.08	294.56	295.05
Woodie	285.71	288.97	290.97	294.23	296.23	299.49	301.49
Fibonacci	289.18	291.19	292.43	294.44	296.45	297.69	299.70

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	284.12	288.65	294.33	298.86	304.54	309.07	314.75
Camarilla	297.19	298.13	299.06	300.00	300.94	301.87	302.81
Woodie	284.69	288.94	294.90	299.15	305.11	309.36	315.32
Fibonacci	288.65	292.55	294.96	298.86	302.76	305.17	309.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	231.38	257.95	280.86	307.43	330.34	356.91	379.82
Camarilla	290.16	294.70	299.23	303.77	308.31	312.84	317.38
Woodie	229.55	257.04	279.03	306.52	328.51	356.00	377.99
Fibonacci	257.95	276.85	288.53	307.43	326.33	338.01	356.91

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):	59.05
MACD (12,26,9):	-0.4300
Directional Movement:	9.52
AROON (14):	21.43
DEMA (21):	295.83
Parabolic SAR (0,02-0,02-0,2):	292.38
Elder Ray (13):	2.68
Super Trend (3,10):	291.65
Zig ZAG (10):	300.09
VORTEX (21):	0.9800
Stochastique (14,3,5):	62.54
TEMA (21):	295.83
Williams %R (14):	-3.45
Chande Momentum Oscillator (20):	4.29
Repulse (5,40,3):	1.4900
ROCnROLL:	1
TRIX (15,9):	-0.0400
Courbe Coppock:	0.67

MA7:	297.80
MA20:	292.23
MA50:	304.80
MA100:	313.54
MAexp7:	296.64
MAexp20:	296.48
MAexp50:	296.80
MAexp100:	296.55
Price / MA7:	+1.06%
Price / MA20:	+2.98%
Price / MA50:	-1.26%
Price / MA100:	-4.02%
Price / MAexp7:	+1.45%
Price / MAexp20:	+1.51%
Price / MAexp50:	+1.40%
Price / MAexp100:	+1.48%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on EATON CORP. at the time of the generation of this analysis was as follows:

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

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Londinia AI

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