EATON CORP. - Daily - Technical analysis published on 12/23/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 347.51 USD
My targets
330.55 USD (-2.22%)
300.94 USD (-10.98%)
My analysis
The strong short-term decline of EATON CORP. reinforces the current slightly bearish trend. As long as the price remains below 347.51 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 330.55 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 300.94 USD as an objective. Crossing it would then enable sellers to target 284.17 USD. A return to above 347.51 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
4.5
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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 338.05 USD. On the day, this instrument lost -0.02% with the lowest point at 334.20 USD and the highest point at 338.32 USD. The deviation from the price is +1.15% for the low point and -0.08% for the high point.334.20
338.32
338.05
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of EATON CORP. indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 284.17 | 300.94 | 330.55 | 338.05 | 338.79 | 347.51 | 357.83 |
| Change (%) | -15.94% | -10.98% | -2.22% | - | +0.22% | +2.80% | +5.85% |
| Change | -53.88 | -37.11 | -7.50 | - | +0.74 | +9.46 | +19.78 |
| Level | Minor | Minor | Major | - | Major | 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 | 322.93 | 327.53 | 332.82 | 337.42 | 342.71 | 347.31 | 352.60 |
| Camarilla | 335.40 | 336.31 | 337.21 | 338.12 | 339.03 | 339.93 | 340.84 |
| Woodie | 323.29 | 327.70 | 333.18 | 337.59 | 343.07 | 347.48 | 352.96 |
| Fibonacci | 327.53 | 331.31 | 333.64 | 337.42 | 341.20 | 343.53 | 347.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 302.28 | 317.20 | 327.66 | 342.58 | 353.04 | 367.96 | 378.42 |
| Camarilla | 331.14 | 333.47 | 335.79 | 338.12 | 340.45 | 342.77 | 345.10 |
| Woodie | 300.05 | 316.09 | 325.43 | 341.47 | 350.81 | 366.85 | 376.19 |
| Fibonacci | 317.20 | 326.90 | 332.89 | 342.58 | 352.28 | 358.27 | 367.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 291.45 | 310.09 | 342.71 | 361.35 | 393.97 | 412.61 | 445.23 |
| Camarilla | 361.23 | 365.93 | 370.63 | 375.33 | 380.03 | 384.73 | 389.43 |
| Woodie | 298.44 | 313.59 | 349.70 | 364.85 | 400.96 | 416.11 | 452.22 |
| Fibonacci | 310.09 | 329.67 | 341.77 | 361.35 | 380.93 | 393.03 | 412.61 |
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): | 33.35 | |
| MACD (12,26,9): | -5.6000 | |
| Directional Movement: | -25.15 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 348.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 355.51 | |
| Elder Ray (13): | -13.79 | |
| Super Trend (3,10): | 359.23 | |
| Zig ZAG (10): | 337.72 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 9.32 | |
| TEMA (21): | 339.07 | |
| Williams %R (14): | -88.03 | |
| Chande Momentum Oscillator (20): | -33.22 | |
| Repulse (5,40,3): | -1.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 16.12 |
| MA7: | 343.54 | |
| MA20: | 360.72 | |
| MA50: | 355.29 | |
| MA100: | 330.81 | |
| MAexp7: | 343.35 | |
| MAexp20: | 353.58 | |
| MAexp50: | 351.09 | |
| MAexp100: | 338.89 | |
| Price / MA7: | -1.60% | |
| Price / MA20: | -6.28% | |
| Price / MA50: | -4.85% | |
| Price / MA100: | +2.19% | |
| Price / MAexp7: | -1.54% | |
| Price / MAexp20: | -4.39% | |
| Price / MAexp50: | -3.71% | |
| Price / MAexp100: | -0.25% |
Quotes :
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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 at CES 2025
- Eaton names Lucy Clark Dougherty general counsel; Taras “Terry” Szmagala Jr. to retire
- Accelerate the Journey to Sustainable Healthcare
- Simplify NFPA 70B Compliance With Eaton
- Eaton names Pete Denk president and chief operating officer, Industrial Sector, and Antonio Galvao, president, Mobility
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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