EMERSON ELECTRIC CO.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	EMR
ISIN:

EMERSON ELECTRIC CO. - Daily - Technical analysis published on 02/07/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

17%

11%

My opinion

Bullish above 100.94 USD

My targets

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EMERSON ELECTRIC CO. as long as the price remains well above 100.94 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

7.9

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 EMERSON ELECTRIC CO. rating is 103.75 USD. The price has increased by +10.07% since the last closing and was between 100.30 USD and 104.95 USD. This implies that the price is at +3.44% from its lowest and at -1.14% from its highest.

100.30

104.95

103.75

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by EMERSON ELECTRIC CO.:

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

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of EMERSON ELECTRIC CO. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

Upside gap

Type : Bullish

Timeframe : Daily

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	94.56	96.49	100.94	103.75
Change (%)	-8.86%	-7.00%	-2.71%	-
Change	-9.19	-7.26	-2.81	-
Level	Intermediate	Major	Major	-

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	92.05	92.54	93.40	93.89	94.75	95.24	96.10
Camarilla	93.89	94.01	94.14	94.26	94.38	94.51	94.63
Woodie	92.24	92.63	93.59	93.98	94.94	95.33	96.29
Fibonacci	92.54	93.06	93.37	93.89	94.41	94.72	95.24

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	88.53	90.09	92.03	93.59	95.53	97.09	99.03
Camarilla	93.02	93.34	93.66	93.98	94.30	94.62	94.94
Woodie	88.73	90.19	92.23	93.69	95.73	97.19	99.23
Fibonacci	90.09	91.42	92.25	93.59	94.92	95.75	97.09

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	84.66	88.15	89.94	93.43	95.22	98.71	100.50
Camarilla	90.28	90.76	91.25	91.73	92.21	92.70	93.18
Woodie	83.81	87.73	89.09	93.01	94.37	98.29	99.65
Fibonacci	88.15	90.17	91.41	93.43	95.45	96.69	98.71

Numerical data

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

Technical indicators

Moving averages

RSI (14):	72.15
MACD (12,26,9):	0.7500
Directional Movement:	30.54
AROON (14):	35.71
DEMA (21):	96.11
Parabolic SAR (0,02-0,02-0,2):	91.64
Elder Ray (13):	7.00
Super Trend (3,10):	94.81
Zig ZAG (10):	104.05
VORTEX (21):	0.9400
Stochastique (14,3,5):	59.26
TEMA (21):	96.18
Williams %R (14):	-8.04
Chande Momentum Oscillator (20):	7.73
Repulse (5,40,3):	4.0800
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	2.84

MA7:	95.09
MA20:	94.87
MA50:	93.76
MA100:	92.86
MAexp7:	96.41
MAexp20:	95.24
MAexp50:	94.10
MAexp100:	93.04
Price / MA7:	+9.11%
Price / MA20:	+9.36%
Price / MA50:	+10.65%
Price / MA100:	+11.73%
Price / MAexp7:	+7.61%
Price / MAexp20:	+8.94%
Price / MAexp50:	+10.26%
Price / MAexp100:	+11.51%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on EMERSON ELECTRIC CO. at the time of the analysis were as follows:

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

About author

Londinia AI

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