EMERSON ELECTRIC CO. - Daily - Technical analysis published on 03/20/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 100.44 USD
My targets
117.92 USD (+5.99%)
128.27 USD (+15.29%)
My analysis
EMERSON ELECTRIC CO. 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 100.44 USD. The next resistance located at 117.92 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 128.27 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, 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
0
10
8
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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 EMERSON ELECTRIC CO. price is 111.26 USD. The price registered a decrease of -0.03% on the session with the lowest point at 110.23 USD and the highest point at 111.74 USD. The deviation from the price is +0.93% for the low point and -0.43% for the high point.110.23
111.74
111.26
Here is a more detailed summary of the historical variations registered by EMERSON ELECTRIC CO.:
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
A technical analysis in Daily of this EMERSON ELECTRIC CO. 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 moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
ProTrendLines | 96.01 | 100.44 | 110.60 | 111.26 |
Change (%) | -13.71% | -9.72% | -0.59% | - |
Change | -15.25 | -10.82 | -0.66 | - |
Level | Major | Intermediate | Intermediate | - |
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 | 108.87 | 109.53 | 110.41 | 111.07 | 111.95 | 112.61 | 113.49 |
Camarilla | 110.87 | 111.01 | 111.15 | 111.29 | 111.43 | 111.57 | 111.71 |
Woodie | 108.98 | 109.59 | 110.52 | 111.13 | 112.06 | 112.67 | 113.60 |
Fibonacci | 109.53 | 110.12 | 110.48 | 111.07 | 111.66 | 112.02 | 112.61 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 106.35 | 107.42 | 109.00 | 110.07 | 111.65 | 112.72 | 114.30 |
Camarilla | 109.86 | 110.10 | 110.35 | 110.59 | 110.83 | 111.08 | 111.32 |
Woodie | 106.62 | 107.55 | 109.27 | 110.20 | 111.92 | 112.85 | 114.57 |
Fibonacci | 107.42 | 108.43 | 109.05 | 110.07 | 111.08 | 111.70 | 112.72 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 80.63 | 86.16 | 96.51 | 102.04 | 112.39 | 117.92 | 128.27 |
Camarilla | 102.48 | 103.94 | 105.39 | 106.85 | 108.31 | 109.76 | 111.22 |
Woodie | 83.03 | 87.37 | 98.91 | 103.25 | 114.79 | 119.13 | 130.67 |
Fibonacci | 86.16 | 92.23 | 95.98 | 102.04 | 108.11 | 111.86 | 117.92 |
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): | 75.64 | |
MACD (12,26,9): | 2.5700 | |
Directional Movement: | 18.20 | |
AROON (14): | 85.71 | |
DEMA (21): | 112.26 | |
Parabolic SAR (0,02-0,02-0,2): | 110.09 | |
Elder Ray (13): | 1.17 | |
Super Trend (3,10): | 106.97 | |
Zig ZAG (10): | 111.56 | |
VORTEX (21): | 1.1200 | |
Stochastique (14,3,5): | 87.18 | |
TEMA (21): | 112.26 | |
Williams %R (14): | -10.58 | |
Chande Momentum Oscillator (20): | 2.13 | |
Repulse (5,40,3): | 1.4100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.4000 | |
Courbe Coppock: | 7.83 |
MA7: | 110.79 | |
MA20: | 108.92 | |
MA50: | 102.00 | |
MA100: | 96.21 | |
MAexp7: | 110.68 | |
MAexp20: | 108.66 | |
MAexp50: | 103.77 | |
MAexp100: | 99.28 | |
Price / MA7: | +0.42% | |
Price / MA20: | +2.15% | |
Price / MA50: | +9.08% | |
Price / MA100: | +15.64% | |
Price / MAexp7: | +0.52% | |
Price / MAexp20: | +2.39% | |
Price / MAexp50: | +7.22% | |
Price / MAexp100: | +12.07% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on EMERSON ELECTRIC CO. at the time of the analysis were as follows:
- Turnspire Capital Partners Completes Acquisition of the Daniel Measurement and Control Business of Emerson Electric
- Turnspire Capital Partners Agrees to Acquire the Daniel Measurement and Control Business of Emerson Electric
- Research Report Identifies Stryker, Total System Services, Vista Outdoor, Plains All American Pipeline, Emerson Electric, and IZEA with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
- Research Report Identifies Avangrid, Entercom Communications, Kennedy-Wilson, Emerson Electric, Amgen, and vTv Therapeutics with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
- Emerson Electric CEO: Tariff Knockback | Mad Money | CNBC
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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