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 05/03/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

11%

78%

11%

My opinion

Bearish under 108.58 USD

My targets

100.44 USD (-5.59%)

96.01 USD (-9.76%)

My analysis

The strong short-term decline in EMERSON ELECTRIC CO. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 108.58 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 100.44 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 96.01 USD as an objective. Crossing it would then enable sellers to target 91.16 USD. Be careful, a return to above 108.58 USD could jeopardize the reversal.

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

2.9

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.

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Additional analysis

Quotes

The EMERSON ELECTRIC CO. rating is 106.39 USD. The price is lower by -0.02% since the last closing and was between 105.95 USD and 107.38 USD. This implies that the price is at +0.42% from its lowest and at -0.92% from its highest.

105.95

107.38

106.39

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this EMERSON ELECTRIC CO. chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 2

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	91.16	96.01	100.44	106.39	108.58	111.73	114.67
Change (%)	-14.32%	-9.76%	-5.59%	-	+2.06%	+5.02%	+7.78%
Change	-15.23	-10.38	-5.95	-	+2.19	+5.34	+8.28
Level	Intermediate	Major	Intermediate	-	Intermediate	Minor	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	102.58	103.92	105.17	106.51	107.76	109.10	110.35
Camarilla	105.70	105.94	106.17	106.41	106.65	106.89	107.12
Woodie	102.53	103.90	105.12	106.49	107.71	109.08	110.30
Fibonacci	103.92	104.91	105.52	106.51	107.50	108.11	109.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	105.29	106.54	108.22	109.47	111.15	112.40	114.08
Camarilla	109.08	109.35	109.62	109.89	110.16	110.43	110.70
Woodie	105.50	106.65	108.43	109.58	111.36	112.51	114.29
Fibonacci	106.54	107.66	108.35	109.47	110.59	111.28	112.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	97.49	102.54	105.16	110.21	112.83	117.88	120.50
Camarilla	105.67	106.37	107.08	107.78	108.48	109.19	109.89
Woodie	96.28	101.93	103.95	109.60	111.62	117.27	119.29
Fibonacci	102.54	105.47	107.28	110.21	113.14	114.95	117.88

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):	29.14
MACD (12,26,9):	-1.0500
Directional Movement:	-16.18
AROON (14):	-92.86
DEMA (21):	108.35
Parabolic SAR (0,02-0,02-0,2):	110.26
Elder Ray (13):	-2.02
Super Trend (3,10):	112.36
Zig ZAG (10):	106.54
VORTEX (21):	0.8200
Stochastique (14,3,5):	11.02
TEMA (21):	106.51
Williams %R (14):	-82.44
Chande Momentum Oscillator (20):	-3.30
Repulse (5,40,3):	-2.5200
ROCnROLL:	2
TRIX (15,9):	-0.0700
Courbe Coppock:	8.26

MA7:	108.04
MA20:	110.22
MA50:	110.43
MA100:	103.49
MAexp7:	107.64
MAexp20:	109.36
MAexp50:	108.53
MAexp100:	104.57
Price / MA7:	-1.53%
Price / MA20:	-3.47%
Price / MA50:	-3.66%
Price / MA100:	+2.80%
Price / MAexp7:	-1.16%
Price / MAexp20:	-2.72%
Price / MAexp50:	-1.97%
Price / MAexp100:	+1.74%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on EMERSON ELECTRIC CO. 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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