Eaton is up a bit on the day, funds flowing in kept the price up 2.58% since yesterday. It looks like ETN may be interacting with an upward sloping support line. These can create nice entry points since it can have both momentum and support. In addition to being near an angled support line ETN is near a weak support line. We'll see if it bounces off or heads lower. Eaton hasn't been that impressive in terms of its 3 month momentum, we'll see if it can turn things around and start heading up or continue its slide down.
If the price bounces off of the support and moves up it'll probably head up to the $297.46 level, at which point it may hit some selling pressure. If it punches through this support level, it can easily push down to $241.29 where it may meet further support, hopefully it can consolidate around that point.
The analysts are pretty neutral on Eaton right now, so not much useful information here. The current Analysts Sentiment Score is 4.24. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. Royal Bank of Canada announced an upgrade on 2024-04-05 from Sector Perform to Outperform and moved up their price target to $371.00 which is a 29.72% increase. Barclays upgraded from Underweight to Equal Weight on 2024-04-02 and also increased their price target by 20% to $300.00. Mizuho gave a boost to their price target and moved to $340.00 from $300.00 on 2024-03-20. Bank of America gave a boost to their price target and moved to $330.00 from $320.00 on 2024-03-18. On 2024-03-15 The Goldman Sachs Group increased their price target by 14.29% to $328.00. Berenberg Bank boosted their price targ by 72.5% to $345.00 on 2024-03-06. Evercore ISI provided a price target boost of 17.56% to $308.00 from $262.00 on 2024-02-20. On 2024-02-02 UBS Group increased their price target by 19.61% to $305.00. On 2024-02-02 Citigroup increased their price target by 14.81% to $310.00. Wells Fargo & Company boosted their price targ by 16.82% to $257.00 on 2023-12-19.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| ETN | 4.24 | 3.69 | -0.45 | 5.24 | 0 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| ETN | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| ETN | 1.33 | %1 | 1.8 | -6.732 | 3960000 |
| Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industrial Products | 75 | 1.47 | -0.74 | -1.69 | -4.41 | -4.73 | 3.16 | 44.24 | -10.72 | -3.40 | 0.26 | -12569.42 | -6156.26 | 9.33 | 1.33 | 3.49 | 0.60 |
| Industrials | 277 | 1.72 | -0.10 | -0.35 | -6.08 | -6.12 | 0.27 | 47.58 | -9.88 | -8.47 | -7.50 | -14645.29 | -9313.17 | 13.27 | 1.62 | 3.62 | 0.58 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| ETN |
| Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DOV | Dover Corporation | 1.71 | 1.45 | -0.07 | -3.76 | -4.79 | -5.98 | 3.04 | 38 | -2.41 | -2.17 | -0.15 | -8280.89 | 539.96 | 0 | 0 | 1.82941 |
| JCI | Johnson Controls Internat | 1.53 | 1.79 | 0.84 | 2.21 | 4.53 | 7.88 | 26.50 | 43 | 8.90 | 16.10 | 35.24 | -3096.91 | -15675.72 | 0 | 0 | 1.65854 |
| APH | Amphenol Corporation | 1.48 | 2.77 | -0.40 | 9.96 | -4.54 | 6.73 | 20.11 | 58 | -2.76 | -4.10 | -2.32 | -3678.34 | -1844.02 | 125 | 0 | 1.73653 |
| HUBB | Hubbell Incorporated | 1.41 | 2.63 | -0.11 | -1.35 | -22.46 | -20.05 | -17.79 | 46 | -31.52 | -16.06 | -17.36 | -19196.17 | 176.15 | 0 | 0 | 1.22049 |
| XYL | Xylem Inc | 1.39 | -0.69 | -2.43 | -7.68 | 1.89 | -11.41 | -7.08 | 50 | -4.78 | -10.87 | -10.75 | -6779.78 | -9355.91 | 0 | 0 | 2.67847 |
| ROK | Rockwell Automation, Inc. | 1.39 | 0.82 | -2.69 | -4.03 | -7.32 | -1.66 | -6.91 | 55 | -2.08 | -1.64 | 0.98 | -14370.74 | -185.43 | 0 | 0 | 2.97262 |
| PH | Parker-Hannifin Corporati | 1.38 | 3.14 | 0.43 | -0.31 | -1.88 | -0.18 | 14.89 | 46 | 3.00 | 3.02 | 11.61 | -5048.14 | -15728.57 | 125 | 0 | 1.32822 |
| IEX | IDEX Corporation | 1.36 | 1.19 | -0.34 | -2.23 | -12.43 | -13.75 | -23.49 | 43 | -22.97 | -13.33 | -22.85 | -23148.30 | -456.18 | 0 | 0 | 3.17679 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
