Technical Analysis of Eaton Corporation plc (NYSE:ETN)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Eaton Corporation plc (NYSE:ETN) for the period of 9-Day stands at 98.35% while the stochastic %D for the same period stands at 98.65%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Eaton Corporation plc (NYSE:ETN) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for Eaton Corporation plc (NYSE:ETN) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indictor of a certain security, currently Eaton Corporation plc (NYSE:ETN)’s 20-Day Bollinger Band indicates “Buy”.

Previous Day Activity Analysis

On the last trading day, Eaton Corporation plc (NYSE:ETN) opened the session at $77 and after going up 1.29% closed at $77.9. The stock gained 0.9 points in the last trade.

Eaton Corporation plc (NYSE:ETN)’s stock fluctuated in the range of $76.53 and $78.04 during the previous active session. Eaton Corporation plc (NYSE:ETN) traded with the volume of 2.83 Million with average volume of 2.42 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 1.34 while ATR (Average True Range) and RSI (Relative Strength Index) are at 1.04 and 72.78 respectively.

Currently the Insider Ownership of the shares of Eaton Corporation plc (NYSE:ETN) is at 0.2% and the shares outstanding are 448.6 Million.

Important Ratio Analysis

Some important ratios to consider here for Eaton Corporation plc (NYSE:ETN) are discussed below:

Dividend yield of Eaton Corporation plc (NYSE:ETN) stands at 3.08% whereas Price to Earnings P/E ratio stands at 17.83 while Forward P/E shows the value of 15.28.

The PEG ratio (Price to Earning to Growth) emits the value of 1.62. The Price to Sale P/S and Price to Book P/B shows the value of 1.76 and 2.25 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 41.75 and 38.57 correspondingly.

The Quick Ratio of Eaton Corporation plc (NYSE:ETN) stands at 0.8 while the Current Ratio depicts the value of 1.2.

Return on Assets ROA of Eaton Corporation plc (NYSE:ETN) is at 6.4% whereas, Return on Equity ROE and Return of Investment ROI of Eaton Corporation plc (NYSE:ETN) stand at 12.9% and 9.3% respectively.

The payout ratio of Eaton Corporation plc (NYSE:ETN) stands at 53.4%.

Stock Performance Analysis

The stock performance of Eaton Corporation plc (NYSE:ETN) on the basis of 5 day trade show the jump of 6.2% whereas, the monthly performance of the stock shows increase of 8.62%.

The quarterly performance of the stock remained in red zone with the value of -0.22% while six month performance of the shares of Eaton Corporation plc (NYSE:ETN) remained bullish with the count of 6.17%.

The yearly and YTD performance of Eaton Corporation plc (NYSE:ETN) remained up at 24.94% and 16.11% respectively.