ETN Price Chart
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50 DMA150 DMA200 DMA
ETNEaton Corporation plc
$333.46
Financials
AVOID
Investment Thesis
ETN is a market laggard (RS 31/99, Top 69%) with weak fundamentals. avoid chasing - protect capital. Smart traders skip this one until the setup improves.
Weak relative strength + ordinary growth = Pass
Key Takeaways
- Earnings weak
- RS 31 - market laggard
- No base pattern
- Wait & watch
Earnings Momentum
Earnings Growing
Price Structure
Broken StructurePrice
$333.46
→
50 DMA
$338.51
→
100 DMA
$353.29
→
150 DMA
$355.35
✓→
200 DMA
$341.65
Alignment Score: 1/4
LEADERSHIP TEST FAILED
RS Rating 31/99 is in Bottom 31% of market. Minervini target: Top 20% (RS 80+)
Why Not BUY Yet?
RS Rating
31 (Top 69%)→>80 (Top 20%)
EPS Growth
2%→>25% Qtr YoY
Pattern
No base forming→VCP or constructive base
Trend
Weak Downtrend→Above 200 DMA
Breakout Status
-1.3% from entry ($338.01)→Breakout confirmation (hold above entry)
What Would Change Our Mind?
To turn bullish on ETN, we need:
- RS Rating: >80 (Top 20%)(currently 31 (Top 69%))
- EPS Growth: >25% Qtr YoY(currently 2%)
- Pattern: VCP or constructive base(currently No base forming)
- Trend: Above 200 DMA(currently Weak Downtrend)
- Breakout Status: Breakout confirmation (hold above entry)(currently -1.3% from entry ($338.01))
- Breakout Recovery: Price recovers above $338.01(currently -1.3% below entry)
Twin Engines Dashboard
Technical Health
RS Rating
31/99
Top 69% (Need 80+)
Trend
Weak Downtrend
Below 200 DMA
RSI (14)
51
NEUTRAL
VCP Setup
COOL
Score: 7/9
Volume
2.1M
-25% vs avg
From Entry
-1.3%
$338.01
Fundamental Horsepower
EPS Qtr YoY
+2%
Growing
EPS 3Y CAGR
+21%
Annual Earnings
Revenue Qtr
+10%
Accelerating
F-Score
7/9
Piotroski Quality
ROE
20%
Return on Equity
EPS Rank
47/99
Percentile
Trade Plan
StrugglingBreakout Date2025-06-16214 days ago
Entry Was$338.01Breakout price
Loss Since-1%From entry
Wait For$338.01Reclaim entry or new base
If/Then Playbook
IF: RS Rating improves to >80
THEN: Re-evaluate for WATCHLIST
IF: Price closes below 200 DMA
THEN: Remove from radar entirely
IF: EPS growth accelerates to >40% next quarter
THEN: Reassess as potential turnaround
Key Price Levels
Resistance
- 50 DMA$338.51+1.5%
- 200 DMA$341.65+2.5%
- 52W High$399.56+19.8%
Current$333.46
Support
- 20 DMA$323.79-2.9%
- 52W Low$231.85-30.5%
More ETN Analysis
Frequently Asked Questions
Is ETN stock a buy now?
ETN is a market laggard (RS 31/99, Top 69%) with weak fundamentals. avoid chasing - protect capital. Smart traders skip this one until the setup improves.
What is the buy point for ETN?
ETN broke out at $338.01 7 month(s) ago but is now -1% below entry. Wait for new base pattern.
What is ETN's RS Rating?
ETN has an RS Rating of 31/99, meaning it's in the Top 69% of all stocks for relative price performance over the past 12 months. Minervini recommends RS 80+ for momentum trades.
Important Disclosure: This analysis is for educational and informational purposes only. Technical and fundamental indicators are based on historical data and do not guarantee future performance. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.