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- 1 Eaton Corp. PLC, ETN stock price has gained around 23% year to date suggesting maximum recovery in 2023.
- 2 ETN share price has been performing well and may surge more by the end of the year.
- 3 Projected sales in 2022 $20.75 Billion; Eaton Corporation plc. is an American-Irish multinational power management firm.
Eaton Corp. Plc, ETN stock price has grown exponentially after getting support from the $155 level and may reach $200 level now. ETN share price needs to surge with the strong uptrend momentum to be at the $200 recovery level. Meanwhile, buyers need to provide the ETN stocks the required kickstart for the share price to reach the $200 price level. Moreover, ETN stock price has gained around 55.23% in a year.
ETN stock price (NYSE: ETN) was at $194.46 and has lost 0.58% of its market capitalization at the close of the last trading session. Trading volume is below average and needs to grow for ETN shares to continue surging. Investors in ETN shares need to wait for any directional change over the daily time frame chart.
When Will ETN Stock Price Reach $200 Level?
ETN stock price is trading with strong uptrend momentum over the daily time frame chart. ETN share price needs to maintain the current uptrend momentum to surge towards the $200 recovery level. Trading volume must be increased so that ETN shares reach the recovery level of $200 by the end of next week. Meanwhile, ETN stock is trading above 20, 50, 100 and 200-days Daily Moving Averages.
ETN stock price has recovered by around 0.87% over the week and 14.20% over the month. ETN shares have soared by around 18.97% in a quarter and 24.93% in the last six months.
Technical indicators point at sustainability issues of ETN shares at the current level. Relative strength index showcases the downside trend of ETN. RSI was at 63 and is heading towards neutrality.
MACD exhibits the downward momentum of ETN share price. The MACD line is crossing the signal line downwards, registering the negative crossover. Investors in ETN stocks need to wait for any directional change on the opening of Monday’s trading session.
Summary
Eaton Corp. Plc, ETN stock price has grown maximum after getting support from $155 and may reach $200. ETN share price needs to maintain the current uptrend momentum to surge toward the $200 recovery level. ETN stock price has recovered around 0.87% in a week and 14.20% in a month. Technical indicators point at the sustainability issues of ETN shares at the current level. ETN Investors should look out for directional changes in Monday’s trading session.
Technical Levels
Resistance Levels: $197.00 and $200.00
Support Levels: $190.00 and $180.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
