Emerson Electric Co. (EMR) has exhibited a short-term bearish trend on the daily chart, with the price pulling back from highs around 141 to current levels near 137.45. Over the past 30 days, the stock gained approximately 10% before this recent correction, trading within a broader range from the 52-week low of 106.53 to a high of 165.15. The overall structure shows consolidation below shorter-term moving averages, but proximity to the 200-day SMA indicates a test of longer-term support. Chart patterns include potential flags and triangles on daily and weekly timeframes, reflecting indecision amid medium volatility (ATR around 1.16-2.71).
Traders are focused on immediate support at the classic pivot S1 of 137.47 and S2 at 137.02, aligning with the recent low of 137.23. A deeper support zone exists around 135.00 and 125.39-126.01. On the upside, resistance begins at R1 138.33 and R2 138.74, followed by a stronger zone from 138.96 to 141.35 and 143.91. These levels coincide with prior swing highs and moving average clusters, where price has repeatedly stalled.
All major moving averages signal sell on the daily timeframe. The 5-day SMA stands at 138.02, 20-day at 138.41 (Barchart 141.35), 50-day at 139.90, 100-day at 141.91, and 200-day SMA at 137.69 (Barchart 137.74). Current price action below the 20-day, 50-day, and 100-day MAs reinforces bearish bias, though nearness to the 200-day SMA offers dynamic support. Exponential MAs mirror this, with the 200-day EMA at 140.21 also above price.
RSI(14) at 39.55 indicates selling pressure but approaching oversold territory, while Chartmill notes 46.08 as neutral. MACD(12,26) is negative at -0.57, confirming downward momentum. Stochastic (9,6) at 19.61 and Williams %R at -95.41 highlight oversold conditions, potentially setting up for short-term relief rallies. CCI(14) at -92.56 adds to the sell signals, with ADX(14) at 18.91 showing weak trend strength.
Recent trading volume of 2.76 million shares marks an 11.65% decrease from the 50-day average of 2.86 million, suggesting reduced participation during the pullback. The 20-day average is 2.67 million, indicating no significant spikes or unusual activity to confirm the downmove strongly. Oversold momentum without volume surge points to possible exhaustion.
Tickeron’s AI Daily Buy/Sell Signals leverage artificial intelligence to scrutinize vast market data, technical indicators, and historical price patterns for EMR and other stocks and ETFs. These signals arise from advanced algorithms that detect trends, momentum shifts, and recurring formations, delivering actionable buy or sell recommendations. Traders rely on them to pinpoint entry/exit opportunities, validate chart setups, and enhance decision-making amid volatile conditions. Explore the signals to integrate AI-driven insights into your technical strategy.
Market participants will monitor whether EMR holds above the 137.00-137.47 support cluster for a potential rebound toward 138.33 resistance. A breakdown below 135 could accelerate toward lower supports at 128-126, while clearance of 138.96-141.35 might signal resumption of upside momentum. Watch RSI for oversold bounces, MACD for histogram shifts, and volume for confirmation on any move. Stochastic and Williams %R extremes suggest monitoring for reversal candlesticks near pivots.
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A.I.dvisor indicates that over the last year, EMR has been closely correlated with ROK. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if EMR jumps, then ROK could also see price increases.
| Ticker / NAME | Correlation To EMR | 1D Price Change % |
|---|---|---|
| EMR | 100% | -2.54% |
| EMR (8 stocks) | 80% Closely correlated | -2.17% |
| Producer Manufacturing (352 stocks) | -1% Poorly correlated | -0.81% |