Emerson Electric Company Stock Forecast

Red day on Thursday for Emerson Electric Company stock after losing 0.455%
(Updated on Apr 18, 2024)

EMR Signals & Forecast

There are few to no technical positive signals at the moment. The Emerson Electric Company stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $111.80 and $111.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -4.67%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Emerson Electric Company stock

Emerson Electric Company finds support from accumulated volume at $106.24 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.89 between high and low, or 1.73%. For the last week the stock has had daily average volatility of 1.93%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EMR) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Emerson Electric Company to open at $109.69, and during the day (based on 14 day Average True Range), to move between $107.62 and $111.00, which gives a possible trading interval of +/-$1.69 (+/-1.54%) up or down from last closing price. If Emerson Electric Company takes out the full calculated possible swing range there will be an estimated 3.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $109.51 (0.18%) than the support at $106.24 (2.81%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Emerson Electric Company stock A Buy?

The Emerson Electric Company stock holds several negative signals and despite the positive trend, we believe Emerson Electric Company will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.195 Sell Candidate Unchanged

Predicted Opening Price for Emerson Electric Company of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.