RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of EMR
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Evaluation of Emerson Electric Company stock downgraded after the last trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 08, 2024 Gain 10.81% PDF

The Emerson Electric Company stock price gained 1.34% on the last trading day (Wednesday, 27th Mar 2024), rising from $111.95 to $113.45. During the last trading day the stock fluctuated 1.62% from a day low at $111.65 to a day high of $113.46. The price has risen in 8 of the last 10 days and is up by 2.81% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 568 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $218.99 million.

The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $115.07 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 24.05% during the next 3 months and, with a 90% probability hold a price between $131.48 and $142.74 at the end of this 3-month period.

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EMR Signals & Forecast

The Emerson Electric Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $112.21 and $108.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 31, 2024, and so far it has risen 23.68%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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

On the downside, the stock finds support just below today's level from accumulated volume at $106.24 and $104.09. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Emerson Electric Company finds support just below today's level at $106.24. If this is broken, then the next support from accumulated volume will be at $104.09 and $102.38.

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 $1.81 between high and low, or 1.62%. For the last week the stock has had daily average volatility of 1.05%.

Our recommended stop-loss: $109.46 (-3.52%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 39 days ago.)

Trading Expectations (EMR) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Emerson Electric Company to open at $112.85, and during the day (based on 14 day Average True Range), to move between $111.98 and $114.92, which gives a possible trading interval of +/-$1.47 (+/-1.30%) up or down from last closing price. If Emerson Electric Company takes out the full calculated possible swing range there will be an estimated 2.59% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $106.24, some $7.21 (6.36%) from the current price of $113.45, our system finds the risk reward attractive.

Is Emerson Electric Company stock A Buy?

Emerson Electric Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Emerson Electric Company of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$112.85 ( 0.526%) $113.45

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

Trading levels for EMR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 114.66 1.07 %
R2 113.97 0.460 %
R1 113.54 0.0835 %
Current price: 113.45
Support S1 112.16 -1.14 %
S2 111.73 -1.51 %
S3 111.04 -2.12 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 113.45
Support S1 106.24 -6.36%
S2 104.09 -8.25%
S3 102.38 -9.76%

EMR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 07, 2024 Feb 15, 2024 Mar 11, 2024 $0.525 0.479%
2 Nov 07, 2023 Nov 16, 2023 Dec 11, 2023 $0.525 0.585%
3 Aug 02, 2023 Aug 10, 2023 Sep 11, 2023 $0.520 0.519%
4 May 03, 2023 May 11, 2023 Jun 09, 2023 $0.520 0.618%
5 Feb 08, 2023 Feb 16, 2023 Mar 10, 2023 $0.520 0.633%

FAQ

What is the symbol for Emerson Electric Company Stock and on which exchange is it traded?
The symbol for Emerson Electric Company is EMR and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Emerson Electric Company Stock?
Emerson Electric Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Emerson Electric Company Stock?
Emerson Electric Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Emerson Electric Company Stock.

What's the current price of Emerson Electric Company Stock?
As of the end of day on the 2024-03-27, the price of an Emerson Electric Company (EMR) share was $113.45.

What is the 52-week high and low for Emerson Electric Company Stock?
The 52-week high for Emerson Electric Company Stock is $113.46 and the 52-week low is $76.94.

What is the market capitalization of Emerson Electric Company Stock?
As of the 2024-03-27, the market capitalization of Emerson Electric Company is 64.859B.

When is the next earnings date for Emerson Electric Company?
The upcoming earnings date for Emerson Electric Company is May 01, 2024.
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About Emerson Electric Company

Emerson Electric Company Emerson Electric Co., a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control s... EMR Profile

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