EMR closes within prior day's range after lackluster session

Emerson Electric Company (EMR) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team


EMR runs into sellers again around 77.91
EMR closes within previous day's range after lackluster session


EMR ended the week 2.31% higher at 77.54 after losing $0.21 (-0.27%) today. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session.

Daily Candlestick Chart (EMR as at Sep 14, 2018):

Daily technical analysis candlestick chart for Emerson Electric Company (EMR) as at Sep 14, 2018

Friday's trading range was $0.57 (0.73%), that's far below last trading month's daily average range of $0.91. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.

During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar.

Prices are trading close to the key resistance level at 78.00. After having been unable to move above 78.00 in the prior session, the share ran into sellers again around the same price level today, failing to move higher than 77.91.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Buying might speed up should prices move above the nearby swing high at 78.00 where further buy stops could get activated.

Market Conditions for EMR as at Sep 14, 2018

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