Uptrend Under Pressure 93
Institutional selling is building — 7 distribution days in the last 25 sessions. Severe risk · 93/100 · 7 distribution days (SPY) Sep 11 Full briefing →
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ETN · Eaton Corporation, PLC

$409.15 -1.46% Sep 10 close
Detected setup watchlist_candidate · Setup Score 0/100

Stand aside — setup invalidated

Setup score 0, but distribution days reach 5 or more — stand aside until the condition resets.

1 independent risk warning also present. Review before relying on the bullish setup.

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$ETN

Eaton Corporation, PLC

Eaton Corporation, PLC is a large-cap Electrical Products company in the Producer Manufacturing sector with a market cap of $159B.

Producer Manufacturing Electrical Products stock Stage 2 · Advancing Base 4+
$409.15 latest close
Verdict · setup score 0/100 · data Sep 10 close · 1 session old

Stand aside — setup invalidated

Setup score 0, but distribution days reach 5 or more — stand aside until the condition resets.

Earnings

Normal technical setup

No sourced report date Event risk is not modelled for this symbol

Deterministic evidence

ETN-1.46%
Broad market · SPY-0.60%
Same completed session window ending 2026-09-10. -0.86 points vs SPY.

Session internals Mixed

Rule: direction and internals disagree — it met neither the strong nor the weak rule. Judged on internals, not on the size of the move.

Vs prior close-1.46% From the open-0.47% Range position40% GapNo gap
QQQ confirmationConfirming (-1.06%) SMH confirmationConfirming (-2.44%)
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.

Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.

Price $409.15 -1.5% Sep 10 close
52W High $478.00 14.4% below high
Wks Since High 4w
Base Depth 15.1% 19.5% today
RS Rank 23 percentile of scan
SMA 50 $415.51
Avg Vol 2,081,553
Rel Vol (Sep 10) 0.73×
More stats
52W Low $311.92
Tight Wks 0
Base B4
SMA 200 $382.21
RS Line vs High -10.4%
RS Line Slope -7.4% ▼
Group Rank #47/58
ADR% 2.7%
ATR(14) $12.17 (3.0%)
Vol Pace (live) N/A
U/D Vol 0.25
A/D Days 13A / 15D
A/D Rating D
VDU Bars 0/10 d
Position in 52-week range 59thpercentile of the 52-week range
$311.92low
$478.00high

ETN Chart

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Technical Analysis Report Card

$ETN · $409.15 · as of 2026-09-10 · multi-factor read
30
/ 100
Technicals 30/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▼ Weak / rolling over
Weekly ▬ Sideways / consolidating
Monthly ▬ Sideways / consolidating

Moving Averages

50-day$415.51 ↓
100-day$411.31 ↓
200-day$382.21 ↑
Bullish (50 > 200)

RSI (14)

Reading47.2 · Neutral

Neutral — momentum is balanced between buyers and sellers.

MACD (12/26/9)

StateBearish
Histogram-0.308

Bearish — MACD below its signal line and below zero. Histogram expanding.

Bollinger Bands (20,2)

%B / Width39% · 18.0%

Mid-band — no directional band edge in play.

Volume · Buyer vs Seller

Up/Down vol0.25 · Distribution
Rel volume0.73×

Distribution — volume is concentrated on down days; sellers dominate. Recent volume is easing versus its baseline.

Support & Resistance

R · $418.21swing level
R · $427.61swing level
R · $436.09swing level
Price · $409.15now
S · $388.18swing level
S · $382.00swing level
S · $375.04swing level

Fibonacci · Uptrend swing

23.6%$445.90
38.2%$426.05
50.0% ◄ price here$410.00
61.8%$393.95
78.6%$371.10

Retracement support zones measured from the recent swing low up to the high.

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Daily downtrendAbove 200-day MA50/200 bullishVolume distributionRS 32 (laggard)
Want this read in a legend's voice? Ask a Legend about ETN
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts 6 methodology checks

Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.

Council consensus: 4 of 6 legends are Watching — building, not yet a confirmed buy.
Avoid
Minervini C

Trend-template read: fails Price > 50-day MA.

Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $409.15, MA150 $398.08, MA200 $382.21
1.2 150-day MA > 200-day MAMA150 $398.08 vs MA200 $382.21
Failing evidence
1.5 Price > 50-day MAPrice $409.15 vs MA50 $415.51
1.8 RS rank ≥ 70 (prefer ≥ 85)RS rank 32
5/8 checks
Avoid
O'Neil D

CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.

Passing evidence
N: Near 52-week high or RS line new high14.4% below high | RS line new high: False
S: Base tightness (ATR% ≤ 4.5%)ATR% 2.97%
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 32
C: Quarterly EPS acceleration ≥ 25%Data unavailable
2/8 checks
Watch
Weinstein D

Stage-analysis read: Stage 2 is present; 3 supporting checks need improvement.

Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $409.15 vs MA200 $382.21
Failing evidence
Stage 1→2 breakout on expanding volume0.73x on the fresh 30-week MA breakout — needs ≥1.4x to confirm
Relative strength ≥ 60RS 32
3/6 checks
Watch
Livermore B

Pivotal-point read: constructive evidence is present, but relative strength is unresolved.

Passing evidence
Price$409.15
Distance from 52-week high14.4% below high
Failing evidence
Relative strengthRS 32
Volume vs average0.73x
3/6 checks
Watch
Darvas B

Box-theory read: constructive evidence is present, but relative strength is unresolved.

Passing evidence
Price$409.15
Distance from 52-week high14.4% below high
Failing evidence
Relative strengthRS 32
Volume vs average0.73x
3/6 checks
Watch
Wyckoff B

Supply-and-demand read: constructive evidence is present, but relative strength is unresolved.

Passing evidence
Price$409.15
Distance from 52-week high14.4% below high
Failing evidence
Relative strengthRS 32
Volume vs average0.73x
3/6 checks
Base & Breakout
Breakout follow-through

No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?

RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▼ Falling
97RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net +0 D
A: 14 D: 14 Net: +065 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 2/7 met
C 2/7 criteria
Separate score from the Minervini Trend Template (6/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
EPS acceleration ≥25% QoQ
Revenue growth ≥20% YoY +10%
Gross margin ≥30%
ROE ≥17%
RS rating ≥80 (leadership) 32
Stage 2 uptrend (Weinstein) Stage 2
Within 25% of 52W high -14.4%

Method Playbook

Trade it like O'Neil EXACT LEVELS · PRO
O'Neil D · Avoid — The deterministic methodology check is Avoid; wait until the blocking criteria are resolved.
Pivot
Pro level
Published-method rule: Use the proper base pivot or handle high after CANSLIM leadership and market-direction checks are satisfied.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Require a breakout through the pivot on volume at least 40% above average; the valid buy zone ends 5% above the pivot.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Use the setup's structural stop with a hard 7–8% maximum-loss ceiling from the actual entry.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Protect progress under constructive support such as the 21-day or 10-week line; a stop may ratchet higher but never lower.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit on the hard loss limit, a decisive support break, or a rule-based climax/distribution signal; a normal 20–25% advance is reviewed rather than assumed permanent.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →

Forming Patterns (predictive — not confirmed)

Inverse Head & Shoulders bullish forming
80% built

Possible inverse head & shoulders — not confirmed. Watch for a daily close above ~516.24 (neckline) to confirm, with a measured move toward ~674.36. A drop under the right shoulder near 384.77 weakens the structure; a close below the head near 358.12 invalidates it.

Confirms above 516.24
Invalidates at 358.12
Left Shoulder 382.00
Head 358.12
Right Shoulder 384.77
Neckline 516.24
Target 674.36

LS 382.00 / head 358.12 / RS 384.77, neckline ~516.24, 20.7% below confirmation

VCP bullish forming
65% built

Possible VCP forming — contractions 20% → 6%. Watch for a final tighter contraction with volume drying up, then a move through ~430.25 on strong volume. A break below ~384.77 invalidates the base.

Pivot Watch 4.90% away
Tightness / volume Stable · No VDU
Recent-pace band 2–7 sessions
Confirms above 430.25
Invalidates at 384.77
Pivot 430.25
Support 405.70
Base High 478.00

2 tightening contractions (20% → 6%), depth 20%, vol_dry=no, near_pivot=yes

Predictive pattern recognition is educational — most forming structures never confirm. Wait for the confirmation level before treating this as a setup.

Pattern Analysis

0 setup score
RS Score 32
Trend template 6/8
The Universal Edge Check · context only

What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.

1/7 universals met
  • A relative-strength leader — not met RS rank 23 — laggard
  • Risk is defined — not met No stop — undefined risk
  • Asymmetric reward — partly met No target set
  • Clear of earnings — partly met Report date unknown
  • Not chasing (in range) — partly met Pivot distance unknown
  • Volume confirms — partly met 0.7× average — light
  • In a confirmed uptrend — met Stage 2 · Trend template 6/8
Why these seven? → The Universal Edge

Minervini Trend Template

6/8

Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.

Price above SMA 150 & 200 $409.15 vs SMA150 $398.08 / SMA200 $382.21
SMA 150 above SMA 200 SMA150 $398.08 vs SMA200 $382.21
SMA 200 trending up Slope +4.91 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $415.51
Price above SMA 50 $409.15 vs SMA50 $415.51
30%+ above 52-week low +31.2% from $311.92
Within 25% of 52-week high -14.4% from $478.00
RS score above 70 RS 32

Fundamentals

52W Range
59%
Mkt Cap SEC
158.9B
Rev YoY
+10%
EPS TTM
$10.45
P/E TTM
39.2x
Float
388M

Company

Company profile
Eaton Corporation, PLC
ETN · NYSE · Producer Manufacturing · Electrical Products

Scan History

7× streak
Sep 08: 0 (watchlist_candidate)Sep 09: 61 (Trend Only)Sep 09: 62 (Trend Only)Sep 09: 62 (Trend Only)Sep 11: 0 (watchlist_candidate)0
Sep 11
watchlist_candidate
0
Sep 09
Trend Only ✓ Gate
62 -1.5%
Sep 09
Trend Only ✓ Gate
62 -1.5%
Sep 09
Trend Only ✓ Gate
61 -1.5%
Sep 08
watchlist_candidate
0 -3.1%

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