The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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Fortive Corp
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Summary:
Weekly :Lane's Stochastic is oversoldPrice is near the Fibonacci 23.6% retracement level
Daily :Lane's Stochastic is strongly overboughtThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a third positive week after 3 consecutive negative weeks for the Fortive Corp (FTV). During the week, the FTV gained 2.05 points, or 3.04%, and closed at 69.51 on Friday, January 11, 2019. It was the best weekly gain since November 30, 2018. Weekly volume was -53% below average.

Long-term trend: [See FTV long-term trend chart]
A long-term downtrend had started on September 21, 2018 at 88.34 and reached 62.89 on December 26, 2018. FTV lost 25.45 points, or 28.81%, in 13 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See FTV medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 62.89 and reached 69.98 on January 10, 2019. FTV gained -7.09 points, or -11.27%, in 2 weeks. The price is now at the 6.63% retracement level.

Weekly Technical Indicators: [See FTV weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since October 12, 2018. The distance between MACD and the signal line is relatively high, but getting smaller. Use the following link to access a MACD help.

Short-term trend: [See FTV short-term trend chart]
A short-term uptrend had started on January 3, 2019 at 64.39 and reached 69.98 on January 10, 2019. FTV gained -5.59 points, or -8.68%, in 7 days. The price is now at the 8.41% retracement level.

Daily Technical Indicators: [See FTV daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic.

The daily MACD line is above its signal line since December 28, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.26
Williams' Percentage Range (W%R) 23.70
Lane's Stochastic (%D-Slow) 93.30
Strong Overbought
Greed/Fear Indicator (GFI) 77.95
Moving Average Converg./Diverg. (MACD) -1.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.32
Williams' Percentage Range (W%R) 75.10
Lane's Stochastic (%D-Slow) 18.81
Oversold
Greed/Fear Indicator (GFI) 28.84
Moving Average Converg./Diverg. (MACD) -1.26
Trading Signals
Description Value Chart
Upper Bollinger Band 71.93
50 Day Moving Average 71.28
Daily Stochastic Crossing 69.62
Price 69.51
20 Day Moving Average 67.33
Parabolic System 67.04
Weekly Stochastic Crossing 65.95
Lower Bollinger Band 65.08
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 64.39
Low Date 01/03/2019
High 69.98
High Date 01/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.39
Low Date 01/03/2019
High 69.98
High Date 01/10/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.39
Low Date 01/03/2019
High 69.98
High Date 01/10/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 62.89
Low Date 12/26/2018
High 69.98
High Date 01/10/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 88.34
High Date 09/21/2018
Low 62.89
Low Date 12/26/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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