The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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Fortive Corp
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Summary:
Weekly :Stochastic signal line moved below overbought areaPrice is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Fortive Corp (FTV). During the week, the FTV dropped -3.94 points, or -4.55%, and closed at 82.63 on Friday, May 10, 2019. It was the worst weekly loss since December 7, 2018. Weekly volume was -54% 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. The price is now at the 77.56% retracement 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 89.48 on April 24, 2019. FTV gained -26.59 points, or -42.28%, in 17 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See FTV weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 above its signal line since February 1, 2019. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See FTV short-term trend chart]
A short-term downtrend had started on May 1, 2019 at 86.77 and reached 80.66 on May 10, 2019. FTV lost 6.11 points, or 7.04%, in 9 days. The price is now at the 32.24% retracement level.

Daily Technical Indicators: [See FTV daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since April 24, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has declined below 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.02
Williams' Percentage Range (W%R) 87.60
Oversold
Lane's Stochastic (%D-Slow) 31.19
Greed/Fear Indicator (GFI) 23.52
Moving Average Converg./Diverg. (MACD) 0.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.55
Williams' Percentage Range (W%R) 29.10
Lane's Stochastic (%D-Slow) 75.43
Greed/Fear Indicator (GFI) 66.36
Moving Average Converg./Diverg. (MACD) 2.03
Trading Signals
Description Value Chart
Upper Bollinger Band 89.35
Weekly Stochastic Crossing 86.87
20 Day Moving Average 86.22
Parabolic System 85.27
50 Day Moving Average 84.71
Price 82.63
Daily Stochastic Crossing 82.32
Lower Bollinger Band 80.85
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 86.77
High Date 05/01/2019
Low 80.66
Low Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 86.77
High Date 05/01/2019
Low 80.66
Low Date 05/10/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 89.48
High Date 04/24/2019
Low 80.66
Low Date 05/10/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 62.89
Low Date 12/26/2018
High 89.48
High Date 04/24/2019
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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