The Greedy Trader Weekly Analysis
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Archive
- 8/10/2018
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Fortive Corp
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Summary:
Weekly :Williams' Percentage Range is overboughtTrend support at 79.54
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is close to 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 -1.51 points, or -1.86%, and closed at 79.70 on Friday, August 10, 2018. It was the worst weekly loss since June 22, 2018. Weekly volume was -22% below average.

Long-term trend: [See FTV long-term trend chart]
A long-term uptrend had started on April 27, 2018 at 69.08 and reached 82.63 on August 1, 2018. FTV gained -13.55 points, or -19.61%, in 13 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (79.54) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See FTV medium-term trend chart]
A medium-term uptrend had started on June 28, 2018 at 74.20 and reached 82.63 on August 1, 2018. FTV gained -8.43 points, or -11.36%, in 4 weeks. The price is now at the 34.76% retracement level.

Weekly Technical Indicators: [See FTV weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 27, 2018. 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 August 7, 2018 at 81.64 and reached 79.43 on August 10, 2018. FTV lost 2.21 points, or 2.71%, in 3 days. The price is now at the 12.22% retracement level.

Daily Technical Indicators: [See FTV daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price is close to 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) 64.19
Williams' Percentage Range (W%R) 39.80
Lane's Stochastic (%D-Slow) 43.64
Greed/Fear Indicator (GFI) 56.02
Moving Average Converg./Diverg. (MACD) 0.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.58
Williams' Percentage Range (W%R) 19.10
Overbought
Lane's Stochastic (%D-Slow) 67.32
Greed/Fear Indicator (GFI) 67.15
Moving Average Converg./Diverg. (MACD) 1.38
Trading Signals
Description Value Chart
Yearly Trendline Resistance 86.29
Upper Bollinger Band 83.17
Parabolic System 82.58
Daily Stochastic Crossing 80.62
Weekly Stochastic Crossing 80.21
Price 79.70
Yearly Trendline Support 79.54
20 Day Moving Average 79.42
50 Day Moving Average 78.11
Lower Bollinger Band 76.03
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 81.64
High Date 08/07/2018
Low 79.43
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.64
High Date 08/07/2018
Low 79.43
Low Date 08/10/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 82.63
High Date 08/01/2018
Low 79.43
Low Date 08/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.20
Low Date 06/28/2018
High 82.63
High Date 08/01/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 86.29
Support 79.54
Low 69.08
Low Date 04/27/2018
High 82.63
High Date 08/01/2018
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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