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Advanced TA SearchArchive
- 4/19/2024 -
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Fortive Corp (FTV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Fortive Corp (FTV). During the week, the FTV dropped -2.92 points, or -3.54%, and closed at 79.49 on Friday, April 19, 2024. Weekly volume was -10% below average.
FTV is a member of Industrials Sector. Industrials is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See FTV long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 52.47 and reached 87.10 on March 22, 2024. FTV gained -34.63 points, or -66.00%, in 88 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 October 25, 2023 at 63.05 and reached 87.10 on March 22, 2024. FTV gained -24.05 points, or -38.14%, in 21 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (79.15) 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 medium-term trend.
 Weekly Technical Indicators: [See FTV weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since January 5, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 March 28, 2024 at 86.21 and reached 79.31 on April 19, 2024. FTV lost 6.90 points, or 8.00%, in 22 days. Price is near the trend low.
 Daily Technical Indicators: [See FTV daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since February 27, 2024. This is an indication that the short-term trend is down.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.
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