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- 6/7/2024 -
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FMC Technologies Inc. (FTI) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the FMC Technologies Inc. (FTI). During the week, the FTI dropped -1.92 points, or -7.33%, and closed at 24.27 on Friday, June 7, 2024. Weekly volume was -31% below average.
FTI is a member of Energy Sector. Energy is the most oversold 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 FTI long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 5.48 and reached 27.30 on May 9, 2024. FTI gained -21.82 points, or -398.18%, in 95 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 23.54 and resistance is at 28.57. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See FTI medium-term trend chart]
A medium-term downtrend had started on May 9, 2024 at 27.30 and reached 23.88 on June 4, 2024. FTI lost 3.42 points, or 12.53%, in 3 weeks. The price is now at the 11.40% retracement level.
 Weekly Technical Indicators: [See FTI weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
Short-term trend: [See FTI short-term trend chart]
A short-term downtrend had started on June 6, 2024 at 24.58 and reached 24.08 on June 7, 2024. FTI lost 0.50 points, or 2.03%, in 1 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See FTI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and 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 and Williams' Percentage Range help.
The daily MACD line is below its signal line since May 9, 2024. 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 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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