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Oil & Gas Equipment & Services Industry Stocks Technical Analysis - FTIArchive
- 1/17/2025 -
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FMC Technologies Inc. (FTI) Technical Analysis
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| Summary:
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| | It was a fourth consecutive positive week for the FMC Technologies Inc. (FTI). During the week, the FTI gained 0.87 points, or 2.74%, and closed at 32.57 on Friday, January 17, 2025. FTI was trading at average weekly trading volume.
FTI is a member of Energy Sector. Energy is the 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 FTI long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 5.48 and reached 33.45 on January 10, 2025. FTI gained -27.97 points, or -510.40%, in 130 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 25.68 and resistance is at 34.35. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
Medium-term trend: [See FTI medium-term trend chart]
A medium-term uptrend had started on September 11, 2024 at 22.99 and reached 33.45 on January 10, 2025. FTI gained -10.46 points, or -45.50%, in 17 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 29.55 and resistance is at 35.53. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See FTI weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 8, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See FTI short-term trend chart]
A short-term uptrend had started on December 20, 2024 at 28.36 and reached 33.45 on January 10, 2025. FTI gained -5.09 points, or -17.95%, in 21 days. The price is now at the 17.29% retracement level.
 Daily Technical Indicators: [See FTI daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
The daily MACD line is above its signal line since January 2, 2025. This is an indication that the short-term trend is up.
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