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Archive
- 5/26/2023 -
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FleetCor T (FLT) |
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the FleetCor T (FLT). During the week, the FLT climbed 0.10 points, or 0.04%, and closed at 233.75 on Friday, May 26, 2023. FLT was trading at average weekly trading volume.
FLT is a member of Information Technology Sector. Information Technology 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 FLT long-term trend chart]
A long-term downtrend had started on April 29, 2021 at 295.36 and reached 161.69 on October 21, 2022. FLT lost 133.67 points, or 45.26%, in 77 weeks. The price is now at the 53.91% retracement level.
 Medium-term trend: [See FLT medium-term trend chart]
A medium-term uptrend had started on October 21, 2022 at 161.69 and reached 240.63 on May 23, 2023. FLT gained -78.94 points, or -48.82%, in 30 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 197.63 and resistance is at 255.55. 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 medium-term trend.
 Weekly Technical Indicators: [See FLT weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is above its signal line since November 18, 2022. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See FLT short-term trend chart]
A short-term downtrend had started on May 23, 2023 at 240.63 and reached 230.11 on May 25, 2023. FLT lost 10.52 points, or 4.37%, in 2 days. The price is now at the 34.60% retracement level.
 Daily Technical Indicators: [See FLT 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.
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