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Archive
- 12/13/2024 -
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FMC Corp. (FMC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the FMC Corp. (FMC). During the week, the FMC dropped -3.08 points, or -5.44%, and closed at 53.50 on Friday, December 13, 2024. Weekly volume was 7% above average.
FMC is a member of Materials Sector. Materials 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 FMC long-term trend chart]
A long-term downtrend had started on April 20, 2022 at 140.99 and reached 49.50 on November 10, 2023. FMC lost 91.49 points, or 64.89%, in 81 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 9.64 and resistance is at 112.91. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See FMC medium-term trend chart]
A medium-term uptrend had started on November 10, 2023 at 49.50 and reached 68.72 on May 13, 2024. FMC gained -19.22 points, or -38.83%, in 26 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (56.98) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FMC may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See FMC weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since November 8, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See FMC short-term trend chart]
A short-term downtrend had started on November 26, 2024 at 61.26 and reached 52.65 on December 13, 2024. FMC lost 8.61 points, or 14.05%, in 17 days. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (54.62) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.
Daily Technical Indicators: [See FMC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.
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