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Archive
- 5/26/2023 -
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FMC Corp. (FMC) |
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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 -5.32 points, or -4.88%, and closed at 103.59 on Friday, May 26, 2023. FMC was trading at average weekly trading volume.
FMC is a member of Materials Sector. Materials is the second most oversold sector. FMC is a member of Fertilizers & Agricultural Chemicals Industry. Fertilizers & Agricultural Chemicals is the eighth most oversold industry. 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 uptrend had started on August 23, 2021 at 87.27 and reached 140.99 on April 20, 2022. FMC gained -53.72 points, or -61.56%, in 34 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (108.97) 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 long-term trend.
 Medium-term trend: [See FMC medium-term trend chart]
A medium-term downtrend had started on December 2, 2022 at 134.38 and reached 103.41 on May 26, 2023. FMC lost 30.97 points, or 23.05%, in 25 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See FMC weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since February 24, 2023. This is an indication that the medium-term trend is down. 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 January 30, 2023 at 133.37 and reached 103.41 on May 26, 2023. FMC lost 29.96 points, or 22.46%, in 116 days. Price is near the trend low.
 Daily Technical Indicators: [See FMC daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since May 1, 2023. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Materials |
2 |
| Industry |
Fertilizers & Agricultural Chemicals |
8 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
133.37 |
| High Date |
01/30/2023 |
| Low |
103.41 |
| Low Date |
05/26/2023 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
134.38 |
| High Date |
12/02/2022 |
| Low |
103.41 |
| Low Date |
05/26/2023 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
98.24 |
| Low Date |
07/14/2022 |
| High |
134.38 |
| High Date |
12/02/2022 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Support |
| Resistance |
129.33 |
| Support |
108.97 |
| Low |
87.27 |
| Low Date |
08/23/2021 |
| High |
140.99 |
| High Date |
04/20/2022 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
32.24 |
| Low Date |
02/11/2016 |
| High |
140.99 |
| High Date |
04/20/2022 |
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