The Greedy Trader Weekly Analysis
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Quarterly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/10/2024 -
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FMC Corp. (FMC) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtMACD bearish divergence
Daily :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
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It was a fourth consecutive positive week for the FMC Corp. (FMC). During the week, the FMC gained 5.68 points, or 9.18%, and closed at 67.53 on Friday, May 10, 2024. Weekly volume was 66% above average.

FMC is a member of Materials Sector. Materials 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 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 31.46 and resistance is at 119.22. 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 68.47 on May 7, 2024. FMC gained -18.97 points, or -38.32%, in 25 weeks. Price is near the trend high.

Weekly Technical Indicators: [See FMC 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 MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See FMC short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 55.38 and reached 68.47 on May 7, 2024. FMC gained -13.09 points, or -23.64%, in 21 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (58.96) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a short-term trend.

Daily Technical Indicators: [See FMC daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 26, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.66
Williams' Percentage Range (W%R) 7.90
Strong Overbought
Lane's Stochastic (%D-Slow) 80.33
Overbought
Greed/Fear Indicator (GFI) 81.37
Overbought
Moving Average Converg./Diverg. (MACD) 0.59
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.82
Williams' Percentage Range (W%R) 5.60
Strong Overbought
Lane's Stochastic (%D-Slow) 56.05
Greed/Fear Indicator (GFI) 70.21
Moving Average Converg./Diverg. (MACD) -4.31 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 68.97
Price 67.53
Daily Stochastic Crossing 66.58
Parabolic System 63.59
Weekly Stochastic Crossing 62.47
Weekly Trendline Resistance 61.98
50 Day Moving Average 61.27
20 Day Moving Average 60.05
Weekly Trendline Support 58.96
Lower Bollinger Band 54.51
Sector and Industry
Description Name Rank
Sector Materials 10
Industry Fertilizers & Agricultural Chemicals 70
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 57.57
Low Date 05/01/2024
High 68.47
High Date 05/07/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 61.98
Support 58.96
Low 55.38
Low Date 04/16/2024
High 68.47
High Date 05/07/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 49.50
Low Date 11/10/2023
High 68.47
High Date 05/07/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 134.38
High Date 12/02/2022
Low 49.50
Low Date 11/10/2023
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 119.22
Support 31.46
High 140.99
High Date 04/20/2022
Low 49.50
Low Date 11/10/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.