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Advanced TA SearchArchive
- 4/19/2024 -
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FMC Corp. (FMC) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the FMC Corp. (FMC). During the week, the FMC gained 1.07 points, or 1.89%, and closed at 57.82 on Friday, April 19, 2024. Weekly volume was -10% below 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 33.64 and resistance is at 119.85. 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 67.08 on March 13, 2024. FMC gained -17.58 points, or -35.52%, in 17 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 50.35 and resistance is at 66.84. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See FMC weekly technical indicators chart]
Weekly technical indicators are neutral.
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 February 21, 2024 at 50.03 and reached 67.08 on March 13, 2024. FMC gained -17.05 points, or -34.08%, in 21 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (60.88) 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 short-term trend.
 Daily Technical Indicators: [See FMC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 daily MACD line is below its signal line since March 22, 2024.
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