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Archive
- 12/13/2024 -
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FMC Technologies Inc. (FTI) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the FMC Technologies Inc. (FTI). During the week, the FTI climbed 0.27 points, or 0.88%, and closed at 31.00 on Friday, December 13, 2024. FTI was trading at average weekly trading volume.
 Long-term trend: [See FTI long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 5.48 and reached 32.64 on December 5, 2024. FTI gained -27.16 points, or -495.62%, in 125 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 25.03 and resistance is at 33.50. 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 long-term trend.
Medium-term trend: [See FTI medium-term trend chart]
A medium-term uptrend had started on October 23, 2024 at 24.89 and reached 32.64 on December 5, 2024. FTI gained -7.75 points, or -31.14%, in 6 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 30.42 and resistance is at 34.00. 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 FTI 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 8, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See FTI short-term trend chart]
A short-term downtrend had started on December 5, 2024 at 32.64 and reached 29.96 on December 11, 2024. FTI lost 2.68 points, or 8.21%, in 6 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See FTI 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.
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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 |
Energy |
3 |
| Industry |
Oil & Gas Equipment & Services |
57 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
32.64 |
| High Date |
12/05/2024 |
| Low |
29.96 |
| Low Date |
12/11/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
34.00 |
| Support |
30.42 |
| Low |
24.89 |
| Low Date |
10/23/2024 |
| High |
32.64 |
| High Date |
12/05/2024 |
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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 |
22.99 |
| Low Date |
09/11/2024 |
| High |
32.64 |
| High Date |
12/05/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
33.50 |
| Support |
25.03 |
| Low |
5.48 |
| Low Date |
07/14/2022 |
| High |
32.64 |
| High Date |
12/05/2024 |
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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 |
4.49 |
| Low Date |
03/18/2020 |
| High |
32.64 |
| High Date |
12/05/2024 |
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