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Archive
- 5/26/2023 -
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FMC Technologies Inc. (FTI) |
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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 0.05 points, or 0.36%, and closed at 13.93 on Friday, May 26, 2023. Weekly volume was -28% below average.
FTI is a member of Energy Sector. Energy 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 FTI long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 4.49 and reached 16.03 on February 28, 2023. FTI gained -11.54 points, or -257.02%, in 153 weeks. The chart has formed a Falling Wedge chart pattern. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.
 Medium-term trend: [See FTI medium-term trend chart]
A medium-term downtrend had started on February 28, 2023 at 16.03 and reached 12.04 on March 17, 2023. FTI lost 3.99 points, or 24.89%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See FTI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 17, 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 FTI short-term trend chart]
A short-term uptrend had started on March 17, 2023 at 12.04 and reached 14.84 on April 3, 2023. FTI gained -2.80 points, or -23.26%, in 17 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 13.20 and resistance is at 14.51. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.
Daily Technical Indicators: [See FTI daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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