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Downtrend Broken Resist.Archive
- 11/8/2024 -
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FMC Technologies Inc. (FTI) Technical Analysis
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| Summary:
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| | It was a first positive week for the FMC Technologies Inc. (FTI). During the week, the FTI gained 2.49 points, or 9.47%, and closed at 28.77 on Friday, November 8, 2024. It was the best weekly gain since September 20, 2024. Weekly volume was -42% below average.
 Long-term trend: [See FTI long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 5.48 and reached 29.85 on August 1, 2024. FTI gained -24.37 points, or -444.71%, in 107 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 27.38 and resistance is at 32.48. 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 long-term trend.
 Medium-term trend: [See FTI medium-term trend chart]
A medium-term downtrend had started on August 1, 2024 at 29.85 and reached 22.99 on September 11, 2024. FTI lost 6.86 points, or 22.98%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (25.65) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. FTI may retest the broken resistance line. It is considered to be a support 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 resistance line 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 August 2, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 October 23, 2024 at 24.89 and reached 28.91 on November 8, 2024. FTI gained -4.02 points, or -16.15%, in 16 days. Price is near the trend high.
 Daily Technical Indicators: [See FTI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 above its signal line since October 31, 2024. This is an indication that the short-term trend is up.
The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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