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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 5/2/2025 -
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FMC Technologies Inc. (FTI) Technical Analysis

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Summary:
Weekly :Oversold sector
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a third consecutive positive week for the FMC Technologies Inc. (FTI). During the week, the FTI gained 1.34 points, or 4.73%, and closed at 29.67 on Friday, May 2, 2025. Weekly volume was 8% above average.

FTI is a member of Energy Sector. Energy is the second 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 July 14, 2022 at 5.48 and reached 33.45 on January 10, 2025. FTI gained -27.97 points, or -510.40%, in 130 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 27.79 and resistance is at 37.13. 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 downtrend had started on January 10, 2025 at 33.45 and reached 22.12 on April 9, 2025. FTI lost 11.33 points, or 33.87%, in 12 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 20.30 and resistance is at 32.69. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge 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 February 14, 2025. 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 April 9, 2025 at 22.12 and reached 29.78 on May 2, 2025. FTI gained -7.66 points, or -34.63%, in 23 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 strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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 April 23, 2025. 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) 76.67
Williams' Percentage Range (W%R) 5.00
Strong Overbought
Lane's Stochastic (%D-Slow) 93.52
Strong Overbought
Greed/Fear Indicator (GFI) 88.41
Overbought
Moving Average Converg./Diverg. (MACD) -0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.11
Williams' Percentage Range (W%R) 35.70
Lane's Stochastic (%D-Slow) 46.39
Greed/Fear Indicator (GFI) 52.98
Moving Average Converg./Diverg. (MACD) 0.28
Trading Signals
Description Value Chart
Monthly Trendline Resistance 32.69
Upper Bollinger Band 31.30
Price 29.67
Daily Stochastic Crossing 29.40
Quarterly Trendline Support 27.79
50 Day Moving Average 27.70
20 Day Moving Average 26.20
Weekly Stochastic Crossing 26.01
Parabolic System 25.97
Lower Bollinger Band 23.73
Sector and Industry
Description Name Rank
Sector Energy 2
Industry Oil & Gas Equipment & Services 26
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 27.71
Low Date 04/30/2025
High 29.78
High Date 05/02/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.12
Low Date 04/09/2025
High 29.78
High Date 05/02/2025
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 32.69
Support 20.30
High 33.45
High Date 01/10/2025
Low 22.12
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 37.13
Support 27.79
Low 5.48
Low Date 07/14/2022
High 33.45
High Date 01/10/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4.49
Low Date 03/18/2020
High 33.45
High Date 01/10/2025
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.