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Advanced TA SearchArchive
- 5/17/2024 -
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FMC Technologies Inc. (FTI) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the FMC Technologies Inc. (FTI). During the week, the FTI gave back -0.11 points, or -0.41%, and closed at 26.49 on Friday, May 17, 2024. Weekly volume was -59% below average.
FTI is a member of Energy Sector. Energy 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 FTI long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 5.48 and reached 27.30 on May 9, 2024. FTI gained -21.82 points, or -398.18%, in 95 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 22.99 and resistance is at 28.03. 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 uptrend had started on January 10, 2024 at 18.33 and reached 27.30 on May 9, 2024. FTI gained -8.97 points, or -48.94%, in 17 weeks. The price is now at the 9.03% retracement level.
 Weekly Technical Indicators: [See FTI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 March 1, 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 uptrend had started on April 22, 2024 at 24.82 and reached 27.30 on May 9, 2024. FTI gained -2.48 points, or -9.99%, in 17 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 26.04 and resistance is at 27.47. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See FTI daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 9, 2024. The distance between MACD and the signal line is low, but getting bigger.
A Parabolic SAR (stop and reversal) indicator (26.33) comes close to the price (26.49). It indicates that the trend is getting weaker. 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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