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Archive
- 4/25/2025 -
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Fortive Corp (FTV) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a third consecutive positive week for the Fortive Corp (FTV). During the week, the FTV gained 3.48 points, or 5.32%, and closed at 68.92 on Friday, April 25, 2025. It was the best weekly gain since January 17, 2025. Weekly volume was -9% below average.
 Long-term trend: [See FTV long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 37.31 and reached 87.10 on March 22, 2024. FTV gained -49.79 points, or -133.45%, in 209 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (70.56) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.
 Medium-term trend: [See FTV medium-term trend chart]
A medium-term downtrend had started on February 20, 2025 at 83.32 and reached 60.39 on April 9, 2025. FTV lost 22.93 points, or 27.52%, in 6 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 53.80 and resistance is at 70.61. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See FTV weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 7, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See FTV short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 60.39 and reached 69.66 on April 25, 2025. FTV gained -9.27 points, or -15.35%, in 16 days. The price is now at the 7.98% retracement level.
Daily Technical Indicators: [See FTV 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 moved above the moving average in the center of the Bollinger Bands. 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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