The Greedy Trader Weekly Analysis
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- 7/17/2026 -
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Fortive Corp (FTV) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :The price has fallen below the Parabolic SAR
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It was the negative week for the Fortive Corp (FTV). During the week, the FTV gave back -0.42 points, or -0.68%, and closed at 61.78 on Friday, July 17, 2026. Weekly volume was -29% below average.

FTV is a member of Industrials Sector. Industrials is the second 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 FTV long-term trend chart]
A long-term downtrend had started on March 22, 2024 at 87.10 and reached 46.34 on August 11, 2025. FTV lost 40.76 points, or 46.80%, in 72 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 28.09 and resistance is at 77.48. 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 long-term trend.

Medium-term trend: [See FTV medium-term trend chart]
A medium-term uptrend had started on March 30, 2026 at 53.48 and reached 64.34 on July 6, 2026. FTV gained -10.86 points, or -20.31%, in 14 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 61.31 and resistance is at 64.48. 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 medium-term trend.

Weekly Technical Indicators: [See FTV weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since September 26, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 May 20, 2026 at 57.38 and reached 64.34 on July 6, 2026. FTV gained -6.96 points, or -12.13%, in 47 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 60.89 and resistance is at 64.86. 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 FTV daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since July 13, 2026. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.28
Williams' Percentage Range (W%R) 50.70
Lane's Stochastic (%D-Slow) 33.70
Greed/Fear Indicator (GFI) 44.76
Moving Average Converg./Diverg. (MACD) 0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.30
Williams' Percentage Range (W%R) 21.50
Lane's Stochastic (%D-Slow) 61.94
Greed/Fear Indicator (GFI) 63.79
Moving Average Converg./Diverg. (MACD) 1.30
Trading Signals
Description Value Chart
Weekly Trendline Resistance 64.86
Monthly Trendline Resistance 64.48
Parabolic System 63.91
Upper Bollinger Band 63.16
Weekly Stochastic Crossing 61.87
Price 61.78
20 Day Moving Average 61.57
Monthly Trendline Support 61.31
Daily Stochastic Crossing 60.99
Weekly Trendline Support 60.89
50 Day Moving Average 60.63
Lower Bollinger Band 59.76
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Industrial Machinery 69
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 64.34
High Date 07/06/2026
Low 60.14
Low Date 07/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 64.86
Support 60.89
Low 57.38
Low Date 05/20/2026
High 64.34
High Date 07/06/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 64.48
Support 61.31
Low 53.48
Low Date 03/30/2026
High 64.34
High Date 07/06/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.34
Low Date 08/11/2025
High 64.34
High Date 07/06/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 77.48
Support 28.09
High 87.10
High Date 03/22/2024
Low 46.34
Low Date 08/11/2025
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.