The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 50.0% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/26/2024 -
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Fortive Corp (FTV) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineWeekly  MACD line has moved below its signal lineBroken trend support line
Daily :Relative Strength Index is oversoldStochastic has raised above the signal lineRelative Strength Index and Lane's Stochastic bullish divergencePrice is near the Fibonacci 38.2% retracement level
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It was the negative week for the Fortive Corp (FTV). During the week, the FTV dropped -3.52 points, or -4.43%, and closed at 75.97 on Friday, April 26, 2024. Weekly volume was 49% above 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 uptrend had started on October 25, 2023 at 63.05 and reached 87.10 on March 22, 2024. FTV gained -24.05 points, or -38.14%, in 21 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (79.81) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FTV may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.

Medium-term trend: [See FTV medium-term trend chart]
A medium-term downtrend had started on March 22, 2024 at 87.10 and reached 72.52 on April 24, 2024. FTV lost 14.58 points, or 16.74%, in 4 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (77.83) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 medium-term trend.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See FTV short-term trend chart]
A short-term downtrend had started on April 23, 2024 at 81.15 and reached 72.52 on April 24, 2024. FTV lost 8.63 points, or 10.63%, in 1 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See FTV daily technical indicators chart]
Daily Relative Strength Index is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Relative Strength Index help.

The daily MACD line is below its signal line since February 27, 2024. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 14.16
Oversold Bullish
Williams' Percentage Range (W%R) 73.90
Lane's Stochastic (%D-Slow) 30.90
Bullish
Greed/Fear Indicator (GFI) 23.72
Moving Average Converg./Diverg. (MACD) -1.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.97
Williams' Percentage Range (W%R) 58.40
Lane's Stochastic (%D-Slow) 45.65
Greed/Fear Indicator (GFI) 44.83
Moving Average Converg./Diverg. (MACD) 3.10
Trading Signals
Description Value Chart
Upper Bollinger Band 86.58
50 Day Moving Average 83.80
20 Day Moving Average 81.58
Weekly Trendline Resistance 80.51
Monthly Trendline Support 79.81
Weekly Trendline Support 77.83
Weekly Stochastic Crossing 77.63
Parabolic System 76.98
Price 75.97
Daily Stochastic Crossing 75.38
Lower Bollinger Band 75.11
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Industrial Machinery 88
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 81.15
High Date 04/23/2024
Low 72.52
Low Date 04/24/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 80.51
Support 77.83
High 87.10
High Date 03/22/2024
Low 72.52
Low Date 04/24/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 91.74
Support 79.81
Low 63.05
Low Date 10/25/2023
High 87.10
High Date 03/22/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 52.47
Low Date 07/14/2022
High 87.10
High Date 03/22/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.31
Low Date 03/18/2020
High 87.10
High Date 03/22/2024
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.