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Advanced TA SearchArchive
- 5/3/2024 -
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Fortive Corp (FTV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 4 consecutive negative weeks for the Fortive Corp (FTV). During the week, the FTV climbed 0.11 points, or 0.14%, and closed at 76.08 on Friday, May 3, 2024. It was the best weekly gain since March 28, 2024. Weekly volume was 12% above average.
 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 Symmetric Triangle chart pattern. The uptrend support line (89.30) 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 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See FTV weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 19, 2024. This is an indication that the medium-term trend is down. 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 March 28, 2024 at 86.21 and reached 72.52 on April 24, 2024. FTV lost 13.69 points, or 15.88%, in 27 days. Price is near the Fibonacci 23.6% retracement level.
Daily Technical Indicators: [See FTV daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since February 27, 2024. This is an indication that the short-term trend is down.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
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