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Williams' Percentage Range (W%R) |
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Williams' %R is an effective momentum indicator that measures
overbought/oversold levels. Like other indicators, W%R ranges between 0% and
100% , but in opposite to the other indicators, the 0% indicating overbought and
100% - the oversold stocks. W%R measures the closing price in relation to the recent
low/high range. A bullish signal is generated when the W%R has reached 100,
five time bars have elapsed, and the W%R has subsequently fallen to 95. A
reverse signal is considered as bearish. For the sake of simplicity, the W%R
closed above 10% is considered bearish and below 90% - bullish. In trending
markets, the W%R stays at one end of the scale and gives false signals to
trade against the trend. That is why W%R is not considered a stand-along
technique, and it is essential to use it with some sort of trend formation
indicators. The divergence between price and W%R rarely occurs and presents an
important buy/sell signal. As our research shows, the W%R move to upper or lower
bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.
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Advanced TA SearchArchive
- 5/10/2024 -
Sign In to see current Signals. |
Fortive Corp (FTV) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
Move cursor over the icon to see details.
| | It was a second positive week after 4 consecutive negative weeks for the Fortive Corp (FTV). During the week, the FTV gained 0.80 points, or 1.05%, and closed at 76.88 on Friday, May 10, 2024. It was the best weekly gain since February 23, 2024. Weekly volume was -19% 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 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 (81.14) 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. The chart has formed a Falling Channel chart pattern. The trend support level is at 75.38 and resistance is at 77.83. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel 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 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 uptrend had started on April 24, 2024 at 72.52 and reached 78.08 on May 10, 2024. FTV gained -5.56 points, or -7.67%, in 16 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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.
 Candlestick pattern: [See FTV candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.
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