Fluor Corp. (New)
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|It was a second consecutive positive week for the Fluor Corp. (New) (FLR). During the week, the FLR gained 3.35 points, or 7.20%, and closed at 49.90 on Friday, May 18, 2018. It was the best weekly gain since January 19, 2018. Weekly volume was 72% above average. |
FLR is a member of Services Sector. Services is the 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 FLR long-term trend chart]
A long-term downtrend had started on January 22, 2014 at 83.93 and reached 37.04 on August 21, 2017. FLR lost 46.89 points, or 55.87%, in 186 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (35.90) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
Medium-term trend: [See FLR medium-term trend chart]
A medium-term uptrend had started on August 21, 2017 at 37.04 and reached 62.09 on January 24, 2018. FLR gained -25.05 points, or -67.63%, in 22 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (62.47) 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 medium-term trend.
Weekly Technical Indicators: [See FLR weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 23, 2018. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.
Short-term trend: [See FLR short-term trend chart]
A short-term downtrend had started on April 24, 2018 at 62.08 and reached 43.86 on May 7, 2018. FLR lost 18.22 points, or 29.35%, in 13 days. The price is now at the 33.15% retracement level.
Daily Technical Indicators: [See FLR daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since May 1, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
The distance between the Bollinger Bands is 317.44% higher then one year average. It indicates the period of high volatility of the stock price. 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.