Fluor Corp. (New)
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|It was a third consecutive positive week for the Fluor Corp. (New) (FLR). During the week, the FLR climbed 0.01 points, or 0.02%, and closed at 55.66 on Friday, August 10, 2018. Weekly volume was -12% below average. |
FLR is a member of Services Sector. Services 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 FLR long-term trend chart]
A long-term downtrend had started on January 24, 2018 at 62.09 and reached 43.86 on May 7, 2018. FLR lost 18.23 points, or 29.36%, in 14 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 33.23 and resistance is at 62.07. 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.
Medium-term trend: [See FLR medium-term trend chart]
A medium-term uptrend had started on May 7, 2018 at 43.86 and reached 57.05 on August 6, 2018. FLR gained -13.19 points, or -30.07%, in 13 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (49.79) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a medium-term trend.
Weekly Technical Indicators: [See FLR weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
Short-term trend: [See FLR short-term trend chart]
A short-term uptrend had started on July 23, 2018 at 48.50 and reached 57.05 on August 6, 2018. FLR gained -8.55 points, or -17.63%, in 14 days. The price is now at the 16.26% retracement level.
Daily Technical Indicators: [See FLR daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since May 18, 2018. This is an indication that the short-term trend is up.