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Daily RSI Divergence:Bullish
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Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

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- 3/15/2024 -
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FMC Technologies Inc. (FTI) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtTrend resistance at 24.22
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceBearish Deliberation CandlestickThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week for the FMC Technologies Inc. (FTI). During the week, the FTI gained 2.53 points, or 11.49%, and closed at 24.55 on Friday, March 15, 2024. FTI was trading at average weekly trading volume.

FTI is a member of Energy Sector. Energy 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 FTI long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 5.48 and reached 24.74 on March 15, 2024. FTI gained -19.26 points, or -351.46%, in 87 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 21.28 and resistance is at 26.31. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See FTI medium-term trend chart]
A medium-term uptrend had started on January 10, 2024 at 18.33 and reached 24.74 on March 15, 2024. FTI gained -6.41 points, or -34.97%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (24.22). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See FTI weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since March 1, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See FTI short-term trend chart]
A short-term uptrend had started on February 5, 2024 at 18.54 and reached 24.74 on March 15, 2024. FTI gained -6.20 points, or -33.44%, in 39 days. Price is near the trend high.

Daily Technical Indicators: [See FTI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since February 14, 2024. This is an indication that the short-term trend is up.

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 price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Candlestick pattern: [See FTI candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.09
Bearish
Williams' Percentage Range (W%R) 12.60
Overbought
Lane's Stochastic (%D-Slow) 80.52
Overbought Bearish
Greed/Fear Indicator (GFI) 79.99
Moving Average Converg./Diverg. (MACD) 0.73 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.87
Williams' Percentage Range (W%R) 10.40
Overbought
Lane's Stochastic (%D-Slow) 75.77
Greed/Fear Indicator (GFI) 75.99
Moving Average Converg./Diverg. (MACD) 0.69
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 26.31
Price 24.55
Daily Stochastic Crossing 24.28
Upper Bollinger Band 24.28
Monthly Trendline Resistance 24.22
Weekly Stochastic Crossing 23.81
20 Day Moving Average 21.94
Parabolic System 21.65
Quarterly Trendline Support 21.28
50 Day Moving Average 20.35
Lower Bollinger Band 19.72
Sector and Industry
Description Name Rank
Sector Energy 9
Industry Oil & Gas Equipment & Services 27
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 21.36
Low Date 03/06/2024
High 24.74
High Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.54
Low Date 02/05/2024
High 24.74
High Date 03/15/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 24.22
Support 19.03
Low 18.33
Low Date 01/10/2024
High 24.74
High Date 03/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 26.31
Support 21.28
Low 5.48
Low Date 07/14/2022
High 24.74
High Date 03/15/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4.49
Low Date 03/18/2020
High 24.74
High Date 03/15/2024
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.