The Greedy Trader Weekly Analysis
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Daily W%R:< 10
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Williams' Percentage Range (W%R)

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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- 4/5/2024 -
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FMC Technologies Inc. (FTI) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are strongly overboughtTrend resistance at 26.86
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
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It was a first positive week for the FMC Technologies Inc. (FTI). During the week, the FTI gained 1.82 points, or 7.25%, and closed at 26.93 on Friday, April 5, 2024. Weekly volume was -19% below average.

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 27.16 on April 5, 2024. FTI gained -21.68 points, or -395.62%, in 90 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (26.86). 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 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 27.16 on April 5, 2024. FTI gained -8.83 points, or -48.17%, in 12 weeks. Price is near the trend high.

Weekly Technical Indicators: [See FTI weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 and 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. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 27.16 on April 5, 2024. FTI gained -8.62 points, or -46.49%, in 60 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 25.89 and resistance is at 27.53. 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 short-term trend.

Daily Technical Indicators: [See FTI daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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 link to access 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. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.17
Bearish
Williams' Percentage Range (W%R) 7.60
Strong Overbought
Lane's Stochastic (%D-Slow) 87.43
Overbought Bearish
Greed/Fear Indicator (GFI) 86.32
Overbought
Moving Average Converg./Diverg. (MACD) 1.22 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.96
Williams' Percentage Range (W%R) 4.60
Strong Overbought
Lane's Stochastic (%D-Slow) 91.32
Strong Overbought
Greed/Fear Indicator (GFI) 86.15
Overbought
Moving Average Converg./Diverg. (MACD) 0.97
Trading Signals
Description Value Chart
Upper Bollinger Band 27.62
Weekly Trendline Resistance 27.53
Price 26.93
Daily Stochastic Crossing 26.89
Quarterly Trendline Resistance 26.86
Weekly Stochastic Crossing 26.70
Parabolic System 26.01
Weekly Trendline Support 25.89
20 Day Moving Average 24.83
50 Day Moving Average 22.15
Lower Bollinger Band 22.02
Quarterly Trendline Support 21.82
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Oil & Gas Equipment & Services 90
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 24.79
Low Date 03/27/2024
High 27.16
High Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 27.53
Support 25.89
Low 18.54
Low Date 02/05/2024
High 27.16
High Date 04/05/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.33
Low Date 01/10/2024
High 27.16
High Date 04/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 26.86
Support 21.82
Low 5.48
Low Date 07/14/2022
High 27.16
High Date 04/05/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4.49
Low Date 03/18/2020
High 27.16
High Date 04/05/2024
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.