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Archive
- 5/8/2026 -
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Fortive Corp (FTV) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Fortive Corp (FTV). During the week, the FTV gained 1.40 points, or 2.37%, and closed at 60.43 on Friday, May 8, 2026. Weekly volume was -14% below average.
 Long-term trend: [See FTV long-term trend chart]
A long-term downtrend had started on March 22, 2024 at 87.10 and reached 46.34 on August 11, 2025. FTV lost 40.76 points, or 46.80%, in 72 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 31.76 and resistance is at 78.26. 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See FTV medium-term trend chart]
A medium-term uptrend had started on March 30, 2026 at 53.48 and reached 62.81 on April 30, 2026. FTV gained -9.33 points, or -17.45%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 59.95 and resistance is at 60.85. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See FTV 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 September 26, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See FTV short-term trend chart]
A short-term downtrend had started on April 30, 2026 at 62.81 and reached 58.50 on May 1, 2026. FTV lost 4.31 points, or 6.86%, in 1 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 60.33 and resistance is at 60.85. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.
 Daily Technical Indicators: [See FTV daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 29, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 5.3% on Friday. It is 58.66% lower than one year average. It indicates the period of low 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.
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