The Greedy Trader Weekly Analysis
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Daily D%-Slow:< 10
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Lane's Stochastic (%D-Slow)
The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.
Stochastic oscillator - undervalued stocks and overbought oversold oscillator.
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Lane's Stochastic Divergence - Bullish Divergence and Bearish Divergence.
Lane's Stochastic Divergence,Bullish Divergence,Bearish Divergence
Stochastic oscillator - Lane's Stochastic crossover as stocks trading alerts. Technical investment analysis - technical analysis stock stochastic screening, slow stochastic and fast stochastic, bullish and bearish stock market technical indicator.
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Fortive Corp (FTV)

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Summary:
Weekly :Overbought sectorStochastic signal line moved above oversold area
Daily :Relative Strength Index is overboughtPrice has crossed above the 50 Day Moving Average
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It was a third positive week after 4 consecutive negative weeks for the Fortive Corp (FTV). During the week, the FTV climbed 0.37 points, or 0.52%, and closed at 71.32 on Friday, November 20, 2020. Weekly volume was -37% below average.

FTV is a member of Industrials Sector. Industrials 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 FTV long-term trend chart]
A long-term downtrend had started on April 24, 2019 at 89.48 and reached 37.31 on March 18, 2020. FTV lost 52.17 points, or 58.30%, in 47 weeks. The price is now at the 65.19% retracement level.

Medium-term trend: [See FTV medium-term trend chart]
A medium-term downtrend had started on October 8, 2020 at 82.12 and reached 60.82 on October 29, 2020. FTV lost 21.30 points, or 25.94%, in 3 weeks. The price is now at the 49.30% retracement level.

Weekly Technical Indicators: [See FTV weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly 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 weekly MACD line is below its signal line since October 16, 2020. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See FTV short-term trend chart]
A short-term uptrend had started on October 29, 2020 at 60.82 and reached 74.25 on November 9, 2020. FTV gained -13.43 points, or -22.08%, in 11 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 75.31 and resistance is at 70.67. 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 short-term trend.

Daily Technical Indicators: [See FTV daily technical indicators chart]
Daily Relative Strength Index is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since November 3, 2020. This is an indication that the short-term trend is up.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.44
Overbought
Williams' Percentage Range (W%R) 20.00
Lane's Stochastic (%D-Slow) 63.87
Greed/Fear Indicator (GFI) 74.76
Moving Average Converg./Diverg. (MACD) 0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.14
Williams' Percentage Range (W%R) 49.60
Lane's Stochastic (%D-Slow) 24.96
Greed/Fear Indicator (GFI) 41.91
Moving Average Converg./Diverg. (MACD) 0.91
Trading Signals
Description Value Chart
Upper Bollinger Band 76.68
Weekly Trendline Support 75.31
Price 71.32
Daily Stochastic Crossing 70.93
50 Day Moving Average 70.75
Weekly Trendline Resistance 70.67
Parabolic System 69.85
20 Day Moving Average 67.56
Weekly Stochastic Crossing 67.28
Lower Bollinger Band 62.06
Sector and Industry
Description Name Rank
Sector Industrials 10
Industry Industrial Machinery 96
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 72.26
High Date 11/16/2020
Low 69.82
Low Date 11/19/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 70.67
Support 75.31
Low 60.82
Low Date 10/29/2020
High 74.25
High Date 11/09/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 82.12
High Date 10/08/2020
Low 60.82
Low Date 10/29/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.31
Low Date 03/18/2020
High 82.12
High Date 10/08/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 89.48
High Date 04/24/2019
Low 37.31
Low Date 03/18/2020
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.

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