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Archive - 3/15/2024 - Sign In to see current Signals. |
FleetCor T (FLT) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the FleetCor T (FLT). During the week, the FLT climbed 1.61 points, or 0.55%, and closed at 295.64 on Friday, March 15, 2024. Weekly volume was -19% below average. FLT is a member of Information Technology Sector. Information Technology 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 FLT long-term trend chart] A long-term uptrend had started on October 21, 2022 at 161.69 and reached 299.97 on March 14, 2024. FLT gained -138.28 points, or -85.52%, in 72 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 241.66 and resistance is at 321.71. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend. Medium-term trend: [See FLT medium-term trend chart] A medium-term uptrend had started on October 30, 2023 at 220.39 and reached 299.97 on March 14, 2024. FLT gained -79.58 points, or -36.11%, in 19 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 273.65 and resistance is at 331.43. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend. Weekly Technical Indicators: [See FLT weekly technical indicators chart] Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly 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 weekly 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. 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 weekly MACD line is above its signal line since December 15, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help. Short-term trend: [See FLT short-term trend chart] A short-term downtrend had started on March 14, 2024 at 299.97 and reached 291.91 on March 15, 2024. FLT lost 8.06 points, or 2.69%, in 1 days. The price is now at the 46.28% retracement level. Daily Technical Indicators: [See FLT daily technical indicators chart] Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. The daily MACD line is above its signal line since February 28, 2024.
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