Fluor Corp. (New)
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|It was a first positive week for the Fluor Corp. (New) (FLR). During the week, the FLR gained 1.73 points, or 3.08%, and closed at 57.84 on Friday, September 14, 2018. Weekly volume was -44% below average. |
Long-term trend: [See FLR long-term trend chart]
A long-term downtrend had started on January 24, 2018 at 62.09 and reached 43.86 on May 7, 2018. FLR lost 18.23 points, or 29.36%, in 14 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 29.42 and resistance is at 62.06. 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.
Medium-term trend: [See FLR medium-term trend chart]
A medium-term uptrend had started on May 7, 2018 at 43.86 and reached 58.94 on August 28, 2018. FLR gained -15.08 points, or -34.38%, in 16 weeks. The price is now at the 7.29% retracement level.
Weekly Technical Indicators: [See FLR weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since August 3, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See FLR short-term trend chart]
A short-term downtrend had started on August 28, 2018 at 58.94 and reached 55.64 on September 7, 2018. FLR lost 3.30 points, or 5.60%, in 10 days. The price is now at the 66.67% retracement level.
Daily Technical Indicators: [See FLR daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since August 29, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
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 4.43% on Friday. It is 65.25% 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.