|
Uptrend ExhaustionArchive - 3/15/2024 - Sign In to see current Signals. |
FMC Corp. (FMC) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a fifth consecutive positive week for the FMC Corp. (FMC). During the week, the FMC gained 2.36 points, or 3.76%, and closed at 65.05 on Friday, March 15, 2024. Weekly volume was 24% above average. FMC is a member of Materials Sector. Materials 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 FMC long-term trend chart] A long-term downtrend had started on April 20, 2022 at 140.99 and reached 49.50 on November 10, 2023. FMC lost 91.49 points, or 64.89%, in 81 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 37.13 and resistance is at 120.87. 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 FMC medium-term trend chart] A medium-term uptrend had started on November 10, 2023 at 49.50 and reached 67.08 on March 13, 2024. FMC gained -17.58 points, or -35.52%, in 17 weeks. The price is now at the 11.55% retracement level. Weekly Technical Indicators: [See FMC weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively 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 FMC short-term trend chart] A short-term uptrend had started on February 21, 2024 at 50.03 and reached 67.08 on March 13, 2024. FMC gained -17.05 points, or -34.08%, in 21 days. The price is now at the 11.91% retracement level. Daily Technical Indicators: [See FMC daily technical indicators chart] Daily Relative Strength Index and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index 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 Relative Strength Index help. The daily MACD line is above its signal line since February 26, 2024. This is an indication that the short-term trend is up. During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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. Candlestick pattern: [See FMC candlestick chart pattern] On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
| |
|
|