The Greedy Trader Weekly Analysis
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Monthly Price vs. Fibonacci:Near 23.6% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/26/2024 -
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FMC Corp. (FMC) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic signal line moved above oversold areaThe price has risen above the Parabolic SAR
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It was a second consecutive positive week for the FMC Corp. (FMC). During the week, the FMC gained 0.64 points, or 1.11%, and closed at 58.46 on Friday, April 26, 2024. Weekly volume was -20% below 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 32.91 and resistance is at 119.64. 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 chart has formed a Rising Channel chart pattern. The trend support level is at 50.39 and resistance is at 66.88. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

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. Use the following link to access a MACD help.

Short-term trend: [See FMC short-term trend chart]
A short-term downtrend had started on March 13, 2024 at 67.08 and reached 55.38 on April 16, 2024. FMC lost 11.70 points, or 17.44%, in 34 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 52.12 and resistance is at 61.40. 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 short-term trend.

Daily Technical Indicators: [See FMC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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 daily MACD line is below its signal line since March 22, 2024. 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.96
Williams' Percentage Range (W%R) 70.50
Lane's Stochastic (%D-Slow) 54.90
Greed/Fear Indicator (GFI) 43.14
Moving Average Converg./Diverg. (MACD) -0.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.39
Williams' Percentage Range (W%R) 53.30
Lane's Stochastic (%D-Slow) 56.93
Greed/Fear Indicator (GFI) 51.67
Moving Average Converg./Diverg. (MACD) -5.08
Trading Signals
Description Value Chart
Monthly Trendline Resistance 66.88
Upper Bollinger Band 63.37
Weekly Stochastic Crossing 61.51
Weekly Trendline Resistance 61.40
50 Day Moving Average 59.21
20 Day Moving Average 59.00
Price 58.46
Daily Stochastic Crossing 57.79
Parabolic System 55.32
Lower Bollinger Band 54.53
Weekly Trendline Support 52.12
Monthly Trendline Support 50.39
Sector and Industry
Description Name Rank
Sector Materials 9
Industry Fertilizers & Agricultural Chemicals 70
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 55.38
Low Date 04/16/2024
High 59.33
High Date 04/23/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 61.40
Support 52.12
High 67.08
High Date 03/13/2024
Low 55.38
Low Date 04/16/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 66.88
Support 50.39
Low 49.50
Low Date 11/10/2023
High 67.08
High Date 03/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 134.38
High Date 12/02/2022
Low 49.50
Low Date 11/10/2023
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 119.64
Support 32.91
High 140.99
High Date 04/20/2022
Low 49.50
Low Date 11/10/2023
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.