The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 6/6/2025 -
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FMC Technologies Inc. (FTI) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtOversold sectorTrend resistance at 32.46
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the FMC Technologies Inc. (FTI). During the week, the FTI gained 1.37 points, or 4.40%, and closed at 32.52 on Friday, June 6, 2025. Weekly volume was -14% below average.

FTI is a member of Energy Sector. Energy is the most oversold 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 FTI long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 5.48 and reached 33.45 on January 10, 2025. FTI gained -27.97 points, or -510.40%, in 130 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 28.50 and resistance is at 38.06. 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 FTI medium-term trend chart]
A medium-term downtrend had started on January 10, 2025 at 33.45 and reached 22.12 on April 9, 2025. FTI lost 11.33 points, or 33.87%, in 12 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (32.46). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See FTI 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. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 9, 2025. Use the following link to access a MACD help.

Short-term trend: [See FTI short-term trend chart]
A short-term uptrend had started on May 22, 2025 at 28.87 and reached 32.62 on June 6, 2025. FTI gained -3.75 points, or -12.99%, in 15 days. Price is near the trend high.

Daily Technical Indicators: [See FTI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily 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 daily 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. Use the following links to access Lane's Stochastic and Relative Strength Index help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.78
Bearish
Williams' Percentage Range (W%R) 10.30
Overbought
Lane's Stochastic (%D-Slow) 85.73
Overbought Bearish
Greed/Fear Indicator (GFI) 79.08
Moving Average Converg./Diverg. (MACD) 0.73 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.45
Williams' Percentage Range (W%R) 9.20
Strong Overbought
Lane's Stochastic (%D-Slow) 79.26
Greed/Fear Indicator (GFI) 75.98
Moving Average Converg./Diverg. (MACD) 0.27
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 38.06
Price 32.52
Monthly Trendline Resistance 32.46
Daily Stochastic Crossing 32.30
Upper Bollinger Band 32.27
20 Day Moving Average 30.97
Weekly Stochastic Crossing 30.95
Parabolic System 30.47
Lower Bollinger Band 29.18
50 Day Moving Average 28.98
Quarterly Trendline Support 28.50
Sector and Industry
Description Name Rank
Sector Energy 1
Industry Oil & Gas Equipment & Services 15
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 28.87
Low Date 05/22/2025
High 32.62
High Date 06/06/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.12
Low Date 04/09/2025
High 32.62
High Date 06/06/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 32.46
Support 17.57
High 33.45
High Date 01/10/2025
Low 22.12
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 38.06
Support 28.50
Low 5.48
Low Date 07/14/2022
High 33.45
High Date 01/10/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4.49
Low Date 03/18/2020
High 33.45
High Date 01/10/2025
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.