The Greedy Trader Weekly Analysis
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Candlesticks Name: Bearish Advance Block
Number of records: 3
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- 5/3/2024 -
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FMC Technologies Inc. (FTI) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal line
Daily :
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It was the negative week for the FMC Technologies Inc. (FTI). During the week, the FTI dropped -0.63 points, or -2.37%, and closed at 25.96 on Friday, May 3, 2024. Weekly volume was -36% below average.

FTI is a member of Energy Sector. Energy 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 FTI long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 5.48 and reached 27.26 on April 10, 2024. FTI gained -21.78 points, or -397.45%, in 90 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 22.60 and resistance is at 27.64. 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 long-term trend.

Medium-term trend: [See FTI medium-term trend chart]
A medium-term uptrend had started on January 10, 2024 at 18.33 and reached 27.26 on April 10, 2024. FTI gained -8.93 points, or -48.72%, in 13 weeks. The price is now at the 14.56% retracement level.

Weekly Technical Indicators: [See FTI weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since March 1, 2024. This is an indication that the medium-term trend is up. 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 April 22, 2024 at 24.82 and reached 27.01 on April 25, 2024. FTI gained -2.19 points, or -8.82%, in 3 days. The price is now at the 47.95% retracement level.

Daily Technical Indicators: [See FTI daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since April 8, 2024.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.20
Williams' Percentage Range (W%R) 52.50
Lane's Stochastic (%D-Slow) 47.03
Greed/Fear Indicator (GFI) 50.26
Moving Average Converg./Diverg. (MACD) 0.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.05
Williams' Percentage Range (W%R) 14.30
Overbought
Lane's Stochastic (%D-Slow) 84.82
Overbought
Greed/Fear Indicator (GFI) 79.12
Moving Average Converg./Diverg. (MACD) 1.47
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 27.64
Upper Bollinger Band 26.82
Weekly Stochastic Crossing 26.26
Price 25.96
Daily Stochastic Crossing 25.94
20 Day Moving Average 25.90
Parabolic System 25.45
50 Day Moving Average 24.67
Lower Bollinger Band 24.64
Quarterly Trendline Support 22.60
Sector and Industry
Description Name Rank
Sector Energy 11
Industry Oil & Gas Equipment & Services 84
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 27.01
High Date 04/25/2024
Low 25.27
Low Date 05/01/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.82
Low Date 04/22/2024
High 27.01
High Date 04/25/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.33
Low Date 01/10/2024
High 27.26
High Date 04/10/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 27.64
Support 22.60
Low 5.48
Low Date 07/14/2022
High 27.26
High Date 04/10/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4.49
Low Date 03/18/2020
High 27.26
High Date 04/10/2024
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.