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Downtrend Broken Resistance

Downtrend Broken 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. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 1/23/2026 -
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Fortive Corp (FTV) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
Daily :The price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Fortive Corp (FTV). During the week, the FTV gave back -0.37 points, or -0.67%, and closed at 54.59 on Friday, January 23, 2026. FTV was trading at average weekly trading volume.

FTV is a member of Industrials Sector. Industrials 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 FTV long-term trend chart]
A long-term downtrend had started on March 22, 2024 at 87.10 and reached 46.34 on August 11, 2025. FTV lost 40.76 points, or 46.80%, in 72 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 37.45 and resistance is at 79.47. 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 FTV medium-term trend chart]
A medium-term downtrend had started on February 20, 2025 at 83.32 and reached 46.34 on August 11, 2025. FTV lost 36.98 points, or 44.38%, in 24 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (29.69) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See FTV weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 26, 2025. Use the following link to access a MACD help.

Short-term trend: [See FTV short-term trend chart]
A short-term downtrend had started on January 15, 2026 at 56.03 and reached 52.63 on January 20, 2026. FTV lost 3.40 points, or 6.07%, in 5 days. The price is now at the 57.65% retracement level.

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

The daily MACD line is below its signal line since December 18, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 5.79% on Friday. It is 55.50% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.02
Williams' Percentage Range (W%R) 44.70
Lane's Stochastic (%D-Slow) 46.71
Greed/Fear Indicator (GFI) 49.69
Moving Average Converg./Diverg. (MACD) 0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.29
Overbought
Williams' Percentage Range (W%R) 16.50
Overbought
Lane's Stochastic (%D-Slow) 83.95
Overbought
Greed/Fear Indicator (GFI) 74.93
Moving Average Converg./Diverg. (MACD) -2.12
Trading Signals
Description Value Chart
Upper Bollinger Band 56.30
Parabolic System 55.88
Weekly Stochastic Crossing 55.55
20 Day Moving Average 55.02
Price 54.59
Daily Stochastic Crossing 54.11
50 Day Moving Average 54.02
Lower Bollinger Band 53.14
Quarterly Trendline Resistance 48.04
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Industrial Machinery 103
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 56.03
High Date 01/15/2026
Low 52.63
Low Date 01/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 56.19
High Date 12/30/2025
Low 52.63
Low Date 01/20/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.34
Low Date 08/11/2025
High 56.19
High Date 12/30/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 48.04
Support 29.69
High 83.32
High Date 02/20/2025
Low 46.34
Low Date 08/11/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 79.47
Support 37.45
High 87.10
High Date 03/22/2024
Low 46.34
Low Date 08/11/2025
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.