The Greedy Trader Weekly Analysis
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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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- 3/13/2026 -
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Fortive Corp (FTV) Technical Analysis

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Summary:
Weekly :
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldPrice has crossed below the 50 Day Moving AverageThe price touches the lower Bollinger Band
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It was the negative week for the Fortive Corp (FTV). During the week, the FTV dropped -3.12 points, or -5.44%, and closed at 54.27 on Friday, March 13, 2026. Weekly volume was 7% above average.

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 34.80 and resistance is at 78.91. 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 uptrend had started on August 11, 2025 at 46.34 and reached 62.42 on February 11, 2026. FTV gained -16.08 points, or -34.70%, in 26 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 51.13 and resistance is at 59.85. 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 medium-term trend.

Weekly Technical Indicators: [See FTV weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since September 26, 2025. This is an indication that the medium-term trend is up. 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 February 26, 2026 at 60.37 and reached 54.01 on March 13, 2026. FTV lost 6.36 points, or 10.54%, in 15 days. Price is near the trend low.

Daily Technical Indicators: [See FTV daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since February 27, 2026. This is an indication that the short-term trend is down.

The price touches the lower Bollinger Band. 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 34.17
Williams' Percentage Range (W%R) 92.10
Strong Oversold
Lane's Stochastic (%D-Slow) 13.65
Oversold
Greed/Fear Indicator (GFI) 18.56
Oversold
Moving Average Converg./Diverg. (MACD) 0.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.15
Williams' Percentage Range (W%R) 57.90
Lane's Stochastic (%D-Slow) 55.06
Greed/Fear Indicator (GFI) 48.68
Moving Average Converg./Diverg. (MACD) -0.33
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 59.85
Upper Bollinger Band 59.56
Parabolic System 58.23
Weekly Stochastic Crossing 57.40
20 Day Moving Average 57.40
50 Day Moving Average 56.35
Daily Stochastic Crossing 54.55
Price 54.27
Lower Bollinger Band 54.21
Quarterly Trendline Support 51.13
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Industrial Machinery 64
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 60.37
High Date 02/26/2026
Low 54.01
Low Date 03/13/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 60.37
High Date 02/26/2026
Low 54.01
Low Date 03/13/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.42
High Date 02/11/2026
Low 54.01
Low Date 03/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 59.85
Support 51.13
Low 46.34
Low Date 08/11/2025
High 62.42
High Date 02/11/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 78.91
Support 34.80
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.