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Downtrend Broken Resist.Archive
- 9/22/2023 -
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Fortive Corp (FTV) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Fortive Corp (FTV). During the week, the FTV dropped -1.71 points, or -2.25%, and closed at 74.28 on Friday, September 22, 2023. Weekly volume was -31% below average.
 Long-term trend: [See FTV long-term trend chart]
A long-term downtrend had started on April 24, 2019 at 89.48 and reached 37.31 on March 18, 2020. FTV lost 52.17 points, or 58.30%, in 47 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (60.24) 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 long-term trend.
 Medium-term trend: [See FTV medium-term trend chart]
A medium-term uptrend had started on July 14, 2022 at 52.47 and reached 79.90 on August 10, 2023. FTV gained -27.43 points, or -52.28%, in 56 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (68.20) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 technical indicators are neutral.
The weekly MACD line is above its signal line since June 9, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 August 10, 2023 at 79.90 and reached 73.77 on September 22, 2023. FTV lost 6.13 points, or 7.67%, in 43 days. The price is now at the 8.32% retracement level.
 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 August 14, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
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