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Downtrend Broken Resist.Archive
- 7/19/2024 -
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Fortive Corp (FTV) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | During the week, the FTV has not change and closed at 75.59 on Friday, July 19, 2024. Weekly volume was -15% below average.
 Long-term trend: [See FTV long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 52.47 and reached 87.10 on March 22, 2024. FTV gained -34.63 points, or -66.00%, in 88 weeks. The price is now at the 33.24% retracement level.
 Medium-term trend: [See FTV medium-term trend chart]
A medium-term downtrend had started on March 22, 2024 at 87.10 and reached 71.44 on June 14, 2024. FTV lost 15.66 points, or 17.98%, in 12 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (70.75) 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 technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since April 19, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See FTV short-term trend chart]
A short-term uptrend had started on June 14, 2024 at 71.44 and reached 79.37 on July 16, 2024. FTV gained -7.93 points, or -11.10%, in 32 days. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 71.91 and resistance is at 80.35. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See FTV daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since June 11, 2024. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (75.3) comes close to the price (75.59). It indicates that the trend is getting weaker. 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.
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