FMC CORP (FMC) Stock Technical Analysis
NYSE:FMC - New York Stock Exchange, Inc. - US3024913036 - Common Stock - Currency: USD
Taking everything into account, FMC scores 4 out of 10 in our technical rating. In the past year, FMC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
FMC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 44.06. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.03, a Stop Loss order could be placed below this zone.
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34.19
When analyzing the support we can see 2 important areas.
- A support zone ranging from 41.07 to 43.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.54 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 44.06 to 44.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for FMC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FMC is neutral. |
| ChartMill Relative Strength | 15.13 | NEGATIVE | FMC has a low relative strength, it was outperformed by 84.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FMC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FMC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FMC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.2 | NEUTRAL | The RSI value for FMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests FMC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.63 | NEUTRAL | The Stochastics value for FMC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for FMC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.16 | NEGATIVE | The low ADX value for FMC suggests a weak or negative trend. |
43.36
+1.34 (+3.19%)