TECHNIPFMC PLC (FTI)

GB00BDSFG982 - Common Stock

24.98  +0.27 (+1.09%)

After market: 24.98 0 (0%)

Technical Rating and Analysis

6

Overall FTI gets a technical rating of 6 out of 10. In the last year, FTI was one of the better performers, but we do observe some doubts in the very recent evolution.

FTI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
When comparing the yearly performance of all stocks, we notice that FTI is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by FTI over the past year are nicely spread over this period.
FTI is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 85% of 65 stocks in the same industry.
FTI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FTI is lagging the market slightly.
FTI has an average volume of 3384050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Weekly and Daily overview Charts
FTI Weekly chart
FTI Daily chart
Setup Rating and Analysis

8

FTI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 24.98, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

18.82

27.22

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 24.25 to 24.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 21.41 to 21.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 19.01 to 19.14. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 26.93 to 26.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.96
Mansfield0.19
10 Day High25.21
10 Day Low23.94
20 Day High26.45
20 Day Low23.88
52 Week High27.3
52 Week Low14.92
Performance
1 Week2.04%
2 Weeks2.5%
1 Month-1.61%
3 Month-1.19%
6 Month23.42%
12 Month69.13%
2 Year271.17%
3 Year176.02%
5 Year-3.7%
10 Year-59.1%
15 Year32.94%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)48.37
LBB24.05
UBB25.04
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
25.2224.240.98 (3.87%)25.00%
An entry @25.21. This is a Buy Stop order right above the 10 day high.An exit @24.24. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.98 points, which is 3.87%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.97%.

  • The distance between exit and entry is rather small compared to the average daily movement of FTI. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FTI Daily chart

TECHNIPFMC PLC

NYSE:FTI (6/21/2024, 7:04:00 PM)

After market: 24.98 0 (0%)

24.98

+0.27 (+1.09%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg1.09%
1 Week2.04%
2 Weeks2.5%
1 Month-1.61%
3 Month-1.19%
6 Month23.42%
12 Month69.13%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.65
ATR(20)%2.45%
ATR Inc
Range Today0.53
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High25.21
10 Day Low23.94
20 Day High26.45
20 Day Low23.88
52 Week High27.3
52 Week Low14.92
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume5.27M
Volume Incr5.68%
Vol(5)3.45M
Vol(50)3.38M