TECHNIPFMC PLC (FTI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FTI - GB00BDSFG982 - Common Stock
Taking everything into account, FTI scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, FTI has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, FTI did better than 93% of all other 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 90% of 61 stocks in the same industry.
- FTI is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month FTI has a been trading in the 44.50 - 56.93 range, which is quite wide. It is currently trading near the high of this range.
- FTI has an average volume of 3008060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although FTI has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
34.60
We found 4 important support areas.
- A support zone ranging from 47.61 to 48.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.94 to 42.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.86 from a trend line in the weekly time frame.
- A support zone ranging from 34.95 to 35.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | UP | POSITIVE | The long term trend for FTI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTI is up. |
| ChartMill Relative Strength | 93.8 | POSITIVE | FTI has a high relative strength, it outperformed 93.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FTI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FTI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 81.47 | OVERBOUGHT | The high RSI value suggests FTI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests FTI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.43 | OVERBOUGHT | The high Stochastics value suggests FTI may be overbought. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for FTI suggests some volalility. |
| Average Directional Index/ADX (14) | 49.69 | POSITIVE | The high ADX value value for FTI suggests a strong trend. |
55.92
+0.67 (+1.21%)
TECHNIPFMC PLC / FTI FAQ
Can you provide the ChartMill technical rating for TECHNIPFMC PLC?
ChartMill assigns a technical rating of 10 / 10 to FTI.
What is the current trend direction of TECHNIPFMC PLC (FTI) stock?
The current trend direction for TECHNIPFMC PLC (FTI) is Bullish.
Can you provide the RSI signal for TECHNIPFMC PLC?
TECHNIPFMC PLC (FTI) has an RSI value of 81.4671. This indicates that the stock is currently overbought.
What is the buy/sell signal for FTI stock?
The buy/sell signal for TECHNIPFMC PLC (FTI) is buy as both the short term and long term trends are positive.
What is the support and resistance level for FTI stock?
TECHNIPFMC PLC (FTI) has a support level at 48.29. Check the full technical report for our detailed analysis of FTI support and resistance levels.