FORTIVE CORP (FTV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FTV - US34959J1088 - Common Stock
Taking everything into account, FTV scores 6 out of 10 in our technical rating. In the last year, FTV was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
FTV 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 resistance zone just above the current price starting at 55.70. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
46.08
We found 4 important support areas.
- A support zone ranging from 52.22 to 53.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.17 to 50.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 47.66 to 47.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.55 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 55.70 to 55.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @76.75 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for FTV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTV is up. |
| ChartMill Relative Strength | 27.16 | NEGATIVE | FTV has a low relative strength, it was outperformed by 72.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FTV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FTV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.64 | NEUTRAL | The RSI value for FTV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FTV has a negative trend. |
| Stochastics (14,3) | 88.39 | OVERBOUGHT | The high Stochastics value suggests FTV may be overbought. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for FTV suggests low volalility. |
| Average Directional Index/ADX (14) | 50.84 | POSITIVE | The high ADX value value for FTV suggests a strong trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 55.71 | 54.43 | 1.28 (2.30%) | 25.00% |
| An entry @55.71. This is a Buy Stop order right above the resistance zone. | An exit @54.43. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.28 points, which is 2.30%. | For a 0.57% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FTV. 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.
55.69
+0.23 (+0.41%)
FORTIVE CORP / FTV FAQ
Can you provide the ChartMill technical rating for FORTIVE CORP?
ChartMill assigns a technical rating of 6 / 10 to FTV.
What is the trend direction for FTV stock?
The current trend direction for FORTIVE CORP (FTV) is Bearish.
Can you provide the RSI signal for FORTIVE CORP?
FORTIVE CORP (FTV) has an RSI value of 64.6439. This indicates that the stock is currently neutral.
What is the MACD signal for FORTIVE CORP (FTV) stock?
The MACD indicator for FORTIVE CORP (FTV) has a value of -0.0227835, indicating a bearish trend.
Can you provide the support and resistance levels for FORTIVE CORP?
FORTIVE CORP (FTV) has a support level at 53.01 and a resistance level at 55.7. Check the full technical report for our detailed analysis of FTV support and resistance levels.