FORTIVE CORP (FTV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FTV - US34959J1088 - Common Stock
Taking everything into account, FTV scores 5 out of 10 in our technical rating. FTV has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
FTV has an average technical rating and it also 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.
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46.07
When analyzing the support we can see 3 important areas.
- A support zone ranging from 53.05 to 53.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.42 to 50.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 46.54 to 46.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 55.11 to 56.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @76.55 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 | NEUTRAL | NEUTRAL | The short term trend for FTV is neutral. |
| ChartMill Relative Strength | 22.74 | NEGATIVE | FTV has a low relative strength, it was outperformed by 77.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FTV is below 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) | 48.28 | NEUTRAL | The RSI value for FTV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests FTV has a negative trend. |
| Stochastics (14,3) | 51.32 | NEUTRAL | The Stochastics value for FTV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for FTV suggests low volalility. |
| Average Directional Index/ADX (14) | 42.77 | POSITIVE | The high ADX value value for FTV suggests a strong trend. |
54.14
-1.31 (-2.36%)
FORTIVE CORP / FTV FAQ
Can you provide the ChartMill technical rating for FORTIVE CORP?
ChartMill assigns a technical rating of 5 / 10 to FTV.
What is the current trend direction of FORTIVE CORP (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 48.2809. 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 -0.263878, indicating a bearish trend.
What is the support and resistance level for FTV stock?
FORTIVE CORP (FTV) has a support level at 53.53 and a resistance level at 55.11. Check the full technical report for our detailed analysis of FTV support and resistance levels.