FORTIVE CORP (FTV) Technical Analysis
NYSE:FTV • US34959J1088
Current stock price
FTV Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to FTV. FTV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, FTV is a bad performer in the overall market: 81% of all stocks are doing better.
- FTV is part of the Machinery industry. There are 131 other stocks in this industry, of which 73% are performing better than FTV.
- FTV is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FTV is lagging the market.
- In the last month FTV has a been trading in the 53.73 - 60.37 range, which is quite wide. It is currently trading near the lows of this range.
- FTV has an average volume of 4128330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
FTV Weekly and Daily overview Charts
FTV Setup Rating and Analysis
The technical rating of FTV is bad and it also does not present a 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
FTV Support and Resistance Analysis
49.64
When analyzing the support we notice one important area.
- Support @50.14 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 55.60 to 56.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 57.24 to 57.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 59.81 to 60.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
FTV Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for FTV is down. |
| ChartMill Relative Strength | 19.08 | NEGATIVE | FTV has a low relative strength, it was outperformed by 80.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FTV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FTV is below a declining 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) | 35.73 | NEUTRAL | The RSI value for FTV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.59 | NEGATIVE | The MACD value suggests FTV has a negative trend. |
| Stochastics (14,3) | 4.7 | OVERSOLD | The low Stochastics value suggests FTV may be oversold. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for FTV suggests some volalility. |
| Average Directional Index/ADX (14) | 20.65 | NEUTRAL | The ADX value for FTV suggests a possible start of a new trend. |
FTV Chart- and CandleStick Pattern Analysis
FTV Technicals: Chart, Performance Metrics, Trend & Indicators
53.76
-0.51 (-0.94%)
FORTIVE CORP / FTV TA FAQ
Can you provide the ChartMill technical rating for FORTIVE CORP?
ChartMill assigns a technical rating of 0 / 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 35.73. 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 -0.586754, indicating a bearish trend.
What is the support and resistance level for FTV stock?
FORTIVE CORP (FTV) has a support level at 50.14 and a resistance level at 55.6. Check the full technical report for our detailed analysis of FTV support and resistance levels.