FORTIVE CORP (FTV) Stock Technical Analysis
NYSE:FTV • US34959J1088
Overall FTV gets a technical rating of 7 out of 10. Although FTV is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 79% of all other stocks performed better in the past year than FTV.
- FTV is one of the lesser performing stocks in the Machinery industry. 76% of 131 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- FTV has an average volume of 3979870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- FTV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FTV is lagging the market.
- In the last month FTV has a been trading in the 52.43 - 62.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, FTV also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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46.08
When analyzing the support we can see 5 important areas.
- A support zone ranging from 56.58 to 57.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 53.75 to 54.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 52.69 to 52.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @50.14 from a horizontal line in the daily time frame.
- Support @46.55 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @60.13 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 61.54 to 61.93. 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 FTV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTV is up. |
| ChartMill Relative Strength | 21.18 | NEGATIVE | FTV has a low relative strength, it was outperformed by 78.82% 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 | MIXED | The current price of FTV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.35 | NEUTRAL | The RSI value for FTV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests FTV has a negative trend. |
| Stochastics (14,3) | 52.42 | NEUTRAL | The Stochastics value for FTV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for FTV suggests some volalility. |
| Average Directional Index/ADX (14) | 25.98 | 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 |
|---|---|---|---|
| 60.14 | 56.57 | 3.57 (5.94%) | 16.85% |
| An entry @60.14. This is a Buy Stop order right above the resistance zone. | An exit @56.57. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.57 points, which is 5.94%. | For a 1.00% total portfolio risk, you can invest 16.85% of your capital in this trade. |
- 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.
57.86
-0.47 (-0.81%)
FORTIVE CORP / FTV FAQ
Can you provide the ChartMill technical rating for FORTIVE CORP?
ChartMill assigns a technical rating of 7 / 10 to FTV.
What is the current trend direction of FORTIVE CORP (FTV) stock?
The current trend direction for FORTIVE CORP (FTV) is Bullish.
Can you provide the RSI signal for FORTIVE CORP?
FORTIVE CORP (FTV) has an RSI value of 54.3491. 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 -0.0368059, indicating a bearish trend.
What is the support and resistance level for FTV stock?
FORTIVE CORP (FTV) has a support level at 57.16 and a resistance level at 60.13. Check the full technical report for our detailed analysis of FTV support and resistance levels.