FORTIVE CORP (FTV) Stock Technical Analysis
NYSE:FTV - New York Stock Exchange, Inc. - US34959J1088 - Common Stock - Currency: USD
Overall FTV gets a technical rating of 1 out of 10. FTV scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
71% of all other stocks performed better in the past year than FTV.
FTV has an average volume of 3189310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FTV is an average performer in the Machinery industry, it outperforms 43% of 128 stocks in the same industry.
FTV is currently trading in the middle 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 slightly.
In the last month FTV has a been trading in the 64.99 - 74.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
61.95
80.57
2 important support areas can be observed.
- A support zone ranging from 64.13 to 65.03. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @62.58 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 70.23 to 74.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @75.97 from a horizontal line in the daily time frame.
- A resistance zone ranging from 79.20 to 79.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for FTV is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FTV is neutral. |
| ChartMill Relative Strength | 29.11 | NEGATIVE | FTV has a low relative strength, it was outperformed by 70.89% 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) | DOWN | MIXED | The current price of FTV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of FTV is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.11 | NEUTRAL | The RSI value for FTV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests FTV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.99 | NEUTRAL | The Stochastics value for FTV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for FTV suggests some volalility. |
| Average Directional Index/ADX (14) | 19.31 | NEGATIVE | The low ADX value for FTV suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
70.15
+0.05 (+0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.07%
1 Week-3.21%
2 Weeks0.46%
1 Month1.78%
3 Month-12.35%
6 Month-10.55%
12 Month-7.56%
2 Year7.74%
3 Year13.57%
5 Year15.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.47
ATR(20)%2.36%
ATR Inc-18.92%
Range Today0.92
ADR(20)1.32
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.11
Mansfield-0.77
10 Day High74.67
10 Day Low69.77
20 Day High74.67
20 Day Low64.99
52 Week High83.32
52 Week Low60.39
CS1 End65.03
CR1 Start70.23
Volume & EV
DER(3)0.25%
DER(5)2.27%
Volume2.47M
Volume Incr-0.99%
Vol(5)3.33M
Vol(50)3.19M