FORTIVE CORP (FTV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FTV - US34959J1088 - Common Stock
Overall FTV gets a technical rating of 5 out of 10. In the past year, FTV was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
FTV has an average technical rating and the quality of the presented setup is also not ideal 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 4 important areas.
- A support zone ranging from 51.53 to 52.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.14 to 50.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @49.04 from a trend line in the daily time frame.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 53.76 to 53.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @77.04 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 | DOWN | NEGATIVE | The long term trend for FTV is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTV is up. |
| ChartMill Relative Strength | 24.05 | NEGATIVE | FTV has a low relative strength, it was outperformed by 75.95% 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) | 66.16 | 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) | 91.81 | OVERBOUGHT | The high Stochastics value suggests FTV may be overbought. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for FTV suggests low volalility. |
| Average Directional Index/ADX (14) | 37.49 | POSITIVE | The high ADX value value for FTV suggests a strong trend. |
53.75
+0.37 (+0.69%)
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 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 66.1592. 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 0.0957948, indicating a bearish trend.
Can you provide the support and resistance levels for FORTIVE CORP?
FORTIVE CORP (FTV) has a support level at 52.2 and a resistance level at 53.76. Check the full technical report for our detailed analysis of FTV support and resistance levels.