FORTIVE CORP (FTV) Stock Technical Analysis
NYSE:FTV - New York Stock Exchange, Inc. - US34959J1088 - Common Stock - Currency: USD
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, FTV is a bad performer in the overall market: 94% of all stocks are doing better.
FTV is part of the Machinery industry. There are 128 other stocks in this industry, of which 90% are performing better than FTV.
FTV is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month FTV has a been trading in the 46.34 - 53.50 range, which is quite wide. It is currently trading near the lows of this range.
FTV has an average volume of 3938090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
FTV has a poor technical rating and the quality of the setup is also only medium 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
47.11
79.99
When analyzing the resistance we notice 6 important areas.
- Resistance @51.53 from a horizontal line in the daily time frame.
- Resistance @68.07 from a trend line in the daily time frame.
- Resistance @71.09 from a trend line in the daily time frame.
- Resistance @73.74 from a horizontal line in the daily time frame.
- Resistance @75.97 from a horizontal line in the daily time frame.
- A resistance zone ranging from 78.70 to 79.20. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for FTV is down. |
| ChartMill Relative Strength | 6.3 | NEGATIVE | FTV has a low relative strength, it was outperformed by 93.7% 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) | 28.48 | OVERSOLD | The low RSI value suggests FTV may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests FTV has a positive trend. |
| Stochastics (14,3) | 21.36 | NEUTRAL | The Stochastics value for FTV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for FTV suggests some volalility. |
| Average Directional Index/ADX (14) | 45.68 | POSITIVE | The high ADX value value for FTV suggests a strong 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)
47.59
-0.81 (-1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.67%
1 Week-4.15%
2 Weeks-6.89%
1 Month-10.19%
3 Month-32.52%
6 Month-39.83%
12 Month-30.91%
2 Year-39.64%
3 Year-24.85%
5 Year-34%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.35
ATR(20)%2.58%
ATR Inc12.66%
Range Today1.2
ADR(20)1.13
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.3
Mansfield-3.87
10 Day High52.86
10 Day Low46.35
20 Day High53.5
20 Day Low46.35
52 Week High83.32
52 Week Low46.35
CS1 EndN/A
CR1 Start51.53
Volume & EV
DER(3)0.49%
DER(5)2.07%
Volume5.50M
Volume Incr42.43%
Vol(5)5.80M
Vol(50)3.94M