FORTIVE CORP (FTV) Stock Technical Analysis
USA - NYSE:FTV - US34959J1088 - Common Stock
Taking everything into account, FTV scores 4 out of 10 in our technical rating. 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.
Although the technical rating is only medium, FTV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 50.59, a Stop Loss order could be placed below this zone.
More info and screens
46.07
When analyzing the support we can see 3 important areas.
- A support zone ranging from 49.05 to 50.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @47.67 from a horizontal 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 51.24 to 51.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @59.58 from a trend line in the daily time frame.
- Resistance @77.43 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 | 20.67 | NEGATIVE | FTV has a low relative strength, it was outperformed by 79.33% 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) | 61.39 | NEUTRAL | The RSI value for FTV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests FTV has a positive trend. |
| Stochastics (14,3) | 30.33 | NEUTRAL | The Stochastics value for FTV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for FTV suggests some volalility. |
| Average Directional Index/ADX (14) | 33 | POSITIVE | The high ADX value value for FTV suggests a strong trend. |
51.23
+0.15 (+0.29%)
FORTIVE CORP / FTV FAQ
Can you provide the ChartMill technical rating for FORTIVE CORP?
ChartMill assigns a technical rating of 4 / 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 61.391. 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 0.139613, indicating a bearish trend.
Can you provide the support and resistance levels for FORTIVE CORP?
FORTIVE CORP (FTV) has a support level at 50.59 and a resistance level at 51.24. Check the full technical report for our detailed analysis of FTV support and resistance levels.