FORTIVE CORP (FTV) Technical Analysis
NYSE:FTV • US34959J1088
Current stock price
FTV Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to FTV. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, FTV is a bad performer.
- 68% of all other stocks performed better in the past year than FTV.
- FTV is one of the lesser performing stocks in the Machinery industry. 67% of 131 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- In the last month FTV has a been trading in the 53.48 - 61.74 range, which is quite wide. It is currently trading near the high of this range.
- FTV has an average volume of 3464680 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.
FTV Weekly and Daily overview Charts
FTV Setup Rating and Analysis
FTV has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
FTV Support and Resistance Analysis
49.64
When analyzing the support we can see 3 important areas.
- A support zone ranging from 57.26 to 57.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.70 to 54.94. 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.
We can see 2 important resistance areas.
- Resistance @60.87 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 61.92 to 61.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
FTV Technical Indicator Signal Analysis
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 | 32.8 | NEUTRAL | FTV is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of FTV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.18 | NEUTRAL | The RSI value for FTV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests FTV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.64 | OVERBOUGHT | The high Stochastics value suggests FTV may be overbought. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for FTV suggests some volalility. |
| Average Directional Index/ADX (14) | 23.33 | NEUTRAL | The ADX value for FTV suggests a possible start of a new trend. |
FTV Chart- and CandleStick Pattern Analysis
FTV Technicals: Chart, Performance Metrics, Trend & Indicators
60.86
-0.17 (-0.28%)
FORTIVE CORP / FTV TA 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.
What is the RSI signal for FTV stock?
FORTIVE CORP (FTV) has an RSI value of 65.1832. This indicates that the stock is currently neutral.
What is the buy/sell signal for FORTIVE CORP (FTV) stock?
The buy/sell signal for FORTIVE CORP (FTV) is buy as both the short term and long term trends are positive.
What is the support and resistance level for FTV stock?
FORTIVE CORP (FTV) has a support level at 57.89 and a resistance level at 60.87. Check the full technical report for our detailed analysis of FTV support and resistance levels.