FMC Technologies Inc Stock Forecast
FMC Technologies Inc stock upgraded to Strong Buy Candidate.
(Updated on Apr 25, 2024)
The FMC Technologies Inc stock price gained 3.38% on the last trading day (Thursday, 25th Apr 2024), rising from $25.72 to $26.59. During the last trading day the stock fluctuated 4.29% from a day low at $25.90 to a day high of $27.01. The price has been going up and down for this period, and there has been a 0.87% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $221.74 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 43.87% during the next 3 months and, with a 90% probability hold a price between $37.09 and $40.99 at the end of this 3-month period.
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FTI Signals & Forecast
The FMC Technologies Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $25.61 and $25.16. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -1.34%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for FMC Technologies Inc stock
FMC Technologies Inc finds support from accumulated volume at $26.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.11 (4.29%) between high and low. For the last week, the stock has had daily average volatility of 3.09%.
Our recommended stop-loss: $25.45 (-4.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (FTI) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect FMC Technologies Inc to open at $26.50, and during the day (based on 14 day Average True Range), to move between $25.85 and $27.33, which gives a possible trading interval of +/-$0.743 (+/-2.79%) up or down from last closing price. If FMC Technologies Inc takes out the full calculated possible swing range there will be an estimated 5.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.36 (0.86%) than the resistance at $26.90 (1.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FMC Technologies Inc stock A Buy?
FMC Technologies Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.356 Strong Buy Candidate Upgraded
Predicted Opening Price for FMC Technologies Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $26.50 ( 0.338%) | $26.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FTI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.61 | 3.84 % | |
| R2 | 27.19 | 2.24 % | ||
| R1 | 26.92 | 1.26 % | ||
| Current price: | 26.59 | |||
| Support | S1 | 26.08 | -1.93 % | |
| S2 | 25.81 | -2.92 % | ||
| S3 | 25.39 | -4.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.95 | 1.35 % | |
| R2 | 26.93 | 1.28 % | ||
| R1 | 26.90 | 1.17 % | ||
| Current price | 26.59 | |||
| Support | S1 | 26.36 | -0.86% | |
| S2 | 21.97 | -17.37% | ||
| S3 | 21.52 | -19.07% |
FTI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | May 20, 2024 | Jun 05, 2024 | $0.0500 | 0.188% |
| 2 | Feb 20, 2024 | Mar 18, 2024 | Apr 03, 2024 | $0.0500 | 0.186% |
| 3 | Oct 24, 2023 | Nov 20, 2023 | Dec 06, 2023 | $0.0500 | 0.265% |
| 4 | Jul 26, 2023 | Aug 21, 2023 | Sep 06, 2023 | $0.0500 | 0.242% |
| 5 | Feb 24, 2020 | Mar 23, 2020 | Apr 08, 2020 | $0.0967 | 1.34% |
FAQ
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