FMC Technologies Inc Stock Forecast
FMC Technologies Inc stock price ended at $25.16 on Thursday, after losing 0.710%.
(Updated on Apr 18, 2024)
The FMC Technologies Inc stock price fell by -0.710% on the last day (Thursday, 18th Apr 2024) from $25.34 to $25.16. During the last trading day the stock fluctuated 3.03% from a day low at $25.06 to a day high of $25.82. The price has fallen in 7 of the last 10 days and is down by -4.59% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -503 thousand shares and in total, 3 million shares were bought and sold for approximately $70.88 million.
Given the current short-term trend, the stock is expected to rise 45.88% during the next 3 months and, with a 90% probability hold a price between $36.70 and $40.55 at the end of this 3-month period.
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FTI Signals & Forecast
The FMC Technologies Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $25.78. On a fall, the stock will find some support from the long-term average at approximately $24.61. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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 -6.64%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for FMC Technologies Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $21.97 and $21.52. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, FMC Technologies Inc finds support just below today's level at $21.97. If this is broken, then the next support from accumulated volume will be at $21.52 and $19.79.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.760 between high and low, or 3.03%. For the last week, the stock has had daily average volatility of 2.92%.
Our recommended stop-loss: $23.69 (-5.86%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (FTI) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect FMC Technologies Inc to open at $25.34, and during the day (based on 14 day Average True Range), to move between $24.46 and $25.86, which gives a possible trading interval of +/-$0.701 (+/-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 5.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.34 (0.72%) than the support at $21.97 (12.68%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
FMC Technologies Inc will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.160. We will update the financials statements for FMC Technologies Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.65% in the first trading day after earnings release.
Is FMC Technologies Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for FMC Technologies Inc stock to perform well in the short-term.
Current score: 1.872 Buy Candidate Unchanged
Predicted Opening Price for FMC Technologies Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $25.34 ( 0.729%) | $25.16 |
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 | 26.10 | 3.75 % | |
| R2 | 25.81 | 2.60 % | ||
| R1 | 25.63 | 1.88 % | ||
| Current price: | 25.16 | |||
| Support | S1 | 25.05 | -0.425 % | |
| S2 | 24.87 | -1.14 % | ||
| S3 | 24.58 | -2.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.95 | 7.11 % | |
| R2 | 26.36 | 4.77 % | ||
| R1 | 25.34 | 0.715 % | ||
| Current price | 25.16 | |||
| Support | S1 | 21.97 | -12.68% | |
| S2 | 21.52 | -14.47% | ||
| S3 | 19.79 | -21.34% |
FTI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 18, 2024 | Apr 03, 2024 | $0.0500 | 0.186% |
| 2 | Oct 24, 2023 | Nov 20, 2023 | Dec 06, 2023 | $0.0500 | 0.265% |
| 3 | Jul 26, 2023 | Aug 21, 2023 | Sep 06, 2023 | $0.0500 | 0.242% |
| 4 | Feb 24, 2020 | Mar 23, 2020 | Apr 08, 2020 | $0.0967 | 1.34% |
| 5 | Oct 22, 2019 | Nov 18, 2019 | Dec 04, 2019 | $0.0967 | 0.617% |
FAQ
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