FMC climbs to highest close since June 6th


FMC Corporation (FMC) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
FMC closes higher for the 4th day in a row
FMC runs into sellers again around 90.75
FMC rises to highest close since June 6th
FMC closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 33% Bearish
Technical Forecast:
Overview

Moving higher for the 4th day in a row, FMC ended Thursday at 90.30 gaining $0.38 (0.42%). Today's closing price of 90.30 marks the highest close since June 6th. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session.

Daily chart for FMC
Volatility

Thursday's trading range was $0.75 (0.83%), that's far below last trading month's daily average range of $1.58. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way below average.

Support/Resistance

Prices are trading close to the key resistance level at 91.36. After having been unable to move above 90.57 in the previous session, the market ran into sellers again around the same price level today, failing to move higher than 90.75.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

Buying could speed up should prices move above the nearby swing high at 91.36 where further buy stops might get activated.

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a neutral sentiment for the next trading day.

Market Conditions for FMC Corporation
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
High close to previous High TQ Pro Members Only
Bullish Spinning Top TQ Pro Members Only
Bullish Intraday Reversal TQ Pro Members Only
More market conditions identified for TQ Pro members...
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