FTV closes higher for the 6th day in a row

Fortive Corp (FTV) Technical Analysis Report for Sep 14, 2018

Highlights

FTV closes higher for the 6th day in a row
FTV pushes through previous session high
FTV rises to highest close since Inception

TQ Sentiment

Report Sentiment: 33% Bullish
Technical Forecast:

Overview

Moving higher for the 6th day in a row, FTV finished the week 2.83% higher at 86.98 after gaining $0.48 (0.55%) today on high volume. Today's closing price of 86.98 marks the highest close since Inception. Closing above Thursday's high at 86.74, Fortive Corp confirms its breakout through the prior session's high having traded $0.90 above it intraday.

Daily chart for FTV

Volatility

Friday's trading range was $1.34 (1.55%), that's above last trading month's daily average range of $1.02. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being way above average.

Trend

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

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for Fortive Corp

Condition Forecast Direction Win Rate Exit Day Events
7 Consecutive Higher Closes TQ Pro Members Only
High close to previous High TQ Pro Members Only
Bullish High-Wave Candle TQ Pro Members Only
Bullish Spinning Top TQ Pro Members Only
52 Week High TQ Pro Members Only
More market conditions identified for TQ Pro members...
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