Trading (FTV) With Integrated Risk Controls
September 30, 2024, 08:34 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FTV
- Buy FTV near 76.2 target 83.62 stop loss @ 75.98 Details
The technical summary data tells us to buy FTV near 76.2 with an upside target of 83.62. This data also tells us to set a stop loss @ 75.98 to protect against excessive loss in case the stock begins to move against the trade. 76.2 is the first level of support below 78.01 , and by rule, any test of support is a buy signal. In this case, support 76.2 is being tested, a buy signal would exist.
- Short FTV slightly under 83.62, target 76.2, stop loss @ 83.86 Details
The technical summary data is suggesting a short of FTV as it gets near 83.62 with a downside target of 76.2. We should have a stop loss in place at 83.86though. 83.62 is the first level of resistance above 78.01, and by rule, any test of resistance is a short signal. In this case, if resistance 83.62 is being tested, a short signal would exist.
Swing Trading Plans for FTV
- Buy FTV slightly over 78.17, target 79.8, Stop Loss @ 77.94 Details
If 78.17 begins to break higher, the technical summary data tells us to buy FTV just slightly over 78.17, with an upside target of 79.8. The data also tells us to set a stop loss @ 77.94 in case the stock turns against the trade. 78.17 is the first level of resistance above 78.01, and by rule, any break above resistance is a buy signal. In this case, 78.17, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short FTV slightly near 78.17, target 76.2, Stop Loss @ 78.4. Details
The technical summary data is suggesting a short of FTV if it tests 78.17 with a downside target of 76.2. We should have a stop loss in place at 78.4 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 78.17, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for FTV
- Buy FTV slightly over 78.17, target 78.61, Stop Loss @ 77.99 Details
If 78.17 begins to break higher, the technical summary data tells us to buy FTV just slightly over 78.17, with an upside target of 78.61. The data also tells us to set a stop loss @ 77.99 in case the stock turns against the trade. 78.17 is the first level of resistance above 78.01, and by rule, any break above resistance is a buy signal. In this case, 78.17, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short FTV slightly near 78.17, target 76.2, Stop Loss @ 78.35. Details
The technical summary data is suggesting a short of FTV if it tests 78.17 with a downside target of 76.2. We should have a stop loss in place at 78.35 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 78.17, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Fortive Corporation (FTV) available here: FTV.
FTV Ratings for September 30:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
68.69 |
| P2 |
78.61 |
78.17 |
76.2 |
| P3 |
79.89 |
79.8 |
83.62 |
AI Generated Signals for FTV
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for FTV:
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