Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>FTI stock price is currently trading at $20.39 with a drop of 0.10% in the last 24 hours.</a> </li> 
 <li> <span>2</span> <a>TechnipFMC PLC has a current market cap of $8.932 Billion.</a> </li> 
 <li> <span>3</span> <a>FTI stock is trading above the key moving averages, showing strength on the charts.</a> </li> 
</ul> 
<p>FTI stock price showed an uptrend over the past sessions and maintained the gains above the 50 and 200-day SMAs near the $20 cluster in the bullish territory.</p> 
<p>The chart shows bullish momentum at press time. Moreover, price action favors the buyers, and long buildup activity was noted on the charts.&nbsp;</p> 
<p>FTI price is in an upward trajectory to $21.00, which if surpassed, the price would revisit the highs of $24.00. Conversely, the lower trajectory is near $18.87, which, if it breaks, the price will revisit the 200-day EMA near $15.31.</p> 
<p>At press time, TechnipFMC PLC was trading at $20.39 with an intraday loss of 0.10%, showing neutrality. Moreover, the 24-hour trading volume is $27.96 Million. However, the market cap of TechnipFMC PLC is $8.932 Billion. The day high of FTI is $21.09, and the day low at $20.33, indicating a narrow trading range.</p> 
<p>The company’s performance has been good throughout the year. It returned 11.24% year-to-date, and 66.04% in the last six months, 11.24% in the last month, and a negative return of -4.76% in the last week. This shows a persistent weakness in recent times.</p> 
<p>The company’s Q1 23 earnings show that FTI had a decent performance. It generated a revenue of $1.72 Billion and a net income of 400.00K, resulting in a profit margin of 0.02%. However, in Q2 23, the growth declined and the company reported a revenue of $1.97 Billion with a net income of -$87.20 Million, profit-margin of -4.43%.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-fti-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of FTI Stock Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="455" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-660-1024x455.png" alt="FTI Stock Forecast: Will TechnipFMC PLC Stock Price Fly Above $21?" class="wp-image-170193" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-660-1024x455.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-660-300x133.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-660-768x341.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-660-1536x683.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-660-750x333.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-660-1140x507.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-660.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: FTI.1D.NYSE by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>Currently, FTI <a href="https://www.thecoinrepublic.com/2023/09/21/hlx-stock-forecast-will-helix-stock-reach-the-target-of-15/" target="_blank" rel="noopener noreferrer nofollow">stock price </a>is trading above the 50 and 200-day SMAs (simple moving averages), which are supporting the price momentum.&nbsp;</p> 
<p>The current value of RSI is 58.19 points. The 14 SMA is above the median line at 69.60 points which indicates that the FTI stock is bullish.</p> 
<p>The MACD line at 0.6714 and the signal line at 0.7129 are above the zero line. A bearish crossover is observed in the MACD indicator which signals weakness in the momentum of the TechnipFMC PLC stock price.</p> 
<h2 class="wp-block-heading" id="strong-short-term-charts-price-analysis-strong"><strong>Short-Term Charts Price Analysis</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="455" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-661-1024x455.png" alt="FTI Stock Forecast: Will TechnipFMC PLC Stock Price Fly Above $21?" class="wp-image-170194" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-661-1024x455.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-661-300x133.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-661-768x341.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-661-1536x683.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-661-750x333.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-661-1140x507.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-661.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: FTI.4H.NYSE by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the 4-hour charts, the FTI price is mildly bearish and in the $20.00 – $21.00 range with the highest volumes. However, the trend is still strong, and buyers are attempting to break the zone and are trying to sustain above the round spot of $20.</p> 
<p>The RSI curve is near 49, near neutrality, forming a negative crossover due to the consolidation in price, which impacts a negative outlook on the charts.</p> 
<p>The MACD indicator showed a bearish crossover, but the red bars were near the end, and a crossover was imminent.</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p>FTI stock price technical oscillators signal a bullish trend. The MACD, RSI, and EMAs are emphasizing positive signs and imply that the uptrend may continue in the TechnipFMC PLC stock price. Price action suggests that the investors and traders are bullish on the 1-Day time frame. The price action reflects a bullish perspective at the moment. However, investors and traders should wait for proper setup for the next move and avoid FOMO.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels:</strong> $18.8 and $20</p> 
<p><strong>Resistance Levels:</strong> $21 and $24</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.</p>

FTI Stock Forecast: Will TechnipFMC PLC Stock Price Fly Above $21?

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