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Next Support Level for Technipfmc Plc (FTI) is $26.27

By Nick Russo

Technipfmc Plc (NYSE:FTI) has opened bearishly below the pivot of $26.88 today and has reached the first level of support at $26.59. Investors may be interested in a cross of the next downside pivot targets of $26.27 and $25.66.

In the past 52 weeks, shares of Technipfmc Plc have traded between a low of $24.00 and a high of $37.09 and are now at $26.68, which is 11% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.3%.

Technipfmc Plc (NYSE:FTI) has potential upside of 40.0% based on a current price of $26.68 and analysts' consensus price target of $37.34. The stock should run into initial resistance at its 50-day moving average (MA) of $27.46 and subsequent resistance at its 200-day MA of $29.88.

SmarTrend is monitoring the recent change of momentum in Technipfmc Plc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Technipfmc Plc in search of a potential trend change.

Keywords: pivot alerts technipfmc plc

Ticker(s): FTI