Technical analysis identifies key support levels:
Immediate support: Approximately $48.63, based on accumulated trading volume.
StockInvest
Additional support: Around $44.10, offering a broader safety net.
Stock Traders Daily
Given the current price of $49.33, setting a stop-loss between $48.00 and $48.50 could be prudent to mitigate potential downside risks.
📅 Medium-Term Outlook (6–12 Months)
Target Price Range: $54.00 to $60.00, aligning with analyst estimates and historical performance.
Rationale: Fortive's diverse industrial portfolio and strategic acquisitions position it well for steady growth, despite current market volatility.
Immediate support: Approximately $48.63, based on accumulated trading volume.
StockInvest
Additional support: Around $44.10, offering a broader safety net.
Stock Traders Daily
Given the current price of $49.33, setting a stop-loss between $48.00 and $48.50 could be prudent to mitigate potential downside risks.
📅 Medium-Term Outlook (6–12 Months)
Target Price Range: $54.00 to $60.00, aligning with analyst estimates and historical performance.
Rationale: Fortive's diverse industrial portfolio and strategic acquisitions position it well for steady growth, despite current market volatility.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.