Why the high growth investor may take a look at TECHNIPFMC PLC (NYSE:FTI).

Our stockscreener has identified a possible breakout setup on TECHNIPFMC PLC (NYSE:FTI). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NYSE:FTI for potential opportunities.

Analyzing the Technical Aspects

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

Taking everything into account, FTI scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FTI is only an average performer.

• The long and short term trends are both positive. This is looking good!
• FTI is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 77% of 60 stocks in the same industry.
• FTI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FTI is lagging the market slightly.
• In the last month FTI has a been trading in the 24.89 - 29.49 range, which is quite wide. It is currently trading near the high of this range.
• Looking at the yearly performance, FTI did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.

Check the latest full technical report of FTI for a complete technical analysis.

How do we evaluate the setup for NYSE:FTI?

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:FTI this score is currently 7:

Although FTI has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

What matters for high growth investors.

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), TECHNIPFMC PLC highlights its ability to generate increasing profitability, showcasing a 205.0% growth.
• Over the past 3 years, TECHNIPFMC PLC has demonstrated 33.3% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• Over the past 3 months, analysts have adjusted their EPS Estimate for TECHNIPFMC PLC with a 9.92% change. This highlights the evolving outlook on the company's EPS potential.
• The quarterly earnings of TECHNIPFMC PLC have shown a 205.0% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• With positive growth in its operating margin over the past year, TECHNIPFMC PLC showcases its ability to improve profitability through effective cost control and operational efficiency. This growth underscores the company's commitment to enhancing its financial performance.
• With a favorable trend in its free cash flow (FCF) over the past year, TECHNIPFMC PLC demonstrates its ability to generate robust cash flows and maintain financial stability. This growth reflects the company's focus on efficient capital allocation and cash management.
• With a solid Return on Equity (ROE) of 20.59%, TECHNIPFMC PLC exemplifies its ability to generate favorable returns on shareholder investments. This metric demonstrates the company's commitment to maximizing shareholder value.
• Maintaining a Debt-to-Equity ratio of 0.22, TECHNIPFMC PLC demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• TECHNIPFMC PLC has consistently surpassed EPS estimates in the last 4 quarters, reflecting its strong financial performance and effective management. This trend suggests the company's ability to generate positive earnings surprises and drive shareholder value.

More high growth momentum breakout stocks can be found in our High Growth Momentum Breakout screen.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.