Why the high growth investor may take a look at NYSE:FTI.

A possible breakout setup was detected on TECHNIPFMC PLC (NYSE:FTI) by our stockscreener. A breakout pattern is formed when a stock consolidates after a strong rise up. We note that this pattern is detected purely based on technical analysis and whether the breakout actually materializes remains to be seen. It could be interesting to keep an eye on NYSE:FTI.

Technical analysis of NYSE:FTI

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

Taking everything into account, FTI scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, FTI has proven to be a steady performer, scoring decent points in every aspect analyzed.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that FTI is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by FTI over the past year are nicely spread over this period.
• FTI is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 81% of 59 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 28.20 - 32.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Our latest full technical report of FTI contains the most current technical analsysis.

Why is NYSE:FTI a setup?

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NYSE:FTI is 7:

FTI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 30.73, a Stop Loss order could be placed below this zone.

Some of the high growth metrics of NYSE:FTI highlighted

• 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.
• The EPS of TECHNIPFMC PLC has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• Over the past 3 months, analysts have adjusted their EPS Estimate for TECHNIPFMC PLC with a 10.4% change. This highlights the evolving outlook on the company's EPS potential.
• The recent financial report of TECHNIPFMC PLC demonstrates a 205.0% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests 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 positive growth in its free cash flow (FCF) over the past year, TECHNIPFMC PLC showcases its ability to generate strong cash flows and maintain a solid financial position. This growth reflects the company's efficient utilization of capital and its commitment to long-term value creation.
• TECHNIPFMC PLC has a healthy Return on Equity(ROE) of 20.59%. This demonstrates the company's efficient utilization of capital and indicates its commitment to driving profitability.
• TECHNIPFMC PLC maintains a healthy Debt-to-Equity ratio of 0.22. This indicates the company's conservative capital structure and signifies its ability to effectively manage debt obligations while maintaining a strong 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.
• The Relative Strength (RS) of TECHNIPFMC PLC has been consistently solid, with a current 88.56 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. TECHNIPFMC PLC exhibits strong prospects for further price appreciation.

More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.