TechnipFMC (NYSE: 
FTI) closed at $31.23 on the previous trading day, staying close to its one-year high of $33.45. Evercore ISI analyst Jason Bandel maintained a Buy rating on the stock, setting a price target of $39. Meanwhile, Barclays reaffirmed its Buy rating with a higher target of $43 in a report dated March 26.
Currently, the consensus among Wall Street analysts rates TechnipFMC as a “Strong Buy.” The average price target stands at $37.22, suggesting an upside of 19.18% from current levels. The stock has an average daily trading volume of 4.33 million shares. TechnipFMC’s performance is under close watch, though analyst Jason Bandel has posted a -5.4% average return with a 31.58% success rate. He follows the energy sector, covering companies like Helmerich & Payne and NOV in addition to FTI.
Insider activity on the stock shows negative sentiment. Over the past quarter, 55 corporate insiders have sold shares. Earlier this month, Director Eleazar de Carvalho Filho sold 9,381 shares worth $279,178.56.
Technical Analysis
The stock recently bounced off a key support zone around $22, close to the 200-day moving average at $21.86. This bounce formed a bullish reversal setup. The price is now hovering near $25.20. If it holds this area, the next resistance is around the $28.00 level, followed by a possible move back toward its recent high of $33.45.
The volume profile shows increased buying near the bottom of the bounce, suggesting accumulation. RSI is around 42, indicating neutral momentum but potential for recovery if buying pressure continues. A break above $28 may signal continuation toward $33.45.
FTI) closed at $31.23 on the previous trading day, staying close to its one-year high of $33.45. Evercore ISI analyst Jason Bandel maintained a Buy rating on the stock, setting a price target of $39. Meanwhile, Barclays reaffirmed its Buy rating with a higher target of $43 in a report dated March 26.Currently, the consensus among Wall Street analysts rates TechnipFMC as a “Strong Buy.” The average price target stands at $37.22, suggesting an upside of 19.18% from current levels. The stock has an average daily trading volume of 4.33 million shares. TechnipFMC’s performance is under close watch, though analyst Jason Bandel has posted a -5.4% average return with a 31.58% success rate. He follows the energy sector, covering companies like Helmerich & Payne and NOV in addition to FTI.
Insider activity on the stock shows negative sentiment. Over the past quarter, 55 corporate insiders have sold shares. Earlier this month, Director Eleazar de Carvalho Filho sold 9,381 shares worth $279,178.56.
Technical Analysis
The stock recently bounced off a key support zone around $22, close to the 200-day moving average at $21.86. This bounce formed a bullish reversal setup. The price is now hovering near $25.20. If it holds this area, the next resistance is around the $28.00 level, followed by a possible move back toward its recent high of $33.45.
The volume profile shows increased buying near the bottom of the bounce, suggesting accumulation. RSI is around 42, indicating neutral momentum but potential for recovery if buying pressure continues. A break above $28 may signal continuation toward $33.45.
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