Stocks Flexing Their Muscles: TechnipFMC plc (FTI), Advance Auto Parts, Inc. (AAP)

Over the past 52 weeks, the shares of TechnipFMC plc (NYSE:FTI) has been trading as low as $18.2 before witnessing a massive surge by 24.23% or $4.41. This price movement has led to the FTI stock receiving more attention and has become one to watch out for. It dipped by -0.44% on Tuesday and this got the market worried. The stock’s beta now stands at 0 and when compared to its 200-day moving average and its 50-day moving average, FTI price stands -19.43% below and 3.49% above respectively. Its average daily volatility for this week is 2.91% which is more than the 2.48% recorded over the past month. The shares of TechnipFMC plc dropped by -34.25% or -$11.78 from its last recorded high of $34.39 which it attained on May 18 to close at $22.61 per share.

TechnipFMC plc (FTI) sank -4.19% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -22.41% and is now up by 15.47% since start of this year. A look at its monthly performance shows that the stock has recorded a 0.04% gain over the past 30 days. Its equity price dipped by -13.04% over the past three months which led to its overall six-month decrease to stand at -24.63%.

Experts from research firms are bullish about the near-term performance of TechnipFMC plc with most of them predicting a $30.17 price target on a short-term (12 months) basis. The average price target by the analysts will see a 33.44% rise in the stock and would lead to FTI’s market cap to surge to $13.68B. The stock has been rated an average 2.2, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 31 analysts that track TechnipFMC plc (NYSE:FTI) and find out that 6 of them rated it as a Hold. 22 of the 25 analysts rated it as a Buy or a Strong Buy while 3 advised investors to desist from buying the stock or sell it if they already possess it.

A look at FTI technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 49.12 point. Its trading volume has added 853264 shares compared to readings over the past three months as it recently exchanged 5283264 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 4430000 shares, and this is 1.19 times the normal volume.

The price of Advance Auto Parts, Inc. (NYSE:AAP) currently stands at $167.89 after it went up by $2.76 or 1.67% and has found a strong support at $166.07 a share. If the AAP price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $164.24 mark would also be bad for the stock as it means that the stock would plunge by 2.17% from its current position. However, if the stock price is able to trade above the resistance point around $169.13, then it could likely surge higher to try and break the upward resistance which stands at $170.36 a share. Its average daily volatility over the past one month stands at 2.87%. The stock has plunged by 61% from its 52-weeks high of $65.4823 which it reached on Nov. 14, 2018. In general, it is 39.16% above its 52-weeks lowest point which stands at $102.15 and this setback was observed on Apr. 23, 2018.

Analysts have predicted a price target for Advance Auto Parts, Inc. (AAP) for 1 year and it stands at an average $194/share. This means that it would likely increase by 15.55% from its current position. The current price of the stock has been moving between $165.4823 and $168.54. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $154. On the other hand, one analyst is super bullish about the price, setting a target as high as $222.

The AAP stock Stochastic Oscillator (%D) is at 90.39%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.29 which compares to the 0.95 recorded by the industry or the 129.74 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 20.56, which is lower than the 36.3 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -3% over the past five years.

Analysts view Advance Auto Parts, Inc. (NYSE:AAP) as a Hold, with 2.1 consensus rating. Reuters surveyed 21 analysts that follow AAP and found that 7 of those analysts rated the stock as a Hold. The remaining 14 were divided, with 14 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Advance Auto Parts, Inc. (AAP) shares or sell it if they already own it.