Fortive Corp (FTV)
Fortive is an American diversified industrial technology conglomerate company headquartered in Everett, Washington.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 32.59% per annum.
- FTV price at the close of August 28, 2025 was $48.01 and was higher than the top border of the primary price channel by $10.73 (28.80%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 8.96% per annum.
- FTV price at the close of August 28, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of FTV price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: January 31, 2024
End date: August 22, 2024
a = 5.5231
b = -0.0011
s = 0.0326
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -32.59%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0326) – 1
= 13.94%
January 31, 2024 calculations
Top border of price channel:
Exp(Y859)
= Exp(a + b × X859 + 2 × s)
= Exp(a + b × 1,248 + 2 × s)
= Exp(5.5231 + -0.0011 × 1,248 + 2 × 0.0326)
= Exp(4.2397)
= $69.39
Bottom border of price channel:
Exp(Y859)
= Exp(a + b × X859 – 2 × s)
= Exp(a + b × 1,248 – 2 × s)
= Exp(5.5231 + -0.0011 × 1,248 – 2 × 0.0326)
= Exp(4.1092)
= $60.90
August 22, 2024 calculations
Top border of price channel:
Exp(Y1,000)
= Exp(a + b × X1,000 + 2 × s)
= Exp(a + b × 1,452 + 2 × s)
= Exp(5.5231 + -0.0011 × 1,452 + 2 × 0.0326)
= Exp(4.0193)
= $55.66
Bottom border of price channel:
Exp(Y1,000)
= Exp(a + b × X1,000 – 2 × s)
= Exp(a + b × 1,452 – 2 × s)
= Exp(5.5231 + -0.0011 × 1,452 – 2 × 0.0326)
= Exp(3.8888)
= $48.85
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 32.59% per annum.
- FTV price at the close of August 28, 2025 was $48.01 and was higher than the top border of the primary price channel by $10.73 (28.80%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 31, 2024
End date: July 30, 2025
a = 4.4259
b = -0.0003
s = 0.0552
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -8.96%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0552) – 1
= 24.71%
January 31, 2024 calculations
Top border of price channel:
Exp(Y859)
= Exp(a + b × X859 + 2 × s)
= Exp(a + b × 1,248 + 2 × s)
= Exp(4.4259 + -0.0003 × 1,248 + 2 × 0.0552)
= Exp(4.2153)
= $67.72
Bottom border of price channel:
Exp(Y859)
= Exp(a + b × X859 – 2 × s)
= Exp(a + b × 1,248 – 2 × s)
= Exp(4.4259 + -0.0003 × 1,248 – 2 × 0.0552)
= Exp(3.9945)
= $54.30
July 30, 2025 calculations
Top border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 + 2 × s)
= Exp(a + b × 1,794 + 2 × s)
= Exp(4.4259 + -0.0003 × 1,794 + 2 × 0.0552)
= Exp(4.0749)
= $58.84
Bottom border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 – 2 × s)
= Exp(a + b × 1,794 – 2 × s)
= Exp(4.4259 + -0.0003 × 1,794 – 2 × 0.0552)
= Exp(3.8540)
= $47.18
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 8.96% per annum.
- FTV price at the close of August 28, 2025 was inside the secondary price channel.