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FMC stock closed 30.53% lower at $5.62 as its daily trend stayed bearish

Image: The Cryptonomist

FMC stock has a bearish daily setup despite a positive MACD histogram on the 15-minute chart. Price sits below every major daily exponential average and the lower Bollinger band. The short-term signal complicates the timing, but it does not overturn the broader bearish bias. Key takeaways FMC closed Thursday at $5.62, down 30.53% from $8.09, on volume of 32.58 million shares. Price is below the 20-session EMA at $8.86, the 50-session EMA at $9.96, the 200-session EMA at $14.47, and the daily lower Bollinger band at $6.9. Daily RSI14 is 16.5 and the daily MACD histogram is -0.2, with the MACD line at -0.89 below its signal at -0.68. The 15-minute MACD histogram is positive at 0.13, while 15-minute RSI14 is 40.72, below 50.

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