As the end of the session approaches, a small gain for the US industrial tech company at $31.63 after ranging between $31.54 and $31.89 today.

At the same time, United States Consumer Price Index came out at 0.1%, while a consensus of analysts was expecting 0.2%. United States Consumer Price Index released today at 12:30 UTC with a figure of 4%, while the previous figure was 4.9%. United States Core Consumer Prices came out at 0.4%, while a consensus of analysts was expecting 0.4%.

With regards to technical trend indicators, chart analysis show that investors are seeking long positions as Vontier Corporation price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to momentum evaluation, the Relative Strength Index indicates Vontier is currently 'overbought' which suggests new gains will be harder to obtain. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $31.69, thereby suggesting that Vontier is becoming overvalued. Following today's trading session, chart analysis suggests Vontier could be slowing down soon; it is getting close to the resistance line and is now at $31.9, only 27 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.

Overall, while Vontier has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

This rally in Vontier's share price coincides with other technology stocks as NVIDIA added 2.9% to its value, now trading at $406.26.

While Vontier is higher so far today, these technology stocks are struggling: AMD is down 3.52% from the beginning of the session and now trades around $124.64. Salesforce is down to $208.65, losing 2.36%, after ending yesterday at $213.69.

Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Crude Oil Inventories is projected to outperform its last figure with 1.48 million. It previously stood at -451,000; data will be released tomorrow at 14:30 UTC.

Furthermore, the market is looking at United States Producer Price Index projected to decline to -0.1% while previous data was 0.2%; data will be released tomorrow at 12:30 UTC.

Also worthy of note, United States Interest Rate figure is projected at 5.25. It previously stood at 5.25; data will be released tomorrow at 18:00 UTC.

The stock has been trending positively for about 8 months. The US industrial tech company now trading 26.81% above its 3-month low of $16.71.