Vontier closes at $27.51, up 2.27%, adding one more to its 9th straight day of gains

Friday at a glance: the US industrial tech company ended Thursday's session at $26.9, spiked up to $27.56 and closed at $27.51 — gaining 2.27% Friday.

Chart analysis indicates Vontier Corporation could be slowing down soon as it approaches resistance at $27.77. Of course, crossing it might suggest further gains are ahead. Trend-focused traders would be interested to note that investors are seeking long positions as Vontier 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 in a strong overbought condition. According to asset volatility analysis, Bollinger Band® analysis indicates that current price action is approaching the upper band at $28.19, thereby suggesting that Vontier is becoming overvalued.

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 coincided with other technology stocks as Apple traded at $151.03 after closing Friday's trading day at $145.91 (up 3.51%). Sony Group Corporation added 2.88% to its value, and traded at $85.74. Adobe was up 3.16%.

Trading mostly sideways for 1 year, 5 months. This year has been a bright one for the US industrial tech company after trading as low as $16.71 and going on to appreciate by 41.43% year to date.