Vontier closes at $26.96, up 0.37%, adding one more to its 6th straight day of gains

A quick look at Friday: after ending Thursday at $26.86, Vontier went up to $27.43 only to drop back, yet still traded well overall and closed at $26.96 Friday.

With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Asset volatility analysis shows that Vontier's upper Bollinger Band® is at $27.45, this is a slight indication of a slowdown. Support/Resistance levels obtained from chart analysis indicate that Vontier reversed direction at $27.3 resistance zone and retreated back 34 cents below it.

Notwithstanding Vontier's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

A look at other technology stocks also showed bullish price action as NVIDIA added 1.11% to its value, and traded at $267.58.

While Vontier was bullish Friday, the following technology stocks underperformed: Accenture plc Class A (Ireland) went down to $279.25, losing 2.11% after it closed at $285.27 Friday. Microsoft went down to $286.14, losing 1.28% after it closed at $289.84 Friday.

Trading mostly sideways for 1 year, 5 months. The US industrial tech company has managed to gain 37.53% so far this year despite trading at lows around $16.71 previously.