Vontier ended Friday at $30.03, a 2.84% increase

A quick look at Friday: Vontier ended Thursday's session at $29.2. Friday started with an increase to $30.07, but dropped back and closed at $30.03.

Technical analysis trend indicators suggest that investors are seeking long positions as Vontier Corporation price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Momentum evaluation shows that 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 $30.3, thereby suggesting that Vontier is becoming overvalued. Analysis of Vontier's recent price action suggests Vontier is 28 cents away from testing key resistance at $30.31. Peaking above this level could inspire market bulls and open the path to further gains.

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

This rally in Vontier's share price coincided with other technology stocks as Intel was up 5.84%. Qualcomm was up 6.09%. Accenture plc Class A (Ireland) was up 4.06%.

Trading mostly sideways for 1 year, 5 months. 2 days ago the North Carolina manufacturing company reached a significant high of $30.03 but has consequently lost 2.76% since then.