Today at a glance: the US industrial tech company found support around the $25.83 level, after closing yesterday at $26.42 and dropping by 2.23% today.

United States Crude Oil Inventories didn't cause a noticeable effect even though it falls short expectations with -3.74 million.

United States Crude Oil Inventories improved upon its previous reading of -7.49 million with a new data release of -3.74 million.

Meanwhile, United States ISM Non-Manufacturing PMI (Mar) released today at 14:00 UTC with a figure of 51.2, while the previous figure was 55.1. United States ADP Nonfarm Employment Change (Mar) came out at 145,000, while a consensus of analysts was expecting 200,000.

Vontier Corporation's upper Bollinger Band® is at $27.15 which indicates a further downward move may follow. On the other hand, note that Vontier could begin to recover as it approaches significant support, now 36 cents away from $25.47. Dipping below could be an indication that further losses are ahead.

Following today's unexpected losses, extensive multifactorial technical analysis forecasts Vontier to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the the US industrial tech company is expected to attract significant bearish sentiment in the coming days.

Vontier was not the only decliner in the technology sector; Accenture plc Class A (Ireland) withdraws 1.58% today to close at $285.84. AMD draws back 3.45% today to close at $95.87. TSM went down to $90.2, losing 2.14% after it closed at $92.17 today.

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as tomorrow at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 200,000 from the preceding figure of 198,000.

Trading mostly sideways for 1 year, 5 months. The North Carolina manufacturing company has gained 30.66% since its lowest print of $16.71 earlier this year.