Yesterday at a glance: Vontier closed at $19.58 yesterday after ranging between $19.27 and $19.68.
Vontier Corporation price action is currently oscillating around the $19.57 resistance level with prices moving above and below several times during the session. Bollinger Band® analysis indicates that current price action is approaching the upper band at $20.8, thereby suggesting that Vontier is becoming overvalued.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Vontier is set for a reversal in the coming days.
While Vontier was bullish yesterday, the following technology stocks underperformed: Apple went down to $148.11, losing 1.96% after it closed at $151.07 yesterday. ASML Holding went down 2%, closed at $603.85. Qualcomm withdraws 1.36% yesterday to close at $125.15.
On a negative trend for around 1 year, 5 months. Having set a significant high of $32.47 a month ago, the North Carolina manufacturing company is trading 16.1% lower.