FRANKLIN FTSE ASIA EX JAPAN (FLAX) Stock Technical Analysis
NYSEARCA:FLAX - NYSE Arca - US35473P6604 - ETF - Currency: USD
Overall FLAX gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FLAX is showing a nice and steady performance.
Warning: FLAX has an average volume of 2812 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that FLAX is one of the better performing stocks in the market, outperforming 76% of all stocks.
FLAX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month FLAX has a been trading in a tight range between 25.88 and 27.20.
Considerably lower volume is observed in the last couple of days.
Although FLAX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
22.01
27.45
We found 3 important support areas.
- A support zone ranging from 25.50 to 26.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.27 to 24.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 22.23 to 22.35. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.97 to 27.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FLAX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLAX is up. |
| ChartMill Relative Strength | 76.42 | POSITIVE | FLAX has a high relative strength, it outperformed 76.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLAX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FLAX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FLAX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.35 | OVERBOUGHT | The high RSI value suggests FLAX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FLAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.53 | OVERBOUGHT | The high Stochastics value suggests FLAX may be overbought. |
| Average True Range in percent/ATR (20) | 0.62 | LOW VOLATILITY | The low ATR as a percentage value for FLAX suggests low volalility. |
| Average Directional Index/ADX (14) | 30.2 | POSITIVE | The high ADX value value for FLAX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSEARCA:FLAX (7/25/2025, 8:04:00 PM)
26.9643
-0.1 (-0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.35%
1 Week1.12%
2 Weeks2.92%
1 Month3.33%
3 Month16.53%
6 Month16.99%
12 Month19.37%
2 Year20.94%
3 Year24.7%
5 Year17.07%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%0.62%
ATR Inc-25.08%
Range Today0.11
ADR(20)0.11
ADR(20)%0.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.42
Mansfield0.3
10 Day High27.2
10 Day Low26.22
20 Day High27.2
20 Day Low25.88
52 Week High27.2
52 Week Low20.43
CS1 End26.74
CR1 Start26.97
Volume & EV
DER(3)0%
DER(5)0%
Volume1.40K
Volume Incr-50.31%
Vol(5)1.58K
Vol(50)2.81K