FLEX LTD (FLEX) Stock Technical Analysis
USA - NASDAQ:FLEX - SG9999000020 - Common Stock
Taking everything into account, FLEX scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, FLEX also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
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56.91
When analyzing the support we can see 2 important areas.
- A support zone ranging from 59.52 to 59.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 57.48 to 58.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @66.10 from a horizontal line in the daily time frame.
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 FLEX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FLEX is neutral. |
| ChartMill Relative Strength | 91.7 | POSITIVE | FLEX has a high relative strength, it outperformed 91.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FLEX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FLEX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FLEX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.55 | NEUTRAL | The RSI value for FLEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.67 | NEGATIVE | The MACD value suggests FLEX has a negative trend. |
| Stochastics (14,3) | 27.81 | NEUTRAL | The Stochastics value for FLEX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.86 | MEDIUM VOLATILITY | The ATR as a percentage value for FLEX suggests some volalility. |
| Average Directional Index/ADX (14) | 18 | NEGATIVE | The low ADX value for FLEX suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 62.46 | 59.51 | 2.95 (4.73%) | 21.16% |
| An entry @62.46. This is a Buy Stop order right above the 10 day moving average. | An exit @59.51. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.95 points, which is 4.73%. | When investing 21.16% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of FLEX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
59.99
+0.46 (+0.77%)
FLEX LTD / FLEX FAQ
Can you provide the ChartMill technical rating for FLEX LTD?
ChartMill assigns a technical rating of 9 / 10 to FLEX.
What is the current trend direction of FLEX LTD (FLEX) stock?
The current trend direction for FLEX LTD (FLEX) is Bullish.
Can you provide the RSI signal for FLEX LTD?
FLEX LTD (FLEX) has an RSI value of 45.5542. This indicates that the stock is currently neutral.
What is the short term momentum for FLEX stock?
The short term momentum for FLEX LTD (FLEX) is neutral.
Can you provide the support and resistance levels for FLEX LTD?
FLEX LTD (FLEX) has a support level at 59.98 and a resistance level at 66.1. Check the full technical report for our detailed analysis of FLEX support and resistance levels.