FLEX LTD (FLEX)
SG9999000020 - Common Stock
Taking everything into account, FLEX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FLEX is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, FLEX did better than 80% of all other stocks.
FLEX is part of the Electronic Equipment, Instruments & Components industry. There are 126 other stocks in this industry. FLEX outperforms 72% of them.
FLEX 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 FLEX has a been trading in the 29.23 - 34.42 range, which is quite wide. It is currently trading near the high of this range.
FLEX has an average volume of 3540030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, FLEX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 34.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 33.78, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FLEX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
25.27
34.38
6 important support areas can be observed.
- A support zone ranging from 33.36 to 33.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 31.88 to 32.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.05 to 29.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.57 from a horizontal line in the daily time frame.
- Support @28.10 from a horizontal line in the daily time frame.
- Support @25.53 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 34.04 to 34.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.05
Mansfield0.47
10 Day High34.42
10 Day Low32.28
20 Day High34.42
20 Day Low29.23
52 Week High34.42
52 Week Low21.84
Performance
1 Week4.16%
2 Weeks7.38%
1 Month13.32%
3 Month11.98%
6 Month19.91%
12 Month32.05%
2 Year73.8%
3 Year101.36%
5 Year189.62%
10 Year217.44%
15 Year425.15%
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)
Technical Indicators
MACD(12,26,9)0.12
RSI(14)62.58
LBB31.73
UBB34.43
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 |
|---|---|---|---|
| 34.05 | 33.35 | 0.70 (2.06%) | 25.00% |
| An entry @34.05. This is a Buy Stop order right above the resistance zone. | An exit @33.35. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.70 points, which is 2.06%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.51%. |
- 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.
FLEX LTD
NASDAQ:FLEX (10/10/2024, 10:28:03 AM)
33.85
-0.18 (-0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.53%
1 Week4.16%
2 Weeks7.38%
1 Month13.32%
3 Month11.98%
6 Month19.91%
12 Month32.05%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.99
ATR(20)%2.94%
ATR Inc
Range Today0.15
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High34.42
10 Day Low32.28
20 Day High34.42
20 Day Low29.23
52 Week High34.42
52 Week Low21.84
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume5.79K
Volume Incr-64.94%
Vol(5)1.90M
Vol(50)3.54M