NASDAQ:FLEX - Nasdaq - SG9999000020 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to FLEX. 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.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 41.69. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
26.82
When analyzing the support we can see 2 important areas.
When analyzing the resistance we notice 2 important areas.
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 | UP | POSITIVE | The short term trend for FLEX is up. |
ChartMill Relative Strength | 85.73 | POSITIVE | FLEX has a high relative strength, it outperformed 85.73% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLEX is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FLEX is above 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) | 67.61 | NEUTRAL | The RSI value for FLEX is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests FLEX has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 85.01 | OVERBOUGHT | The high Stochastics value suggests FLEX may be overbought. |
Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for FLEX suggests some volalility. |
Average Directional Index/ADX (14) | 32.33 | POSITIVE | The high ADX value value for FLEX suggests a strong 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 |
---|---|---|---|
42.20 | 41.16 | 1.04 (2.46%) | 25.00% |
An entry @42.20. This is a Buy Stop order right above the resistance zone. | An exit @41.16. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.04 points, which is 2.46%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.62%. |
41.48
+0.04 (+0.1%)