FLEX LTD (FLEX) Stock Technical Analysis
NASDAQ:FLEX - Nasdaq - SG9999000020 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to FLEX. Both in the recent history as in the last year, FLEX has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
FLEX is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry. FLEX outperforms 83% of them.
FLEX is currently making a new 52 week high. This is a strong signal. 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 42.31 - 52.17 range, which is quite wide. It is currently trading near the high of this range.
FLEX has an average volume of 4588390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that FLEX is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Volume is considerably higher in the last couple of days.
Although FLEX 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
27.17
52.21
2 important support areas can be observed.
- A support zone ranging from 48.48 to 49.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @27.44 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for FLEX is up. |
| ChartMill Relative Strength | 95.65 | POSITIVE | FLEX has a high relative strength, it outperformed 95.65% 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) | 78.36 | OVERBOUGHT | The high RSI value suggests FLEX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests FLEX has a positive trend. |
| Stochastics (14,3) | 89.05 | OVERBOUGHT | The high Stochastics value suggests FLEX may be overbought. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for FLEX suggests some volalility. |
| Average Directional Index/ADX (14) | 48.14 | POSITIVE | The high ADX value value for FLEX 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)
51.69
+0.95 (+1.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg1.87%
1 Week3.19%
2 Weeks11.93%
1 Month20.86%
3 Month93.74%
6 Month29.03%
12 Month75.22%
2 Year88.93%
3 Year207.68%
5 Year349.87%
10 Year369.48%
15 Year731.03%
Volatility
ATR(14)1.47
ATR(20)%2.56%
ATR Inc37.93%
Range Today1.45
ADR(20)1.29
ADR(20)%2.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.65
Mansfield2.91
10 Day High52.17
10 Day Low45.31
20 Day High52.17
20 Day Low42.31
52 Week High52.17
52 Week Low25.11
CS1 End43.12
CR1 StartN/A
Volume & EV
DER(3)3.81%
DER(5)2.61%
Volume2.76M
Volume Incr147.29%
Vol(5)9.58M
Vol(50)4.59M