We assign a technical rating of 7 out of 10 to FLEX. 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.
FLEX has an excellent technical rating, but the quality of the setup is only medium 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.
53.96
When analyzing the support we notice one important area.
When analyzing the resistance we notice one important area.
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 | DOWN | NEGATIVE | The short term trend for FLEX is down. |
| ChartMill Relative Strength | 89.29 | POSITIVE | FLEX has a high relative strength, it outperformed 89.29% 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) | 46.58 | NEUTRAL | The RSI value for FLEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.51 | NEGATIVE | The MACD value suggests FLEX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.87 | NEUTRAL | The Stochastics value for FLEX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for FLEX suggests some volalility. |
| Average Directional Index/ADX (14) | 24.39 | NEUTRAL | The ADX value for FLEX suggests a possible start of a new trend. |
58.4
+1.05 (+1.83%)
ChartMill assigns a technical rating of 7 / 10 to FLEX.
The current trend direction for FLEX LTD (FLEX) is Bullish.
FLEX LTD (FLEX) has an RSI value of 46.5843. This indicates that the stock is currently neutral.
The short term momentum for FLEX LTD (FLEX) is negative.
FLEX LTD (FLEX) has a support level at 55.28 and a resistance level at 66.11. Check the full technical report for our detailed analysis of FLEX support and resistance levels.