FLEX LTD (FLEX) Stock Technical Analysis
NASDAQ:FLEX - SG9999000020 - Common Stock
52.98 USD
+1.06 (+2.04%)
52.98 USD
0 (0%)
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 term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, FLEX did better than 90% of all other stocks. On top of that, FLEX also shows a nice and consistent pattern of rising prices.
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 47.83 - 52.97 range, which is quite wide. It is currently trading near the high of this range.
FLEX has an average volume of 4581190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FLEX is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 69% of 124 stocks in the same industry.
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.
More info and screens
27.57
53.51
2 important support areas can be observed.
- A support zone ranging from 48.99 to 50.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.85 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 | NEUTRAL | NEUTRAL | The short term trend for FLEX is neutral. |
| ChartMill Relative Strength | 90.44 | POSITIVE | FLEX has a high relative strength, it outperformed 90.44% 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) | 58.21 | NEUTRAL | The RSI value for FLEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests FLEX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.01 | NEUTRAL | The Stochastics value for FLEX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for FLEX suggests some volalility. |
| Average Directional Index/ADX (14) | 15.61 | NEGATIVE | The low ADX value for FLEX suggests a weak or negative 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)
52.98
+1.06 (+2.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg2.04%
1 Week5.96%
2 Weeks3.14%
1 Month3.86%
3 Month25.17%
6 Month28.64%
12 Month57.67%
2 Year88.18%
3 Year191.52%
5 Year378.09%
10 Year394.01%
15 Year953.14%
Volatility
ATR(14)1.66
ATR(20)%3.17%
ATR Inc-2.1%
Range Today1.74
ADR(20)1.58
ADR(20)%2.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.44
Mansfield1.95
10 Day High52.97
10 Day Low47.83
20 Day High52.97
20 Day Low47.83
52 Week High53.97
52 Week Low25.11
CS1 End50.24
CR1 StartN/A
Volume & EV
DER(3)2.6%
DER(5)0.66%
Volume3.96M
Volume Incr-17.44%
Vol(5)3.52M
Vol(50)4.58M