FLEX LTD (FLEX) Technical Analysis
NASDAQ:FLEX • SG9999000020
Current stock price
FLEX Technical Rating and Analysis
Overall FLEX gets a technical rating of 7 out of 10. In the last year, FLEX was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, FLEX did better than 89% of all other stocks. We also observe that the gains produced by FLEX over the past year are nicely spread over this period.
- FLEX is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry. FLEX outperforms 70% of them.
- FLEX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FLEX is performing more or less in line with the market.
- FLEX has an average volume of 3790380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month FLEX has a been trading in the 58.53 - 66.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FLEX Weekly and Daily overview Charts
FLEX Setup Rating and Analysis
Besides having an excellent technical rating, FLEX also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 61.06, a Stop Loss order could be placed below this zone.
More info and screens
FLEX Support and Resistance Analysis
58.24
2 important support areas can be observed.
- A support zone ranging from 59.90 to 61.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.83 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 62.65 to 64.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 66.60 to 66.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
FLEX Technical Indicator Signal Analysis
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 | 89.41 | POSITIVE | FLEX has a high relative strength, it outperformed 89.41% 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) | 45.41 | NEUTRAL | The RSI value for FLEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests FLEX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.24 | NEUTRAL | The Stochastics value for FLEX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.93 | MEDIUM VOLATILITY | The ATR as a percentage value for FLEX suggests some volalility. |
| Average Directional Index/ADX (14) | 8.25 | NEGATIVE | The low ADX value for FLEX suggests a weak or negative trend. |
FLEX Chart- and CandleStick Pattern Analysis
FLEX Technicals: Chart, Performance Metrics, Trend & Indicators
61.64
-4.15 (-6.31%)
FLEX LTD / FLEX TA FAQ
Can you provide the ChartMill technical rating for FLEX LTD?
ChartMill assigns a technical rating of 7 / 10 to FLEX.
What is the trend direction for FLEX stock?
The current trend direction for FLEX LTD (FLEX) is Bullish.
Can you provide the RSI signal for FLEX LTD?
FLEX LTD (FLEX) has an RSI value of 45.4104. This indicates that the stock is currently neutral.
What is the MACD signal for FLEX stock?
The MACD indicator for FLEX LTD (FLEX) has a value of 0.0649751, indicating a bearish trend.