FLAGSTAR FINANCIAL INC (FLG) Stock Technical Analysis
NYSE:FLG - New York Stock Exchange, Inc. - US6494454001 - Common Stock - Currency: USD
Overall FLG gets a technical rating of 2 out of 10. In the last year, FLG was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
Although the technical rating is bad, FLG does present a nice setup opportunity. 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 support zone below the current price at 11.63, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FLG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.83
3 important support areas can be observed.
- A support zone ranging from 11.37 to 11.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.56 to 10.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.93 to 9.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 12.48 to 12.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 13.23 to 13.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 FLG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FLG is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | FLG has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FLG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FLG is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 47.5 | NEUTRAL | The RSI value for FLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests FLG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.27 | NEUTRAL | The Stochastics value for FLG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for FLG suggests some volalility. |
| Average Directional Index/ADX (14) | 21.22 | NEUTRAL | The ADX value for FLG suggests a possible start of a new trend. |
11.64
+0.09 (+0.78%)