FLUENCE ENERGY INC (FLNC) Stock Technical Analysis
NASDAQ:FLNC - Nasdaq - US34379V1035 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to FLNC. FLNC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
FLNC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month FLNC has a been trading in the 4.68 - 8.91 range, which is quite wide. It is currently trading near the high of this range.
FLNC has an average volume of 5289970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, FLNC did better than 77% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
FLNC is an average performer in the Electrical Equipment industry, it outperforms 62% of 94 stocks in the same industry.
Although FLNC 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
5.16
8.50
When analyzing the support we notice one important area.
- Support @5.21 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @8.42 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for FLNC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLNC is up. |
| ChartMill Relative Strength | 77.92 | POSITIVE | FLNC has a high relative strength, it outperformed 77.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLNC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FLNC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FLNC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.98 | NEUTRAL | The RSI value for FLNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests FLNC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.31 | OVERBOUGHT | The high Stochastics value suggests FLNC may be overbought. |
| Average True Range in percent/ATR (20) | 7.11 | HIGH VOLATILITY | The high ATR as a percentage value for FLNC suggests high volalility. |
| Average Directional Index/ADX (14) | 51.44 | POSITIVE | The high ADX value value for FLNC 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)
8.17
-0.4 (-4.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-4.67%
1 Week-2.85%
2 Weeks29.68%
1 Month65.38%
3 Month96.39%
6 Month-49.22%
12 Month-55.93%
2 Year-72.06%
3 Year-40.54%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.62
ATR(20)%7.11%
ATR Inc-16.32%
Range Today0.54
ADR(20)0.55
ADR(20)%6.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.92
Mansfield-4.07
10 Day High8.91
10 Day Low6.06
20 Day High8.91
20 Day Low4.68
52 Week High24
52 Week Low3.46
CS1 End5.21
CR1 Start8.42
Volume & EV
DER(3)-0.11%
DER(5)-0.33%
Volume5.44M
Volume Incr-1.81%
Vol(5)5.45M
Vol(50)5.29M