FLUENCE ENERGY INC (FLNC) Stock Technical Analysis
NASDAQ:FLNC - Nasdaq - US34379V1035 - Common Stock - Currency: USD
Overall FLNC gets a technical rating of 2 out of 10. FLNC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
94% of all other stocks performed better in the past year than FLNC.
FLNC is one of the lesser performing stocks in the Electrical Equipment industry. 72% of 94 stocks in the same industry do better.
FLNC is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so FLNC is lagging the market.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
FLNC has an average volume of 4693560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month FLNC has a been trading in the 4.40 - 5.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, FLNC does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
4.39
5.72
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.69 to 4.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.43 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @5.02 from a horizontal line in the daily time frame.
- Resistance @5.17 from a trend line in the daily time frame.
- A resistance zone ranging from 5.41 to 5.49. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @5.66 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for FLNC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FLNC is neutral. |
| ChartMill Relative Strength | 6.43 | NEGATIVE | FLNC has a low relative strength, it was outperformed by 93.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FLNC is above a declining 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) | 54.65 | NEUTRAL | The RSI value for FLNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FLNC has a positive trend. |
| Stochastics (14,3) | 71.25 | NEUTRAL | The Stochastics value for FLNC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.85 | HIGH VOLATILITY | The high ATR as a percentage value for FLNC suggests high volalility. |
| Average Directional Index/ADX (14) | 16.84 | NEGATIVE | The low ADX value for FLNC 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)
5.01
+0.16 (+3.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg3.3%
1 Week6.14%
2 Weeks6.6%
1 Month-6.7%
3 Month-2.34%
6 Month-70.82%
12 Month-75.48%
2 Year-81.19%
3 Year-47.15%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%6.85%
ATR Inc-1.44%
Range Today0.48
ADR(20)0.33
ADR(20)%6.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.43
Mansfield-6.46
10 Day High5.16
10 Day Low4.4
20 Day High5.76
20 Day Low4.4
52 Week High24
52 Week Low3.46
CS1 End4.7
CR1 Start5.02
Volume & EV
DER(3)2.7%
DER(5)1.9%
Volume4.02M
Volume Incr-45.21%
Vol(5)2.52M
Vol(50)4.69M