FLNC Technical Analysis - FLUENCE ENERGY INC

Technical Rating and Analysis

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 part of the Electrical Equipment industry. There are 92 other stocks in this industry, of which 62% are performing better than FLNC.

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 6.60 - 10.86 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

FLNC has an average volume of 4567590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When compared to the yearly performance of all other stocks, FLNC outperforms 64% of them, which is more or less in line with the market.

FLNC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FLNC is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

FLUENCE ENERGY INC / FLNC Weekly stock chart

FLUENCE ENERGY INC / FLNC Daily stock chart

Setup Rating and Analysis

Although FLNC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

10.48

19.50

We found 1 important support area.

A support zone ranging from 10.59 to 10.61. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

Resistance @19.31 from a trend line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	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	64.01	NEUTRAL	FLNC is not amongst the best or worst performers 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	MIXED	The current price of FLNC is above a declining SMA(200).
Relative Strength Index/RSI (14)	74.52	OVERBOUGHT	The high RSI value suggests FLNC may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.35	POSITIVE	The MACD value suggests FLNC has a positive trend.
Stochastics (14,3)	89.11	OVERBOUGHT	The high Stochastics value suggests FLNC may be overbought.
Average True Range in percent/ATR (20)	5.78	HIGH VOLATILITY	The high ATR as a percentage value for FLNC suggests high volalility.
Average Directional Index/ADX (14)	18.6	NEGATIVE	The low ADX value for FLNC suggests a weak or negative trend.