FLEX LNG LTD (FLNG.OL) Stock Technical Analysis
OSL:FLNG - Euronext Oslo - BMG359472021 - Common Stock - Currency: NOK
Overall FLNG gets a technical rating of 0 out of 10. FLNG'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.
74% of all other stocks performed better in the past year than FLNG.
Warning: FLNG has an average volume of 19823 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month FLNG has a been trading in the 224.00 - 262.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
FLNG is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 58% of 61 stocks in the same industry.
FLNG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FLNG is lagging the market slightly.
Although the technical rating is bad, FLNG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 239.53, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FLNG in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
232.45
279.32
When analyzing the support we notice one important area.
- A support zone ranging from 234.80 to 240.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 249.06 to 249.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 259.01 to 259.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @276.55 from a trend 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 | DOWN | NEGATIVE | The long term trend for FLNG.OL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FLNG.OL is neutral. |
| ChartMill Relative Strength | 26.25 | NEGATIVE | FLNG.OL has a low relative strength, it was outperformed by 73.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FLNG.OL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FLNG.OL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FLNG.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.4 | NEUTRAL | The RSI value for FLNG.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests FLNG.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.03 | NEUTRAL | The Stochastics value for FLNG.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.89 | MEDIUM VOLATILITY | The ATR as a percentage value for FLNG.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.51 | NEGATIVE | The low ADX value for FLNG.OL 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)
OSL:FLNG (6/19/2025, 4:19:55 PM)
241
+1 (+0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.42%
1 Week0%
2 Weeks-2.64%
1 Month-5.88%
3 Month1.1%
6 Month-0.5%
12 Month-16.49%
2 Year-26.65%
3 Year-11.89%
5 Year441.52%
10 YearN/A
15 YearN/A
Volatility
ATR(14)8.86
ATR(20)%3.89%
ATR Inc25.56%
Range Today5
ADR(20)8.73
ADR(20)%3.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.25
Mansfield-1.3
10 Day High251.5
10 Day Low224
20 Day High262
20 Day Low224
52 Week High305
52 Week Low206
CS1 End239.53
CR1 Start240.4
Volume & EV
DER(3)3.66%
DER(5)1.42%
Volume5.88K
Volume Incr-9.44%
Vol(5)19.79K
Vol(50)19.82K