FLEX LNG LTD (FLNG) Technical Analysis
NYSE:FLNG • BMG359472021
Current stock price
30.19 USD
-0.02 (-0.07%)
At close:
29.9687 USD
-0.22 (-0.73%)
After Hours:
FLNG Technical Rating and Analysis
Taking everything into account, FLNG scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, FLNG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, FLNG did better than 86% of all other stocks.
- FLNG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FLNG is performing more or less in line with the market.
- FLNG is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 48% of 209 stocks in the same industry.
- In the last month FLNG has a been trading in the 27.29 - 31.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FLNG Weekly and Daily overview Charts
FLNG Setup Rating and Analysis
FLNG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
FLNG Support and Resistance Analysis
24.11
30.49
When analyzing the support we can see 6 important areas.
- A support zone ranging from 29.70 to 29.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 27.91 to 28.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.55 to 26.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 25.93 to 25.99. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Strong support @24.95 from a horizontal line in the daily time frame.
- A support zone ranging from 24.35 to 24.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
FLNG 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 | UP | POSITIVE | The long term trend for FLNG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLNG is up. |
| ChartMill Relative Strength | 86.53 | POSITIVE | FLNG has a high relative strength, it outperformed 86.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLNG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FLNG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FLNG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.65 | NEUTRAL | The RSI value for FLNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests FLNG has a negative trend. |
| Stochastics (14,3) | 53.66 | NEUTRAL | The Stochastics value for FLNG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.57 | MEDIUM VOLATILITY | The ATR as a percentage value for FLNG suggests some volalility. |
| Average Directional Index/ADX (14) | 33.08 | POSITIVE | The high ADX value value for FLNG suggests a strong trend. |
FLNG Chart- and CandleStick Pattern Analysis
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)
FLNG Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 30.21 | 29.69 | 0.52 (1.72%) | 25.00% |
| An entry @30.21. This is a Buy Stop order right above the 10 day moving average. | An exit @29.69. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.52 points, which is 1.72%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.43%. |
- The distance between exit and entry is rather small compared to the average daily movement of FLNG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FLNG Technicals: Chart, Performance Metrics, Trend & Indicators
30.19
-0.02 (-0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.07%
1 Week0.37%
2 Weeks5.45%
1 Month10.51%
3 Month23.12%
6 Month19.05%
12 Month31.15%
2 Year18.72%
3 Year-10.1%
5 Year238.07%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.02
ATR(20)%3.57%
ATR Inc-37.08%
Range Today0.56
ADR(20)1.04
ADR(20)%3.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.53
3 months CRS92.77
6 months CRS87.93
Mansfield2.03
10 Day High31.99
10 Day Low28.55
20 Day High31.99
20 Day Low27.29
52 Week High31.99
52 Week Low19.46
CS1 End29.75
CR1 StartN/A
Volume & EV
DER(3)1.08%
DER(5)1.78%
Volume490.60K
Volume Incr-39.75%
Vol(5)561.44K
Vol(50)636.95K
FLEX LNG LTD / FLNG TA FAQ
Can you provide the ChartMill technical rating for FLEX LNG LTD?
ChartMill assigns a technical rating of 10 / 10 to FLNG.
What is the trend direction for FLNG stock?
The current trend direction for FLEX LNG LTD (FLNG) is Bullish.
What is the RSI signal for FLEX LNG LTD (FLNG) stock?
FLEX LNG LTD (FLNG) has an RSI value of 57.6539. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FLEX LNG LTD?
The MACD indicator for FLEX LNG LTD (FLNG) has a value of -0.0281569, indicating a bearish trend.
Can you provide the support and resistance levels for FLEX LNG LTD?
FLEX LNG LTD (FLNG) has a support level at 29.75. Check the full technical report for our detailed analysis of FLNG support and resistance levels.