FLEX LNG LTD (FLNG) Stock Technical Analysis
NYSE:FLNG - New York Stock Exchange, Inc. - BMG359472021 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to FLNG. In the last year, FLNG was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month FLNG has a been trading in the 22.24 - 25.15 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, FLNG outperforms 40% of them, which is more or less in line with the market.
FLNG is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 58% of 213 stocks in the same industry.
FLNG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FLNG is lagging the market.
FLNG has an average technical rating and also the quality of the setup is only medium 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
22.17
27.18
3 important support areas can be observed.
- A support zone ranging from 23.49 to 24.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.92 from a horizontal line in the weekly time frame.
- Support @22.39 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 24.76 to 25.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.91 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 | 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 | 40.57 | NEUTRAL | FLNG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FLNG is above a declining 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) | DOWN | MIXED | The current price of FLNG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.85 | NEUTRAL | The RSI value for FLNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests FLNG has a positive trend. |
| Stochastics (14,3) | 71.57 | NEUTRAL | The Stochastics value for FLNG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for FLNG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.37 | NEGATIVE | The low ADX value for FLNG 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)
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 |
|---|---|---|---|
| 25.21 | 23.48 | 1.73 (6.86%) | 14.57% |
| An entry @25.21. This is a Buy Stop order right above the resistance zone. | An exit @23.48. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.73 points, which is 6.86%. | When investing 14.57% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
24.6
-0.01 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.04%
1 Week4.06%
2 Weeks0.94%
1 Month-0.65%
3 Month9.97%
6 Month15.33%
12 Month-10.42%
2 Year-19.42%
3 Year-10.19%
5 Year432.47%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%2.77%
ATR Inc27.34%
Range Today0.68
ADR(20)0.64
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.57
Mansfield-0.47
10 Day High25.15
10 Day Low23.17
20 Day High25.15
20 Day Low22.24
52 Week High28.27
52 Week Low19.46
CS1 End24.38
CR1 Start24.76
Volume & EV
DER(3)3.67%
DER(5)2.12%
Volume404.20K
Volume Incr9.93%
Vol(5)403.42K
Vol(50)375.47K