FLEX LNG LTD (FLNG) Stock Technical Analysis
NYSE:FLNG - New York Stock Exchange, Inc. - BMG359472021 - Common Stock - Currency: USD
Overall FLNG gets a technical rating of 4 out of 10. FLNG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month FLNG has a been trading in the 22.24 - 25.21 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.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, FLNG outperforms 47% of them, which is more or less in line with the market.
FLNG is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, FLNG did better than 60% of them.
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 only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 24.00, a Stop Loss order could be placed below this zone.
More info and screens
22.17
27.18
3 important support areas can be observed.
- A support zone ranging from 23.38 to 24.00. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 24.15 to 25.21. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for FLNG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FLNG is neutral. |
| ChartMill Relative Strength | 47.97 | 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 | NEGATIVE | The current price of FLNG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.39 | NEUTRAL | The RSI value for FLNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests FLNG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.11 | NEUTRAL | The Stochastics value for FLNG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for FLNG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.72 | 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)
24.15
+0.43 (+1.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.81%
1 Week-2.38%
2 Weeks1.43%
1 Month-1.91%
3 Month10.83%
6 Month8.34%
12 Month-6.58%
2 Year-20.9%
3 Year-11.83%
5 Year422.73%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%2.68%
ATR Inc-36.37%
Range Today0.55
ADR(20)0.61
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.97
Mansfield-0.7
10 Day High25.15
10 Day Low23.17
20 Day High25.21
20 Day Low22.24
52 Week High28.27
52 Week Low19.46
CS1 End24
CR1 Start24.15
Volume & EV
DER(3)0.68%
DER(5)-0.39%
Volume490.20K
Volume Incr13.79%
Vol(5)394.08K
Vol(50)380.47K