FLEX LNG LTD (FLNG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FLNG - BMG359472021 - Common Stock
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.
FLNG has an average technical rating and the quality of the presented setup is also not ideal 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.
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22.46
When analyzing the support we can see 2 important areas.
- A support zone ranging from 24.34 to 25.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.69 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @26.63 from a trend line in the weekly time frame.
- A resistance zone ranging from 27.25 to 27.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for FLNG is up. |
| ChartMill Relative Strength | 45 | NEUTRAL | FLNG is not amongst the best or worst performers 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) | 59.31 | NEUTRAL | The RSI value for FLNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests FLNG has a positive trend. |
| Stochastics (14,3) | 92.34 | OVERBOUGHT | The high Stochastics value suggests FLNG may be overbought. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for FLNG suggests low volalility. |
| Average Directional Index/ADX (14) | 12.93 | NEGATIVE | The low ADX value for FLNG suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 26.64 | 24.21 | 2.44 (9.14%) | 10.94% |
| An entry @26.64. This is a Buy Stop order right above the resistance zone. | An exit @24.20. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.44 points, which is 9.14%. | For a 1.00% total portfolio risk, you can invest 10.94% of your capital in this trade. |
- 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.
25.81
+0.09 (+0.35%)
FLEX LNG LTD / FLNG FAQ
Can you provide the ChartMill technical rating for FLEX LNG LTD?
ChartMill assigns a technical rating of 6 / 10 to FLNG.
What is the trend direction for FLNG stock?
The current trend direction for FLEX LNG LTD (FLNG) is Bearish.
What is the RSI signal for FLEX LNG LTD (FLNG) stock?
FLEX LNG LTD (FLNG) has an RSI value of 59.3119. 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 0.147338, 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 25.63 and a resistance level at 26.63. Check the full technical report for our detailed analysis of FLNG support and resistance levels.