FLEX LNG LTD (FLNG) Stock Technical Analysis
NYSE:FLNG - New York Stock Exchange, Inc. - BMG359472021 - Common Stock - Currency: USD
Taking everything into account, FLNG scores 0 out of 10 in our technical rating. FLNG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
83% of all other stocks performed better in the past year than FLNG.
FLNG is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 65% of 210 stocks in the same industry do better.
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.
In the last month FLNG has a been trading in the 21.72 - 24.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FLNG has a poor technical rating and the quality of the setup is also 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
21.67
27.20
We found 1 important support area.
- A support zone ranging from 21.89 to 22.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 23.37 to 24.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.76 to 24.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.28 from a trend line in the daily time frame.
- Resistance @26.93 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 | DOWN | NEGATIVE | The long term trend for FLNG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FLNG is neutral. |
| ChartMill Relative Strength | 17.27 | NEGATIVE | FLNG has a low relative strength, it was outperformed by 82.73% off all stocks 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) | DOWN | NEGATIVE | The current price of FLNG is below a declining 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) | 50.73 | NEUTRAL | The RSI value for FLNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FLNG has a positive trend. |
| Stochastics (14,3) | 49.01 | NEUTRAL | The Stochastics value for FLNG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for FLNG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.88 | 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)
23.1
+0.65 (+2.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.9%
1 Week0.65%
2 Weeks1.81%
1 Month-5.33%
3 Month-0.77%
6 Month-7.93%
12 Month-14.22%
2 Year-27.4%
3 Year-27.5%
5 Year313.98%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%2.43%
ATR Inc33.34%
Range Today0.45
ADR(20)0.52
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.27
Mansfield-1.22
10 Day High23.36
10 Day Low21.86
20 Day High24.68
20 Day Low21.72
52 Week High27.77
52 Week Low19.46
CS1 End22.24
CR1 Start23.37
Volume & EV
DER(3)2.73%
DER(5)0.37%
Volume477.80K
Volume Incr-29.06%
Vol(5)329.22K
Vol(50)392.12K