FLEX LNG LTD (FLNG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FLNG - BMG359472021 - Common Stock
We assign a technical rating of 5 out of 10 to FLNG. In the last year, FLNG was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
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.
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22.46
When analyzing the support we can see 2 important areas.
- A support zone ranging from 24.87 to 24.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @22.69 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 25.48 to 25.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.25 to 26.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | UP | POSITIVE | The long term trend for FLNG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FLNG is neutral. |
| ChartMill Relative Strength | 41.19 | NEUTRAL | FLNG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FLNG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FLNG is below 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) | 42.74 | NEUTRAL | The RSI value for FLNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests FLNG has a negative trend. |
| Stochastics (14,3) | 54.26 | NEUTRAL | The Stochastics value for FLNG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for FLNG suggests some volalility. |
| Average Directional Index/ADX (14) | 12.37 | NEGATIVE | The low ADX value for FLNG suggests a weak or negative trend. |
25.37
-0.9 (-3.43%)
FLEX LNG LTD / FLNG FAQ
Can you provide the ChartMill technical rating for FLEX LNG LTD?
ChartMill assigns a technical rating of 5 / 10 to FLNG.
Can you provide the trend direction for FLEX LNG LTD?
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 42.7385. This indicates that the stock is currently neutral.
What is the MACD signal for FLNG stock?
The MACD indicator for FLEX LNG LTD (FLNG) has a value of -0.098292, indicating a bearish trend.