FLOWCO HOLDINGS INC-CL A (FLOC) Stock Technical Analysis
NYSE:FLOC • US3429091081
Taking everything into account, FLOC scores 8 out of 10 in our technical rating. Although FLOC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- FLOC is part of the Energy Equipment & Services industry. There are 60 other stocks in this industry, of which 76% are performing better than FLOC.
- The long and short term trends are both positive. This is looking good!
- FLOC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FLOC is lagging the market slightly.
- In the last month FLOC has a been trading in the 19.46 - 23.55 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that FLOC is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
FLOC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 23.32. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for FLOC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
18.33
We found 3 important support areas.
- Support @21.27 from a trend line in the daily time frame.
- A support zone ranging from 19.82 to 20.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.52 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.32 to 23.32. 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 FLOC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLOC is up. |
| ChartMill Relative Strength | 70.02 | POSITIVE | FLOC has a high relative strength, it outperformed 70.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLOC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FLOC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FLOC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.6 | NEUTRAL | The RSI value for FLOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests FLOC has a positive trend. |
| Stochastics (14,3) | 89.73 | OVERBOUGHT | The high Stochastics value suggests FLOC may be overbought. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for FLOC suggests some volalility. |
| Average Directional Index/ADX (14) | 34.86 | POSITIVE | The high ADX value value for FLOC suggests a strong 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 |
|---|---|---|---|
| 23.33 | 21.49 | 1.84 (7.89%) | 12.68% |
| An entry @23.33. This is a Buy Stop order right above the resistance zone. | An exit @21.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.84 points, which is 7.89%. | For a 1.00% total portfolio risk, you can invest 12.68% 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.
23.31
+0.07 (+0.3%)
FLOWCO HOLDINGS INC-CL A / FLOC FAQ
Can you provide the ChartMill technical rating for FLOWCO HOLDINGS INC-CL A?
ChartMill assigns a technical rating of 8 / 10 to FLOC.
What is the trend direction for FLOC stock?
The current trend direction for FLOWCO HOLDINGS INC-CL A (FLOC) is Bullish.
Can you provide the RSI signal for FLOWCO HOLDINGS INC-CL A?
FLOWCO HOLDINGS INC-CL A (FLOC) has an RSI value of 66.5957. This indicates that the stock is currently neutral.
What is the buy/sell signal for FLOWCO HOLDINGS INC-CL A (FLOC) stock?
The buy/sell signal for FLOWCO HOLDINGS INC-CL A (FLOC) is buy as both the short term and long term trends are positive.
What is the support and resistance level for FLOC stock?
FLOWCO HOLDINGS INC-CL A (FLOC) has a support level at 21.27 and a resistance level at 23.32. Check the full technical report for our detailed analysis of FLOC support and resistance levels.