FLUOR CORP (FLR) Stock Technical Analysis
NYSE:FLR - New York Stock Exchange, Inc. - US3434121022 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to FLR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FLR is showing a nice and steady performance.
Besides having an excellent technical rating, FLR also presents 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 very little resistance above the current price. We notice that large players showed an interest for FLR 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.
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43.69
We found 2 important support areas.
- Support @49.10 from a horizontal line in the daily time frame.
- A support zone ranging from 44.13 to 44.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @52.57 from a trend line in the daily time frame.
- Resistance @56.14 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for FLR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLR is up. |
| ChartMill Relative Strength | 87.26 | POSITIVE | FLR has a high relative strength, it outperformed 87.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FLR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FLR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.95 | NEUTRAL | The RSI value for FLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests FLR has a negative trend. |
| Stochastics (14,3) | 69.99 | NEUTRAL | The Stochastics value for FLR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for FLR suggests some volalility. |
| Average Directional Index/ADX (14) | 42.41 | POSITIVE | The high ADX value value for FLR 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 |
|---|---|---|---|
| 52.58 | 49.56 | 3.02 (5.74%) | 17.41% |
| An entry @52.58. This is a Buy Stop order right above the resistance zone. | An exit @49.56. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.02 points, which is 5.74%. | For a 1.00% total portfolio risk, you can invest 17.41% 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.
52.27
+0.23 (+0.44%)