FLOWSERVE CORP (FLS) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:FLS • US34354P1057
Taking everything into account, FLS scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, FLS has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, FLS did better than 81% of all other stocks.
- FLS is part of the Machinery industry. There are 132 other stocks in this industry. FLS outperforms 75% of them.
- FLS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month FLS has a been trading in the 69.25 - 78.84 range, which is quite wide. It is currently trading near the high of this range.
- FLS has an average volume of 1229870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, FLS also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 77.97, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
53.90
We found 4 important support areas.
- A support zone ranging from 75.48 to 77.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 70.75 to 72.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @69.20 from a horizontal line in the daily time frame.
- Support @54.44 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 78.16 to 78.64. 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 FLS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLS is up. |
| ChartMill Relative Strength | 81.34 | POSITIVE | FLS has a high relative strength, it outperformed 81.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FLS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FLS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.82 | NEUTRAL | The RSI value for FLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests FLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.06 | OVERBOUGHT | The high Stochastics value suggests FLS may be overbought. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for FLS suggests some volalility. |
| Average Directional Index/ADX (14) | 27.56 | POSITIVE | The high ADX value value for FLS 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 |
|---|---|---|---|
| 78.65 | 75.47 | 3.18 (4.04%) | 24.73% |
| An entry @78.65. This is a Buy Stop order right above the resistance zone. | An exit @75.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.18 points, which is 4.04%. | For a 1.00% total portfolio risk, you can invest 24.73% 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.
78.15
-0.49 (-0.62%)
FLOWSERVE CORP / FLS FAQ
What is the ChartMill technical rating of FLOWSERVE CORP (FLS) stock?
ChartMill assigns a technical rating of 10 / 10 to FLS.
What is the trend direction for FLS stock?
The current trend direction for FLOWSERVE CORP (FLS) is Bullish.
What is the RSI signal for FLOWSERVE CORP (FLS) stock?
FLOWSERVE CORP (FLS) has an RSI value of 64.8176. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FLOWSERVE CORP?
The short term momentum for FLOWSERVE CORP (FLS) is positive.
What is the support and resistance level for FLS stock?
FLOWSERVE CORP (FLS) has a support level at 77.97 and a resistance level at 78.16. Check the full technical report for our detailed analysis of FLS support and resistance levels.