FLOWSERVE CORP (FLS) Technical Analysis
NYSE:FLS • US34354P1057
Current stock price
FLS Technical Rating and Analysis
Taking everything into account, FLS scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FLS is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that FLS is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, FLS also shows a nice and consistent pattern of rising prices.
- FLS is one of the better performing stocks in the Machinery industry, it outperforms 83% of 131 stocks in the same industry.
- FLS 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 FLS is lagging the market slightly.
- In the last month FLS has a been trading in the 68.89 - 85.56 range, which is quite wide. It is currently trading near the high of this range.
- FLS has an average volume of 1819720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FLS Weekly and Daily overview Charts
FLS Setup Rating and Analysis
Besides having an excellent technical rating, FLS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
FLS Support and Resistance Analysis
57.86
6 important support areas can be observed.
- A support zone ranging from 80.72 to 80.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 77.83 to 78.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @76.25 from a trend line in the weekly time frame.
- A support zone ranging from 70.75 to 71.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @69.20 from a horizontal line in the daily time frame.
- Support @58.44 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @82.83 from a trend line in the daily time frame.
- Resistance @92.04 from a horizontal line in the daily time frame.
FLS Technical Indicator Signal Analysis
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 | 88.57 | POSITIVE | FLS has a high relative strength, it outperformed 88.57% 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) | DOWN | MIXED | The current price of FLS is above a declining 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) | 56.3 | NEUTRAL | The RSI value for FLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests FLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.58 | NEUTRAL | The Stochastics value for FLS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for FLS suggests some volalility. |
| Average Directional Index/ADX (14) | 21.82 | NEUTRAL | The ADX value for FLS suggests a possible start of a new trend. |
FLS Chart- and CandleStick Pattern Analysis
FLS Example Setup
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 |
|---|---|---|---|
| 82.84 | 80.71 | 2.13 (2.57%) | 25.00% |
| An entry @82.84. This is a Buy Stop order right above the resistance zone. | An exit @80.71. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.13 points, which is 2.57%. | For a 0.64% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FLS. Please evaluate whether better entry and exit points can be found.
- 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.
FLS Technicals: Chart, Performance Metrics, Trend & Indicators
82.73
+0.69 (+0.84%)
FLOWSERVE CORP / FLS TA FAQ
What is the ChartMill technical rating of FLOWSERVE CORP (FLS) stock?
ChartMill assigns a technical rating of 9 / 10 to FLS.
What is the trend direction for FLS stock?
The current trend direction for FLOWSERVE CORP (FLS) is Bullish.
Can you provide the RSI signal for FLOWSERVE CORP?
FLOWSERVE CORP (FLS) has an RSI value of 56.3002. This indicates that the stock is currently neutral.
What is the MACD signal for FLOWSERVE CORP (FLS) stock?
The MACD indicator for FLOWSERVE CORP (FLS) has a value of 0.536667, indicating a bearish trend.
What is the buy/sell signal for FLOWSERVE CORP (FLS) stock?
The buy/sell signal for FLOWSERVE CORP (FLS) is buy as both the short term and long term trends are positive.