FLOWSERVE CORP (FLS) Stock Technical Analysis
NYSE:FLS - US34354P1057 - Common Stock
53.66 USD
-1.06 (-1.94%)
53.66 USD
0 (0%)
We assign a technical rating of 7 out of 10 to FLS. Although FLS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
In the last month FLS has a been trading in the 51.41 - 55.19 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
FLS has an average volume of 2693770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, FLS outperforms 58% of them, which is more or less in line with the market.
FLS is part of the Machinery industry. There are 127 other stocks in this industry, FLS did better than 53% of them.
FLS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FLS is lagging the market.
FLS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 54.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 53.43, a Stop Loss order could be placed below this zone. 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
40.84
56.77
When analyzing the support we can see 3 important areas.
- A support zone ranging from 51.39 to 53.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @45.99 from a horizontal line in the weekly time frame.
- Support @41.25 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 54.69 to 55.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @56.21 from a horizontal line in the daily 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 FLS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLS is up. |
| ChartMill Relative Strength | 58.16 | NEUTRAL | FLS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FLS is above a declining 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) | DOWN | NEGATIVE | The current price of FLS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.3 | NEUTRAL | The RSI value for FLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests FLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.83 | NEUTRAL | The Stochastics value for FLS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for FLS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.2 | NEGATIVE | The low ADX value for FLS suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 55.31 | 51.41 | 3.90 (7.06%) | 14.16% |
| An entry @55.31. This is a Buy Stop order right above the resistance zone. | An exit @51.41. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.90 points, which is 7.06%. | When investing 14.16% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
53.66
-1.06 (-1.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.94%
1 Week0.21%
2 Weeks1.98%
1 Month-0.33%
3 Month7.51%
6 Month-2.51%
12 Month7.58%
2 Year35.61%
3 Year76.11%
5 Year80.8%
10 Year18.9%
15 Year80.11%
Volatility
ATR(14)1.13
ATR(20)%2.16%
ATR Inc-11.07%
Range Today1.3
ADR(20)1.12
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.16
Mansfield-0.79
10 Day High55.19
10 Day Low51.42
20 Day High55.19
20 Day Low51.42
52 Week High65.08
52 Week Low37.34
CS1 End53.43
CR1 Start54.69
Volume & EV
DER(3)-7.97%
DER(5)-5.4%
Volume1.24M
Volume Incr-42.57%
Vol(5)1.45M
Vol(50)2.69M