FLOWSERVE CORP (FLS) Technical Analysis
NYSE:FLS • US34354P1057
Taking everything into account, FLS scores 7 out of 10 in our technical rating. In the last year, FLS was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month FLS has a been trading in the 73.44 - 92.41 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, FLS did better than 88% of all other stocks. We also observe that the gains produced by FLS over the past year are nicely spread over this period.
- FLS is part of the Machinery industry. There are 131 other stocks in this industry. FLS outperforms 83% of them.
- 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.
- FLS has an average volume of 1477680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Although FLS has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
52.64
When analyzing the support we can see 3 important areas.
- A support zone ranging from 76.23 to 77.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @56.44 from a trend line in the weekly time frame.
- A support zone ranging from 53.17 to 53.34. 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 | DOWN | NEGATIVE | The short term trend for FLS is down. |
| ChartMill Relative Strength | 88.47 | POSITIVE | FLS has a high relative strength, it outperformed 88.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FLS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FLS is below 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) | 39.61 | NEUTRAL | The RSI value for FLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.65 | NEGATIVE | The MACD value suggests FLS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.08 | NEUTRAL | The Stochastics value for FLS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.84 | MEDIUM VOLATILITY | The ATR as a percentage value for FLS suggests some volalility. |
| Average Directional Index/ADX (14) | 37.57 | POSITIVE | The high ADX value value for FLS suggests a strong trend. |
FLS Technicals: Chart, Performance Metrics, Trend & Indicators
78.77
+0.06 (+0.08%)
FLOWSERVE CORP / FLS FAQ
What is the ChartMill technical rating of FLOWSERVE CORP (FLS) stock?
ChartMill assigns a technical rating of 7 / 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 39.6139. 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 negative.
What is the support and resistance level for FLS stock?
FLOWSERVE CORP (FLS) has a support level at 77.04. Check the full technical report for our detailed analysis of FLS support and resistance levels.