FLOWSERVE CORP (FLS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FLS - US34354P1057 - Common Stock
Overall FLS gets a technical rating of 9 out of 10. 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.
FLS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 71.35. Right above this resistance zone may be a good entry point.
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51.24
When analyzing the support we can see 2 important areas.
- Support @65.54 from a horizontal line in the daily time frame.
- A support zone ranging from 51.76 to 52.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 71.35 to 71.85. 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 | 86.67 | POSITIVE | FLS has a high relative strength, it outperformed 86.67% 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) | 64.78 | NEUTRAL | The RSI value for FLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests FLS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 82.22 | OVERBOUGHT | The high Stochastics value suggests FLS may be overbought. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for FLS suggests some volalility. |
| Average Directional Index/ADX (14) | 40.19 | 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 |
|---|---|---|---|
| 71.86 | 65.41 | 6.45 (8.98%) | 11.13% |
| An entry @71.86. This is a Buy Stop order right above the resistance zone. | An exit @65.41. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 6.45 points, which is 8.98%. | When investing 11.13% 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.
70.9
+0.94 (+1.34%)
FLOWSERVE CORP / FLS 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 current trend direction of FLOWSERVE CORP (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 64.7801. This indicates that the stock is currently neutral.
What is the MACD signal for FLS stock?
The MACD indicator for FLOWSERVE CORP (FLS) has a value of -0.217709, indicating a bearish trend.
Can you provide the support and resistance levels for FLOWSERVE CORP?
FLOWSERVE CORP (FLS) has a support level at 65.54 and a resistance level at 71.35. Check the full technical report for our detailed analysis of FLS support and resistance levels.