FLOWSERVE CORP (FLS) Stock Technical Analysis
USA - NYSE:FLS - US34354P1057 - Common Stock
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.
Besides having an excellent technical rating, FLS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 69.37, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FLS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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50.23
3 important support areas can be observed.
- A support zone ranging from 69.24 to 69.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.45 from a horizontal line in the daily time frame.
- A support zone ranging from 50.74 to 50.76. 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 | 85.14 | POSITIVE | FLS has a high relative strength, it outperformed 85.14% 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) | 72.13 | OVERBOUGHT | The high RSI value suggests FLS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.94 | POSITIVE | The MACD value suggests FLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.18 | OVERBOUGHT | The high Stochastics value suggests FLS may be overbought. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for FLS suggests some volalility. |
| Average Directional Index/ADX (14) | 45.49 | 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 |
|---|---|---|---|
| 72.10 | 69.23 | 2.87 (3.97%) | 25.00% |
| An entry @72.09. This is a Buy Stop order right above the 10 day high. | An exit @69.23. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.87 points, which is 3.97%. | For a 0.99% 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.
69.38
-0.32 (-0.46%)
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 72.1298. This indicates that the stock is currently overbought.
What is the MACD signal for FLS stock?
The MACD indicator for FLOWSERVE CORP (FLS) has a value of 0.941136, indicating a bearish trend.
Can you provide the support and resistance levels for FLOWSERVE CORP?
FLOWSERVE CORP (FLS) has a support level at 69.37. Check the full technical report for our detailed analysis of FLS support and resistance levels.