FLOWSERVE CORP (FLS) Stock Technical Analysis
NYSE:FLS - New York Stock Exchange, Inc. - US34354P1057 - Common Stock - Currency: USD
Overall FLS gets a technical rating of 4 out of 10. In the past year, FLS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
63% of all other stocks performed better in the past year than FLS.
FLS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
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 1643080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
FLS is an average performer in the Machinery industry, it outperforms 53% of 128 stocks in the same industry.
FLS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FLS is lagging the market slightly.
FLS has an average technical rating and the quality of the presented setup is also not ideal 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
40.06
52.97
When analyzing the support we can see 2 important areas.
- A support zone ranging from 48.65 to 49.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.46 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 50.84 to 52.45. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for FLS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FLS is neutral. |
| ChartMill Relative Strength | 37.44 | NEUTRAL | FLS is not amongst the best or worst performers 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 | MIXED | The current price of FLS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.62 | NEUTRAL | The RSI value for FLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests FLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.08 | NEUTRAL | The Stochastics value for FLS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for FLS suggests some volalility. |
| Average Directional Index/ADX (14) | 22.81 | NEUTRAL | The ADX value for FLS suggests a possible start of a new 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)
49.61
+0.23 (+0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.47%
1 Week-3.89%
2 Weeks3.9%
1 Month10.69%
3 Month-10.44%
6 Month-18.67%
12 Month0.2%
2 Year52.41%
3 Year57.49%
5 Year90.08%
10 Year-9.8%
15 Year56.5%
Volatility
ATR(14)1.34
ATR(20)%2.81%
ATR Inc-13.93%
Range Today1.56
ADR(20)1.19
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.44
Mansfield-0.63
10 Day High52.5
10 Day Low48.24
20 Day High52.5
20 Day Low43.47
52 Week High65.08
52 Week Low37.34
CS1 End49.6
CR1 Start50.84
Volume & EV
DER(3)-0.71%
DER(5)-0.3%
Volume946.90K
Volume Incr-52.74%
Vol(5)859.76K
Vol(50)1.64M