FLUTTER ENTERTAINMENT PLC-DI (FLUT) Stock Technical Analysis
NYSE:FLUT - New York Stock Exchange, Inc. - IE00BWT6H894 - Common Stock - Currency: USD
Taking everything into account, FLUT scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, FLUT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, FLUT also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 303.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 299.61, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FLUT 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.
More info and screens
215.62
When analyzing the support we can see 3 important areas.
- A support zone ranging from 298.12 to 299.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 276.33 to 277.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @217.80 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 303.21 to 306.80. 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 | UP | POSITIVE | The long term trend for FLUT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLUT is up. |
| ChartMill Relative Strength | 90.69 | POSITIVE | FLUT has a high relative strength, it outperformed 90.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLUT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FLUT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FLUT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.49 | NEUTRAL | The RSI value for FLUT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.37 | NEGATIVE | The MACD value suggests FLUT has a negative trend. |
| Stochastics (14,3) | 62.5 | NEUTRAL | The Stochastics value for FLUT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for FLUT suggests some volalility. |
| Average Directional Index/ADX (14) | 35.19 | POSITIVE | The high ADX value value for FLUT 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 |
|---|---|---|---|
| 306.81 | 298.11 | 8.70 (2.84%) | 25.00% |
| An entry @306.81. This is a Buy Stop order right above the resistance zone. | An exit @298.11. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.70 points, which is 2.84%. | For a 0.71% 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 FLUT. 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.
299.62
-2.64 (-0.87%)