FLUT Technical Analysis - FLUTTER ENTERTAINMENT PLC-DI

Technical Rating and Analysis

Overall FLUT gets a technical rating of 4 out of 10. In the last year, FLUT was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month FLUT has a been trading in the 280.13 - 309.41 range, which is quite wide. It is currently trading near the lows of this range.

When comparing the yearly performance of all stocks, we notice that FLUT is one of the better performing stocks in the market, outperforming 74% of all stocks.

FLUT 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 FLUT is lagging the market slightly.

FLUT has an average volume of 1891810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

FLUT is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 68% of 133 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FLUTTER ENTERTAINMENT PLC-DI / FLUT Weekly stock chart

FLUTTER ENTERTAINMENT PLC-DI / FLUT Daily stock chart

Setup Rating and Analysis

FLUT has an average technical rating and it also does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

219.63

311.70

When analyzing the support we can see 2 important areas.

A support zone ranging from 280.58 to 280.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @221.85 from a trend line in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 293.12 to 296.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 306.79 to 308.61. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for FLUT is down.
ChartMill Relative Strength	74.86	POSITIVE	FLUT has a high relative strength, it outperformed 74.86% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FLUT is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of FLUT is below a declining 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)	37.91	NEUTRAL	The RSI value for FLUT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.8	NEGATIVE	The MACD value suggests FLUT has a negative trend.
Stochastics (14,3)	17.15	OVERSOLD	The low Stochastics value suggests FLUT may be oversold.
Average True Range in percent/ATR (20)	2.3	MEDIUM VOLATILITY	The ATR as a percentage value for FLUT suggests some volalility.
Average Directional Index/ADX (14)	20.51	NEUTRAL	The ADX value for FLUT suggests a possible start of a new trend.