FLUTTER ENTERTAINMENT PLC-DI (FLUT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FLUT - IE00BWT6H894 - Common Stock
Taking everything into account, FLUT scores 0 out of 10 in our technical rating. FLUT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, FLUT is a bad performer in the overall market: 87% of all stocks are doing better.
- FLUT is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 72% of 133 stocks in the same industry do better.
- FLUT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month FLUT has a been trading in the 195.69 - 226.56 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- FLUT has an average volume of 2500540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of FLUT is bad and it also does not present a 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.
More info and screens
189.19
When analyzing the support we notice one important area.
- A support zone ranging from 191.10 to 194.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 211.47 to 215.39. 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 221.91 to 223.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @236.67 from a horizontal line in the daily time frame.
- Resistance @298.81 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for FLUT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FLUT is down. |
| ChartMill Relative Strength | 13.25 | NEGATIVE | FLUT has a low relative strength, it was outperformed by 86.75% 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) | DOWN | NEGATIVE | The current price of FLUT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.84 | NEUTRAL | The RSI value for FLUT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.08 | NEGATIVE | The MACD value suggests FLUT has a negative trend. |
| Stochastics (14,3) | 10.51 | OVERSOLD | The low Stochastics value suggests FLUT may be oversold. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for FLUT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.22 | NEGATIVE | The low ADX value for FLUT suggests a weak or negative trend. |
201.08
+1.23 (+0.62%)
FLUTTER ENTERTAINMENT PLC-DI / FLUT FAQ
What is the ChartMill technical rating of FLUTTER ENTERTAINMENT PLC-DI (FLUT) stock?
ChartMill assigns a technical rating of 0 / 10 to FLUT.
Can you provide the trend direction for FLUTTER ENTERTAINMENT PLC-DI?
The current trend direction for FLUTTER ENTERTAINMENT PLC-DI (FLUT) is Bearish.
Can you provide the RSI signal for FLUTTER ENTERTAINMENT PLC-DI?
FLUTTER ENTERTAINMENT PLC-DI (FLUT) has an RSI value of 35.843. This indicates that the stock is currently neutral.
What is the MACD signal for FLUTTER ENTERTAINMENT PLC-DI (FLUT) stock?
The MACD indicator for FLUTTER ENTERTAINMENT PLC-DI (FLUT) has a value of -2.08329, indicating a bearish trend.
What is the buy/sell signal for FLUT stock?
The buy/sell signal for FLUTTER ENTERTAINMENT PLC-DI (FLUT) is sell as both the short term and long term trends are negative.