FLUTTER ENTERTAINMENT PLC-DI (FLUT) Stock Technical Analysis
NYSE:FLUT - New York Stock Exchange, Inc. - IE00BWT6H894 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to FLUT. In the past year, FLUT was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
FLUT is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 71% of 133 stocks in the same industry.
In the last month FLUT has a been trading in the 230.63 - 253.68 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
FLUT has an average volume of 2238750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that FLUT is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
FLUT 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 FLUT is lagging the market slightly.
Although the technical rating is only medium, FLUT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 252.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 246.56, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
204.82
255.24
We found 4 important support areas.
- A support zone ranging from 244.14 to 246.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 234.46 to 236.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @212.40 from a trend line in the weekly time frame.
- Support @206.89 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 252.71 to 252.71. 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 | NEUTRAL | NEUTRAL | The long term trend for FLUT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLUT is up. |
| ChartMill Relative Strength | 81.84 | POSITIVE | FLUT has a high relative strength, it outperformed 81.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FLUT is above a declining 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) | 53.26 | NEUTRAL | The RSI value for FLUT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FLUT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.47 | NEUTRAL | The Stochastics value for FLUT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for FLUT suggests some volalility. |
| Average Directional Index/ADX (14) | 9.56 | NEGATIVE | The low ADX value for FLUT suggests a weak or negative 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)
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 |
|---|---|---|---|
| 252.72 | 244.13 | 8.59 (3.40%) | 25.00% |
| An entry @252.72. This is a Buy Stop order right above the resistance zone. | An exit @244.13. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.59 points, which is 3.40%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.85%. |
- 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.
246.57
+0.74 (+0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg0.3%
1 Week0.55%
2 Weeks-1.11%
1 Month-1.08%
3 Month-0.68%
6 Month-12.06%
12 Month28.72%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.77
ATR(20)%2.76%
ATR Inc12.78%
Range Today4.19
ADR(20)6.08
ADR(20)%2.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.84
Mansfield0.01
10 Day High253.68
10 Day Low234.38
20 Day High253.68
20 Day Low230.63
52 Week High299.73
52 Week Low174.03
CS1 End246.56
CR1 Start252.71
Volume & EV
DER(3)-2.24%
DER(5)-3.24%
Volume886.70K
Volume Incr-9.52%
Vol(5)1.56M
Vol(50)2.24M