FLX Technical Analysis - BINGEX LTD

Technical Rating and Analysis

Taking everything into account, FLX scores 1 out of 10 in our technical rating. FLX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, FLX is a bad performer in the overall market: 100% of all stocks are doing better.

FLX is one of the lesser performing stocks in the Air Freight & Logistics industry. 81% of 23 stocks in the same industry do better.

In the last month FLX has a been trading in the 3.00 - 3.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, FLX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 3.10, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.95

3.56

When analyzing the support we can see 2 important areas.

A support zone ranging from 3.06 to 3.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 2.98 to 3.00. This zone is formed by a combination of multiple trend lines in the daily time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 3.13 to 3.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 3.37 to 3.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @3.52 from a horizontal line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for FLX is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for FLX is neutral.
ChartMill Relative Strength	0	NEGATIVE	FLX has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FLX is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of FLX is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of FLX is below a declining SMA(200).
Relative Strength Index/RSI (14)	46.53	NEUTRAL	The RSI value for FLX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests FLX has a negative trend.
Stochastics (14,3)	31.82	NEUTRAL	The Stochastics value for FLX is a neutral value.
Average True Range in percent/ATR (20)	6.4	HIGH VOLATILITY	The high ATR as a percentage value for FLX suggests high volalility.
Average Directional Index/ADX (14)	16.19	NEGATIVE	The low ADX value for FLX suggests a weak or negative trend.