BINGEX LTD (FLX) Stock Technical Analysis
NASDAQ:FLX - Nasdaq - US0903371062 - ADR - Currency: USD
We assign a technical rating of 1 out of 10 to FLX. FLX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
100% of all other stocks performed better in the past year than FLX.
FLX is one of the lesser performing stocks in the Air Freight & Logistics industry. 80% of 22 stocks in the same industry do better.
In the last month FLX has a been trading in the 2.15 - 2.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, FLX does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for FLX 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
2.27
2.55
When analyzing the support we notice one important area.
- Support @2.29 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.38 from a horizontal line in the weekly time frame.
- Resistance @2.52 from a horizontal line in the daily 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 FLX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FLX is down. |
| 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) | UP | POSITIVE | The current price of FLX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FLX is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 40.34 | NEUTRAL | The RSI value for FLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests FLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36.07 | NEUTRAL | The Stochastics value for FLX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.49 | HIGH VOLATILITY | The high ATR as a percentage value for FLX suggests high volalility. |
| Average Directional Index/ADX (14) | 33.28 | POSITIVE | The high ADX value value for FLX suggests a strong 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)
2.365
-0.09 (-3.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg-3.86%
1 Week1.94%
2 Weeks3.96%
1 Month6.05%
3 Month-72.08%
6 Month-64.96%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%7.49%
ATR Inc49.91%
Range Today0.12
ADR(20)0.16
ADR(20)%6.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High2.64
10 Day Low2.26
20 Day High2.64
20 Day Low2.15
52 Week HighN/A
52 Week LowN/A
CS1 End2.29
CR1 Start2.38
Volume & EV
DER(3)-0.51%
DER(5)8%
Volume13.10K
Volume Incr118.74%
Vol(5)68.04K
Vol(50)48.50K