FLX Technical Analysis - BINGEX LTD

Technical Rating and Analysis

Taking everything into account, FLX scores 5 out of 10 in our technical rating. FLX has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

When comparing the yearly performance of all stocks, FLX is a bad performer in the overall market: 95% of all stocks are doing better.

FLX is part of the Air Freight & Logistics industry. There are 23 other stocks in this industry, of which 63% are performing better than FLX.

FLX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

In the last month FLX has a been trading in the 3.10 - 3.78 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 only medium, FLX does present a nice setup opportunity. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.95

3.63

We found 3 important support areas.

A support zone ranging from 3.21 to 3.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 3.08 to 3.11. 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.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 3.27 to 3.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 3.45 to 3.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 3.57 to 3.59. This zone is formed by a combination of multiple trend lines in the daily time frame.

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Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for FLX is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for FLX is neutral.
ChartMill Relative Strength	5.72	NEGATIVE	FLX has a low relative strength, it was outperformed by 94.28% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of FLX is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of FLX is above the rising 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)	46.78	NEUTRAL	The RSI value for FLX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests FLX has a negative trend.
Stochastics (14,3)	36.04	NEUTRAL	The Stochastics value for FLX is a neutral value.
Average True Range in percent/ATR (20)	6.52	HIGH VOLATILITY	The high ATR as a percentage value for FLX suggests high volalility.
Average Directional Index/ADX (14)	17.06	NEGATIVE	The low ADX value for FLX suggests a weak or negative trend.