FRK FTSE BRAZIL UCITS ETF (FLXB.MI) Stock Technical Analysis
Europe - BIT:FLXB - IE00BHZRQY00 - ETF
Taking everything into account, FLXB scores 9 out of 10 in our technical rating. In the last year, FLXB was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, FLXB also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 23.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.28, a Stop Loss order could be placed below this zone.
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18.96
4 important support areas can be observed.
- A support zone ranging from 21.59 to 22.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.54 from a trend line in the daily time frame.
- A support zone ranging from 19.71 to 19.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.15 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 23.11 to 23.20. 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 | UP | POSITIVE | The long term trend for FLXB.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLXB.MI is up. |
| ChartMill Relative Strength | 91.02 | POSITIVE | FLXB.MI has a high relative strength, it outperformed 91.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLXB.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FLXB.MI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 57.2 | NEUTRAL | The RSI value for FLXB.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests FLXB.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.04 | OVERBOUGHT | The high Stochastics value suggests FLXB.MI may be overbought. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for FLXB.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.97 | NEGATIVE | The low ADX value for FLXB.MI suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 23.21 | 21.58 | 1.63 (7.02%) | 14.24% |
| An entry @23.21. This is a Buy Stop order right above the resistance zone. | An exit @21.58. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.63 points, which is 7.02%. | When investing 14.24% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
BIT:FLXB (9/8/2025, 7:00:00 PM)
22.94
+0.21 (+0.95%)