FLEXSTEEL INDS (FLXS) Stock Technical Analysis
NASDAQ:FLXS - Nasdaq - US3393821034 - Common Stock - Currency: USD
Overall FLXS gets a technical rating of 6 out of 10. FLXS has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
FLXS 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.
Warning: FLXS has an average volume of 22562 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
FLXS is one of the better performing stocks in the Household Durables industry, it outperforms 74% of 63 stocks in the same industry.
FLXS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the performance of all stocks over the past year, FLXS turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
Although the technical rating is only medium, FLXS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 39.25. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for FLXS 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
28.83
40.07
4 important support areas can be observed.
- A support zone ranging from 37.88 to 37.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 37.06 to 37.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.35 from a trend line in the weekly time frame.
- Support @29.12 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 39.25 to 39.67. 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 FLXS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLXS is up. |
| ChartMill Relative Strength | 53.99 | NEUTRAL | FLXS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLXS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FLXS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FLXS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.77 | NEUTRAL | The RSI value for FLXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests FLXS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.42 | NEUTRAL | The Stochastics value for FLXS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.38 | MEDIUM VOLATILITY | The ATR as a percentage value for FLXS suggests some volalility. |
| Average Directional Index/ADX (14) | 20.75 | NEUTRAL | The ADX value for FLXS suggests a possible start of a new 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 |
|---|---|---|---|
| 39.68 | 37.87 | 1.81 (4.56%) | 21.92% |
| An entry @39.68. This is a Buy Stop order right above the resistance zone. | An exit @37.87. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.81 points, which is 4.56%. | When investing 21.92% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of FLXS. 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.
37.92
+0.5 (+1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg1.34%
1 Week1.04%
2 Weeks-2.87%
1 Month6.43%
3 Month15.26%
6 Month-23.98%
12 Month-1.38%
2 Year93.77%
3 Year107.67%
5 Year140.46%
10 Year-5.01%
15 Year238.27%
Volatility
ATR(14)1.62
ATR(20)%4.38%
ATR Inc-42.58%
Range Today0.74
ADR(20)1.6
ADR(20)%4.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.99
Mansfield-1.9
10 Day High40.57
10 Day Low36.67
20 Day High40.57
20 Day Low35.55
52 Week High65.87
52 Week Low29.38
CS1 End37.91
CR1 Start39.25
Volume & EV
DER(3)4.19%
DER(5)1.95%
Volume11.10K
Volume Incr-57.45%
Vol(5)14.64K
Vol(50)22.56K