FLEXSTEEL INDS (FLXS) Technical Analysis
NASDAQ:FLXS • US3393821034
Current stock price
49.68 USD
-0.36 (-0.72%)
At close:
49.68 USD
0 (0%)
After Hours:
FLXS Technical Rating and Analysis
Taking everything into account, FLXS scores 7 out of 10 in our technical rating. FLXS was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- Looking at the yearly performance, FLXS did better than 85% of all other stocks. We also observe that the gains produced by FLXS over the past year are nicely spread over this period.
- FLXS is one of the better performing stocks in the Household Durables industry, it outperforms 93% of 60 stocks in the same industry.
- FLXS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FLXS is lagging the market slightly.
- In the last month FLXS has a been trading in the 43.22 - 52.84 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
FLXS Weekly and Daily overview Charts
FLXS Setup Rating and Analysis
FLXS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
FLXS Support and Resistance Analysis
28.83
57.00
6 important support areas can be observed.
- Support @49.55 from a trend line in the daily time frame.
- A support zone ranging from 46.79 to 47.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.79 to 45.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 42.74 to 43.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.16 from a trend line in the weekly time frame.
- Support @29.12 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 49.69 to 50.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @56.44 from a trend line in the weekly time frame.
FLXS 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 FLXS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FLXS is neutral. |
| ChartMill Relative Strength | 85.74 | POSITIVE | FLXS has a high relative strength, it outperformed 85.74% off all stocks 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) | DOWN | MIXED | The current price of FLXS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FLXS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.09 | NEUTRAL | The RSI value for FLXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests FLXS has a positive trend. |
| Stochastics (14,3) | 60.76 | NEUTRAL | The Stochastics value for FLXS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.42 | HIGH VOLATILITY | The high ATR as a percentage value for FLXS suggests high volalility. |
| Average Directional Index/ADX (14) | 14.28 | NEGATIVE | The low ADX value for FLXS suggests a weak or negative trend. |
FLXS Chart- and CandleStick Pattern Analysis
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)
FLXS Technicals: Chart, Performance Metrics, Trend & Indicators
49.68
-0.36 (-0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-0.72%
1 Week10.11%
2 Weeks4.09%
1 Month8.38%
3 Month20.67%
6 Month37.58%
12 Month51%
2 Year50.73%
3 Year187.17%
5 Year14.13%
10 Year21.5%
15 Year247.66%
Volatility
ATR(14)2.97
ATR(20)%5.42%
ATR Inc75.4%
Range Today3.19
ADR(20)2.64
ADR(20)%5.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.74
3 months CRS91.28
6 months CRS91.87
Mansfield1.18
10 Day High52.84
10 Day Low43.22
20 Day High52.84
20 Day Low43.22
52 Week High59.95
52 Week Low29.38
CS1 End49.55
CR1 Start49.69
Volume & EV
DER(3)1.35%
DER(5)2.64%
Volume58.50K
Volume Incr78.07%
Vol(5)76.24K
Vol(50)42.63K
FLEXSTEEL INDS / FLXS TA FAQ
Can you provide the ChartMill technical rating for FLEXSTEEL INDS?
ChartMill assigns a technical rating of 7 / 10 to FLXS.
What is the current trend direction of FLEXSTEEL INDS (FLXS) stock?
The current trend direction for FLEXSTEEL INDS (FLXS) is Bearish.
What is the RSI signal for FLEXSTEEL INDS (FLXS) stock?
FLEXSTEEL INDS (FLXS) has an RSI value of 58.091. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FLEXSTEEL INDS?
The short term momentum for FLEXSTEEL INDS (FLXS) is neutral.