FLEXSTEEL INDS (FLXS) Stock Technical Analysis
NASDAQ:FLXS - Nasdaq - US3393821034 - Common Stock - Currency: USD
Overall FLXS gets a technical rating of 5 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.
In the last month FLXS has a been trading in the 35.65 - 40.57 range, which is quite wide. It is currently trading near the lows of this range.
Warning: FLXS has an average volume of 22240 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
FLXS is one of the better performing stocks in the Household Durables industry, it outperforms 74% of 63 stocks in the same industry.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, FLXS outperforms 46% of them, which is more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, FLXS does present a nice setup opportunity. Prices have been consolidating lately. 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. There is a support zone below the current price at 36.82, a Stop Loss order could be placed below this zone. 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
We found 3 important support areas.
- A support zone ranging from 35.93 to 36.82. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for FLXS is neutral. |
| ChartMill Relative Strength | 46.57 | NEUTRAL | FLXS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FLXS is below 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) | 49.88 | NEUTRAL | The RSI value for FLXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests FLXS has a negative trend. |
| Stochastics (14,3) | 23.43 | 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) | 18.66 | NEGATIVE | The low ADX value for FLXS suggests a weak or negative 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)
36.83
+0.6 (+1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg1.66%
1 Week-0.65%
2 Weeks-2.75%
1 Month1.91%
3 Month11.95%
6 Month-26.16%
12 Month-4.21%
2 Year88.2%
3 Year101.7%
5 Year133.55%
10 Year-7.74%
15 Year228.55%
Volatility
ATR(14)1.46
ATR(20)%4.38%
ATR Inc22.75%
Range Today1.43
ADR(20)1.56
ADR(20)%4.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.57
Mansfield-2.23
10 Day High39.52
10 Day Low36.13
20 Day High40.57
20 Day Low35.65
52 Week High65.87
52 Week Low29.38
CS1 End36.82
CR1 Start39.25
Volume & EV
DER(3)0.05%
DER(5)3.16%
Volume8.20K
Volume Incr-57.03%
Vol(5)13.48K
Vol(50)22.24K