Taking everything into account, FLXS scores 5 out of 10 in our technical rating. Although FLXS is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, FLXS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 40.35, a Stop Loss order could be placed below this zone.
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28.83
We found 5 important support areas.
- A support zone ranging from 39.43 to 40.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.52 to 35.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.19 from a horizontal line in the daily time frame.
- Support @33.36 from a horizontal line in the daily 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 41.88 to 41.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @43.76 from a trend line in the weekly time frame.
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 FLXS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLXS is up. |
| ChartMill Relative Strength | 12.03 | NEGATIVE | FLXS has a low relative strength, it was outperformed by 87.97% 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) | DOWN | MIXED | The current price of FLXS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.58 | NEUTRAL | The RSI value for FLXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests FLXS has a positive trend. |
| Stochastics (14,3) | 82.52 | OVERBOUGHT | The high Stochastics value suggests FLXS may be overbought. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for FLXS suggests some volalility. |
| Average Directional Index/ADX (14) | 31.65 | POSITIVE | The high ADX value value for FLXS suggests a strong trend. |
41.87
+1.5 (+3.72%)
FLEXSTEEL INDS / FLXS FAQ
Can you provide the ChartMill technical rating for FLEXSTEEL INDS?
ChartMill assigns a technical rating of 5 / 10 to FLXS.
What is the trend direction for FLXS stock?
The current trend direction for FLEXSTEEL INDS (FLXS) is Bullish.
What is the RSI signal for FLXS stock?
FLEXSTEEL INDS (FLXS) has an RSI value of 66.5824. This indicates that the stock is currently neutral.
What is the MACD signal for FLXS stock?
The MACD indicator for FLEXSTEEL INDS (FLXS) has a value of 0.438955, indicating a bearish trend.
Can you provide the buy/sell signal for FLEXSTEEL INDS?
The buy/sell signal for FLEXSTEEL INDS (FLXS) is buy as both the short term and long term trends are positive.