FLEXSTEEL INDS (FLXS) Stock Technical Analysis
USA - NASDAQ:FLXS - US3393821034 - Common Stock
48.42 USD
-0.33 (-0.68%)
48.42 USD
0 (0%)
Overall FLXS gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FLXS is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
FLXS is part of the Household Durables industry. There are 63 other stocks in this industry. FLXS outperforms 80% of them.
Looking at the yearly performance, FLXS did better than 81% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
FLXS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FLXS is lagging the market.
In the last month FLXS has a been trading in the 43.52 - 52.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
FLXS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 48.25, 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. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
28.83
52.27
5 important support areas can be observed.
- A support zone ranging from 47.50 to 48.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.05 from a trend line in the weekly time frame.
- Support @36.78 from a trend line in the daily time frame.
- Support @31.76 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 48.90 to 48.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 51.52 to 51.75. This zone is formed by a combination of multiple trend lines in the daily 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 | 81.12 | POSITIVE | FLXS has a high relative strength, it outperformed 81.12% 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) | UP | POSITIVE | The current price of FLXS is above the rising 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) | 58.26 | NEUTRAL | The RSI value for FLXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests FLXS has a negative trend. |
| Stochastics (14,3) | 49.64 | NEUTRAL | The Stochastics value for FLXS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.83 | MEDIUM VOLATILITY | The ATR as a percentage value for FLXS suggests some volalility. |
| Average Directional Index/ADX (14) | 38.91 | POSITIVE | The high ADX value value for FLXS suggests a strong 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 |
|---|---|---|---|
| 48.96 | 47.49 | 1.47 (3.00%) | 25.00% |
| An entry @48.96. This is a Buy Stop order right above the resistance zone. | An exit @47.49. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.47 points, which is 3.00%. | For a 0.75% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
48.42
-0.33 (-0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-0.68%
1 Week1.92%
2 Weeks1.89%
1 Month4.74%
3 Month32.37%
6 Month30.3%
12 Month10.15%
2 Year133.24%
3 Year208.41%
5 Year101.75%
10 Year54.94%
15 Year215.65%
Volatility
ATR(14)2.45
ATR(20)%4.83%
ATR Inc-38.86%
Range Today1.61
ADR(20)2.31
ADR(20)%4.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.12
Mansfield-0.06
10 Day High52.67
10 Day Low46.67
20 Day High52.67
20 Day Low43.52
52 Week High65.87
52 Week Low29.38
CS1 End48.25
CR1 Start48.9
Volume & EV
DER(3)2.52%
DER(5)4.18%
Volume27.10K
Volume Incr15.39%
Vol(5)49.42K
Vol(50)30.45K