FLXS Technical Analysis - FLEXSTEEL INDS

Technical Rating and Analysis

Overall FLXS gets a technical rating of 2 out of 10. In the last year, FLXS was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

81% of all other stocks performed better in the past year than FLXS.

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 37.78 - 49.77 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

FLXS is part of the Household Durables industry. There are 61 other stocks in this industry, FLXS did better than 48% of them.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

FLEXSTEEL INDS / FLXS Weekly stock chart

Setup Rating and Analysis

FLXS has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

28.83

50.65

When analyzing the support we can see 2 important areas.

A support zone ranging from 38.46 to 38.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @29.12 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

Resistance @46.55 from a trend line in the weekly time frame.
Resistance @50.15 from a trend line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	DOWN	NEGATIVE	The short term trend for FLXS is down.
ChartMill Relative Strength	19.15	NEGATIVE	FLXS has a low relative strength, it was outperformed by 80.85% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FLXS is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of FLXS is below 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)	38.79	NEUTRAL	The RSI value for FLXS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.64	NEGATIVE	The MACD value suggests FLXS has a negative trend, although the MACD value is rising.
Stochastics (14,3)	9.87	OVERSOLD	The low Stochastics value suggests FLXS may be oversold.
Average True Range in percent/ATR (20)	4.52	MEDIUM VOLATILITY	The ATR as a percentage value for FLXS suggests some volalility.
Average Directional Index/ADX (14)	26.92	POSITIVE	The high ADX value value for FLXS suggests a strong trend.