FLEXSTEEL INDS (FLXS) Stock Technical Analysis
USA - NASDAQ:FLXS - US3393821034 - Common Stock
We assign a technical rating of 0 out of 10 to FLXS. FLXS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
FLXS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 35.68. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.12, a Stop Loss order could be placed below this zone.
More info and screens
28.83
4 important support areas can be observed.
- A support zone ranging from 34.78 to 35.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.18 to 34.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.36 from a horizontal line in the daily time frame.
- Support @29.12 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 35.68 to 35.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @44.96 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 | DOWN | NEGATIVE | The long term trend for FLXS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FLXS is down. |
| ChartMill Relative Strength | 11.28 | NEGATIVE | FLXS has a low relative strength, it was outperformed by 88.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FLXS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FLXS is below a declining 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) | 39.84 | NEUTRAL | The RSI value for FLXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests FLXS has a positive trend. |
| Stochastics (14,3) | 51.88 | NEUTRAL | The Stochastics value for FLXS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for FLXS suggests some volalility. |
| Average Directional Index/ADX (14) | 15.2 | NEGATIVE | The low ADX value for FLXS suggests a weak or negative trend. |
35.26
+0.47 (+1.35%)
FLEXSTEEL INDS / FLXS FAQ
Can you provide the ChartMill technical rating for FLEXSTEEL INDS?
ChartMill assigns a technical rating of 0 / 10 to FLXS.
What is the trend direction for FLXS stock?
The current trend direction for FLEXSTEEL INDS (FLXS) is Bearish.
What is the RSI signal for FLXS stock?
FLEXSTEEL INDS (FLXS) has an RSI value of 39.8386. 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 0.395236, indicating a bearish trend.
Can you provide the buy/sell signal for FLEXSTEEL INDS?
The buy/sell signal for FLEXSTEEL INDS (FLXS) is sell as both the short term and long term trends are negative.