Overall FLEX gets a technical rating of 10 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, FLEX is showing a nice and steady performance.
Although FLEX has an excellent technical rating, it does not offer a high quality setup 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
54.73
We found 4 important support areas.
- A support zone ranging from 60.78 to 61.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.76 from a trend line in the weekly time frame.
- Support @57.48 from a trend line in the daily time frame.
- Support @55.28 from a horizontal 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 FLEX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLEX is up. |
| ChartMill Relative Strength | 91.31 | POSITIVE | FLEX has a high relative strength, it outperformed 91.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLEX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FLEX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FLEX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.86 | NEUTRAL | The RSI value for FLEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.77 | POSITIVE | The MACD value suggests FLEX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.13 | NEUTRAL | The Stochastics value for FLEX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.58 | MEDIUM VOLATILITY | The ATR as a percentage value for FLEX suggests some volalility. |
| Average Directional Index/ADX (14) | 24.87 | NEUTRAL | The ADX value for FLEX suggests a possible start of a new trend. |
65.01
-2.8 (-4.13%)
FLEX LTD / FLEX FAQ
Can you provide the ChartMill technical rating for FLEX LTD?
ChartMill assigns a technical rating of 10 / 10 to FLEX.
What is the current trend direction of FLEX LTD (FLEX) stock?
The current trend direction for FLEX LTD (FLEX) is Bullish.
Can you provide the RSI signal for FLEX LTD?
FLEX LTD (FLEX) has an RSI value of 53.8561. This indicates that the stock is currently neutral.
What is the short term momentum for FLEX stock?
The short term momentum for FLEX LTD (FLEX) is positive.
Can you provide the support and resistance levels for FLEX LTD?
FLEX LTD (FLEX) has a support level at 61.9. Check the full technical report for our detailed analysis of FLEX support and resistance levels.