FLEX LNG LTD (FLNG.OL) Stock Technical Analysis
OSL:FLNG - Euronext Oslo - BMG359472021 - Common Stock - Currency: NOK
Taking everything into account, FLNG scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. FLNG was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, FLNG is a bad performer in the overall market: 76% of all stocks are doing better.
FLNG is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Warning: FLNG has an average volume of 24784 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
FLNG is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 66% of 61 stocks in the same industry.
In the last month FLNG has a been trading in the 206.00 - 264.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
FLNG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 248.76. Right above this resistance zone may be a good entry point.
More info and screens
240.26
304.01
When analyzing the support we notice one important area.
- A support zone ranging from 242.69 to 248.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- Resistance @282.90 from a trend line in the weekly time frame.
- Resistance @289.80 from a horizontal line in the daily time frame.
- Resistance @301.00 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.19
Mansfield-0.69
10 Day High248.75
10 Day Low217
20 Day High264.8
20 Day Low206
52 Week High323.4
52 Week Low206
Performance
1 Week5.18%
2 Weeks11.3%
1 Month5.4%
3 Month-11.92%
6 Month-7.94%
12 Month-14.16%
2 Year-32.73%
3 Year-7.11%
5 Year368.46%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)2.82
RSI(14)60.88
LBB214.55
UBB250.64
OSL:FLNG (4/25/2025, 7:00:00 PM)
249
+6 (+2.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.47%
1 Week5.18%
2 Weeks11.3%
1 Month5.4%
3 Month-11.92%
6 Month-7.94%
12 Month-14.16%
2 Year-32.73%
3 Year-7.11%
5 Year368.46%
10 YearN/A
15 YearN/A
Volatility
ATR(14)10.96
ATR(20)%4.3%
ATR Inc-47.42%
Range Today17
ADR(20)9.81
ADR(20)%3.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.19
Mansfield-0.69
10 Day High248.75
10 Day Low217
20 Day High264.8
20 Day Low206
52 Week High323.4
52 Week Low206
CS1 EndN/A
CR1 Start248.76
Volume & EV
DER(3)-2.27%
DER(5)-1.47%
Volume7.59K
Volume Incr-53.88%
Vol(5)9.85K
Vol(50)24.78K