FLEX LNG LTD (FLNG) Stock Technical Analysis
NYSE:FLNG - New York Stock Exchange, Inc. - BMG359472021 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to FLNG. In the past year, FLNG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
62% of all other stocks performed better in the past year than FLNG.
In the last month FLNG has a been trading in the 19.46 - 23.47 range, which is quite wide. It is currently trading near the high of this range.
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 part of the Oil, Gas & Consumable Fuels industry. There are 212 other stocks in this industry, FLNG did better than 67% of them.
FLNG is currently trading in the middle of its 52 week range. The S&P500 Index is currently trading in the lower part of its 52 week range, so FLNG is still doing slightly better than the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, FLNG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 23.28. Right above this resistance zone may be a good entry point.
More info and screens
22.52
27.17
4 important resistance areas can be observed.
- A resistance zone ranging from 23.28 to 23.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.54 from a trend line in the weekly time frame.
- Resistance @25.50 from a trend line in the daily time frame.
- Resistance @26.90 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
CRS38.83
Mansfield-0.09
10 Day High23.47
10 Day Low19.46
20 Day High23.47
20 Day Low19.46
52 Week High30.48
52 Week Low19.46
Performance
1 Week1.25%
2 Weeks11.57%
1 Month1.7%
3 Month-9.76%
6 Month-7.37%
12 Month-13%
2 Year-33.89%
3 Year-19.04%
5 Year329.25%
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)0.2
RSI(14)53.79
LBB20.04
UBB23.82
22.75
-0.53 (-2.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.28%
1 Week1.25%
2 Weeks11.57%
1 Month1.7%
3 Month-9.76%
6 Month-7.37%
12 Month-13%
2 Year-33.89%
3 Year-19.04%
5 Year329.25%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.95
ATR(20)%3.61%
ATR Inc-27.64%
Range Today0.6
ADR(20)0.75
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.83
Mansfield-0.09
10 Day High23.47
10 Day Low19.46
20 Day High23.47
20 Day Low19.46
52 Week High30.48
52 Week Low19.46
CS1 EndN/A
CR1 Start23.28
Volume & EV
DER(3)-1.74%
DER(5)0.42%
Volume281.67K
Volume Incr-49.96%
Vol(5)248.63K
Vol(50)529.12K