Londinia Opportunities Analyses - 05/06/2024 (GMT) FLEX LNG - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	FLNG
ISIN:	BMG359472021

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 26.42 USD

My targets

27.37 USD (+2.13%)

28.27 USD (+5.49%)

My analysis

FLEX LNG is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 26.42 USD. The next resistance located at 27.37 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 28.27 USD. After this resistance, buyers could then target 29.02 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

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Additional analysis

Quotes

FLEX LNG rating 26.80 USD. On the day, this instrument gained +0.75% and was traded between 26.71 USD and 27.07 USD over the period. The price is currently at +0.34% from its lowest and -1.00% from its highest.

26.71

27.07

26.80

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of FLEX LNG in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	25.64	26.42	26.70	26.80	27.37	28.27	29.02
Change (%)	-4.33%	-1.42%	-0.37%	-	+2.13%	+5.49%	+8.28%
Change	-1.16	-0.38	-0.10	-	+0.57	+1.47	+2.22
Level	Intermediate	Major	Major	-	Minor	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.02	26.15	26.38	26.51	26.74	26.87	27.10
Camarilla	26.50	26.53	26.57	26.60	26.63	26.67	26.70
Woodie	26.06	26.18	26.42	26.54	26.78	26.90	27.14
Fibonacci	26.15	26.29	26.38	26.51	26.65	26.74	26.87

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.03	25.37	25.98	26.32	26.93	27.27	27.88
Camarilla	26.34	26.43	26.51	26.60	26.69	26.77	26.86
Woodie	25.18	25.44	26.13	26.39	27.08	27.34	28.03
Fibonacci	25.37	25.73	25.95	26.32	26.68	26.90	27.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.68	24.32	25.16	25.80	26.64	27.28	28.12
Camarilla	25.60	25.74	25.87	26.01	26.15	26.28	26.42
Woodie	23.79	24.37	25.27	25.85	26.75	27.33	28.23
Fibonacci	24.32	24.88	25.23	25.80	26.36	26.71	27.28

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	64.62
MACD (12,26,9):	0.1800
Directional Movement:	18.31
AROON (14):	71.43
DEMA (21):	26.79
Parabolic SAR (0,02-0,02-0,2):	26.37
Elder Ray (13):	0.34
Super Trend (3,10):	26.40
Zig ZAG (10):	26.82
VORTEX (21):	1.2400
Stochastique (14,3,5):	92.43
TEMA (21):	26.74
Williams %R (14):	-32.05
Chande Momentum Oscillator (20):	0.33
Repulse (5,40,3):	0.1700
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	3.28

MA7:	26.39
MA20:	25.87
MA50:	25.56
MA100:	26.85
MAexp7:	26.68
MAexp20:	26.57
MAexp50:	26.20
MAexp100:	26.09
Price / MA7:	+1.55%
Price / MA20:	+3.59%
Price / MA50:	+4.85%
Price / MA100:	-0.19%
Price / MAexp7:	+0.45%
Price / MAexp20:	+0.87%
Price / MAexp50:	+2.29%
Price / MAexp100:	+2.72%

Quotes : - 15 min delayed data - Actions NYSE

News

The last news published on FLEX LNG at the time of the generation of this analysis was as follows: