FLEX - Daily - Technical analysis published on 12/11/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bullish
Technical indicators
11%
50%
39%
My opinion
Neutral between 10.92 USD and 11.66 USD
My targets
-
My analysis
The short-term decline on FLEX remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 10.92 USD. The first resistance is located at 11.66 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, technical indicators are bearish and could soon allow change to a bearish sentiment.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FLEX price is 11.24 USD. On the day, this instrument gained +0.54% and was traded between 11.13 USD and 11.33 USD over the period. The price is currently at +0.99% from its lowest and -0.79% from its highest.11.13
11.33
11.24
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FLEX:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of FLEX indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.66 | 10.59 | 10.92 | 11.24 | 11.66 | 12.11 | 13.25 |
| Change (%) | -14.06% | -5.78% | -2.85% | - | +3.74% | +7.74% | +17.88% |
| Change | -1.58 | -0.65 | -0.32 | - | +0.42 | +0.87 | +2.01 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.72 | 10.95 | 11.06 | 11.29 | 11.40 | 11.63 | 11.74 |
| Camarilla | 11.09 | 11.12 | 11.15 | 11.18 | 11.21 | 11.24 | 11.27 |
| Woodie | 10.67 | 10.92 | 11.01 | 11.26 | 11.35 | 11.60 | 11.69 |
| Fibonacci | 10.95 | 11.08 | 11.16 | 11.29 | 11.42 | 11.50 | 11.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.01 | 10.49 | 10.97 | 11.46 | 11.94 | 12.42 | 12.90 |
| Camarilla | 11.19 | 11.27 | 11.36 | 11.45 | 11.54 | 11.63 | 11.72 |
| Woodie | 10.00 | 10.49 | 10.97 | 11.46 | 11.93 | 12.42 | 12.90 |
| Fibonacci | 10.49 | 10.86 | 11.09 | 11.46 | 11.83 | 12.06 | 12.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.09 | 10.65 | 11.26 | 11.82 | 12.43 | 12.99 | 13.60 |
| Camarilla | 11.55 | 11.66 | 11.76 | 11.87 | 11.98 | 12.09 | 12.19 |
| Woodie | 10.12 | 10.66 | 11.29 | 11.83 | 12.46 | 13.00 | 13.63 |
| Fibonacci | 10.65 | 11.10 | 11.37 | 11.82 | 12.27 | 12.54 | 12.99 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.06 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -7.32 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 11.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.18 | |
| Elder Ray (13): | -0.27 | |
| Super Trend (3,10): | 12.26 | |
| Zig ZAG (10): | 11.24 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 26.72 | |
| TEMA (21): | 11.32 | |
| Williams %R (14): | -77.39 | |
| Chande Momentum Oscillator (20): | -0.47 | |
| Repulse (5,40,3): | -2.7000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 9.72 |
| MA7: | 11.33 | |
| MA20: | 11.74 | |
| MA50: | 11.14 | |
| MA100: | 10.74 | |
| MAexp7: | 11.37 | |
| MAexp20: | 11.55 | |
| MAexp50: | 11.28 | |
| MAexp100: | 10.88 | |
| Price / MA7: | -0.79% | |
| Price / MA20: | -4.26% | |
| Price / MA50: | +0.90% | |
| Price / MA100: | +4.66% | |
| Price / MAexp7: | -1.14% | |
| Price / MAexp20: | -2.68% | |
| Price / MAexp50: | -0.35% | |
| Price / MAexp100: | +3.31% |
News
The latest news and videos published on FLEX at the time of the analysis were as follows:
- 48 HOUR DEADLINE NOTICE: Kaskela Law LLC Announces Shareholder Class Action Lawsuit Against Flex, Ltd. and Encourages Investors with Losses in Excess of $250,000 to Immediately Contact the Firm
- IMPORTANT INVESTOR DEADLINE ALERT: Kaskela Law LLC Announces Shareholder Class Action Lawsuit Against Flex, Ltd. and Encourages Investors with Losses in Excess of $250,000 to Immediately Contact the Firm
- Investor Network: Flex Ltd. to Host Earnings Call
- Investor Network: Flex Ltd. to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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