FLEX - Daily - Technical analysis published on 07/17/2019 (GMT)
- Who voted?
- 194
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 9.79 USD
My targets
9.17 USD (-4.97%)
7.81 USD (-19.07%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 9.79 USD remains possible. It is advisable to trade FLEX with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 9.79 USD. The next bearish objective for sellers is set at 9.17 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.81 USD. In case of crossing, the next objective would be the support located at 6.98 USD. PS: if there is a bullish break in the resistance located at 9.79 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 9.65 USD. The price is lower by -1.03% since the last closing and was traded between 9.63 USD and 9.78 USD over the period. The price is currently at +0.21% from its lowest and -1.33% from its highest.9.63
9.78
9.65
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of FLEX in Daily shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.98 | 7.81 | 9.17 | 9.65 | 9.79 | 10.63 | 11.47 |
| Change (%) | -27.67% | -19.07% | -4.97% | - | +1.45% | +10.16% | +18.86% |
| Change | -2.67 | -1.84 | -0.48 | - | +0.14 | +0.98 | +1.82 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.37 | 9.53 | 9.64 | 9.80 | 9.91 | 10.07 | 10.18 |
| Camarilla | 9.68 | 9.70 | 9.73 | 9.75 | 9.78 | 9.80 | 9.82 |
| Woodie | 9.35 | 9.52 | 9.62 | 9.79 | 9.89 | 10.06 | 10.16 |
| Fibonacci | 9.53 | 9.63 | 9.70 | 9.80 | 9.90 | 9.97 | 10.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.24 | 9.38 | 9.64 | 9.78 | 10.04 | 10.18 | 10.44 |
| Camarilla | 9.79 | 9.83 | 9.86 | 9.90 | 9.94 | 9.97 | 10.01 |
| Woodie | 9.30 | 9.41 | 9.70 | 9.81 | 10.10 | 10.21 | 10.50 |
| Fibonacci | 9.38 | 9.53 | 9.63 | 9.78 | 9.93 | 10.03 | 10.18 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.93 | 8.38 | 8.97 | 9.42 | 10.01 | 10.46 | 11.05 |
| Camarilla | 9.28 | 9.38 | 9.48 | 9.57 | 9.67 | 9.76 | 9.86 |
| Woodie | 8.01 | 8.42 | 9.05 | 9.46 | 10.09 | 10.50 | 11.13 |
| Fibonacci | 8.38 | 8.77 | 9.02 | 9.42 | 9.81 | 10.06 | 10.46 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.16 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 2.80 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 9.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.28 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 9.98 | |
| Zig ZAG (10): | 9.65 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 62.08 | |
| TEMA (21): | 9.80 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | 0.21 | |
| Repulse (5,40,3): | -1.3000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 7.45 |
| MA7: | 9.72 | |
| MA20: | 9.58 | |
| MA50: | 9.70 | |
| MA100: | 10.17 | |
| MAexp7: | 9.71 | |
| MAexp20: | 9.64 | |
| MAexp50: | 9.75 | |
| MAexp100: | 9.90 | |
| Price / MA7: | -0.72% | |
| Price / MA20: | +0.73% | |
| Price / MA50: | -0.52% | |
| Price / MA100: | -5.11% | |
| Price / MAexp7: | -0.62% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | -1.03% | |
| Price / MAexp100: | -2.53% |
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis FLEX - Daily