The Greedy Trader Weekly Analysis
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- 10/16/2026 -
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Flowserve Corp. (FLS) Technical Analysis

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Summary:
Weekly :Price is near the Fibonacci 23.6% retracement levelTrend support at 70.80
Daily :
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It was the negative week for the Flowserve Corp. (FLS). During the week, the FLS dropped -1.76 points, or -2.43%, and closed at 70.52 on Friday, October 16, 2026. Weekly volume was -12% below average.

Long-term trend: [See FLS long-term trend chart]
A long-term downtrend had started on February 26, 2026 at 92.41 and reached 63.27 on May 19, 2026. FLS lost 29.14 points, or 31.53%, in 11 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See FLS medium-term trend chart]
A medium-term uptrend had started on May 19, 2026 at 63.27 and reached 83.35 on August 26, 2026. FLS gained -20.08 points, or -31.74%, in 14 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (70.80) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See FLS weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 11, 2026. Use the following link to access a MACD help.

Short-term trend: [See FLS short-term trend chart]
A short-term downtrend had started on August 26, 2026 at 83.35 and reached 68.36 on September 14, 2026. FLS lost 14.99 points, or 17.98%, in 19 days. The price is now at the 14.41% retracement level.

Daily Technical Indicators: [See FLS daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since October 6, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.46
Williams' Percentage Range (W%R) 73.80
Lane's Stochastic (%D-Slow) 27.88
Greed/Fear Indicator (GFI) 30.50
Moving Average Converg./Diverg. (MACD) -1.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.07
Williams' Percentage Range (W%R) 73.30
Lane's Stochastic (%D-Slow) 32.67
Greed/Fear Indicator (GFI) 36.18
Moving Average Converg./Diverg. (MACD) 0.64
Trading Signals
Description Value Chart
Weekly Trendline Resistance 83.99
Upper Bollinger Band 76.79
50 Day Moving Average 75.87
Parabolic System 74.60
Weekly Stochastic Crossing 73.13
20 Day Moving Average 72.99
Weekly Trendline Support 70.80
Price 70.52
Daily Stochastic Crossing 69.67
Lower Bollinger Band 68.34
Sector and Industry
Description Name Rank
Sector Industrials 3
Industry Industrial Machinery 33
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 83.35
High Date 08/26/2026
Low 68.36
Low Date 09/14/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 83.99
Support 70.80
Low 63.27
Low Date 05/19/2026
High 83.35
High Date 08/26/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 92.41
High Date 02/26/2026
Low 63.27
Low Date 05/19/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.89
Low Date 10/13/2022
High 92.41
High Date 02/26/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.98
Low Date 03/23/2020
High 92.41
High Date 02/26/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.