|
|
Advanced TA SearchArchive
- 4/12/2024 -
Sign In to see current Signals. |
Flowserve Corp. (FLS) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Flowserve Corp. (FLS). During the week, the FLS dropped -1.22 points, or -2.55%, and closed at 46.66 on Friday, April 12, 2024. It was the worst weekly loss since January 5, 2024. FLS was trading at average weekly trading volume.
FLS is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See FLS long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 23.89 and reached 48.31 on April 9, 2024. FLS gained -24.42 points, or -102.22%, in 77 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (40.75) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See FLS medium-term trend chart]
A medium-term uptrend had started on October 25, 2023 at 35.32 and reached 48.31 on April 9, 2024. FLS gained -12.99 points, or -36.78%, in 23 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 46.39 and resistance is at 49.16. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See FLS weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 15, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 April 9, 2024 at 48.31 and reached 46.48 on April 12, 2024. FLS lost 1.83 points, or 3.79%, in 3 days. The price is now at the 9.84% retracement level.
 Daily Technical Indicators: [See FLS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
| |
|
|