Flexsteel Industries Technical Analysis (NASDAQ:FLXS)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The FLXS stock chart pattern can give those who understand technical analysis an indication of which way FLXS stock is headed, but cannot predict with 100% certainty as to what can happen to the Flexsteel Industries stock price.
See Flexsteel Industries bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Flexsteel Industries stock analysis.
Flexsteel Industries Moving Average
Moving averages show the average price of FLXS stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Flexsteel Industries are mostly signals of long term trends and will help long term traders.
Flexsteel Industries Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Flexsteel Industries. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Flexsteel Industries bollinger bands show that the stock price is $36.68, upper band is 37.33, lower band is 34.68, and the average is 36.
Flexsteel Industries Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Flexsteel Industries MACD line is below the signal line.
Flexsteel Industries Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 58.81 is the RSI value of FLXS stock.