|
|
|
|
Archive
- 5/26/2023 -
Sign In to see current Signals. |
Flowserve Corp. (FLS) |
 |
| 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 -1.10 points, or -3.14%, and closed at 33.97 on Friday, May 26, 2023. Weekly volume was -37% below average.
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 38.86 on May 2, 2023. FLS gained -14.97 points, or -62.66%, in 28 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 32.81 and resistance is at 39.50. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See FLS medium-term trend chart]
A medium-term downtrend had started on May 2, 2023 at 38.86 and reached 33.14 on May 25, 2023. FLS lost 5.72 points, or 14.72%, in 3 weeks. The price is now at the 14.51% retracement level.
 Weekly Technical Indicators: [See FLS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 5, 2023. The distance between MACD and the signal line is low and getting smaller. 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 May 10, 2023 at 36.44 and reached 33.14 on May 25, 2023. FLS lost 3.30 points, or 9.06%, in 15 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See FLS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. 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 and Williams' Percentage Range help.
The daily MACD line is below its signal line since May 15, 2023. This is an indication that the short-term trend is down.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
| |
|
|
|
|
| Daily Oscillators |
|
|
| Weekly Oscillators |
|
|
| Trading
Signals |
|
|
|
| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
9 |
| Industry |
Industrial Machinery |
71 |
|
| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
36.44 |
| High Date |
05/10/2023 |
| Low |
33.14 |
| Low Date |
05/25/2023 |
|
| Weekly Trend |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
|
| Resistance |
|
| Support |
|
| High |
36.44 |
| High Date |
05/10/2023 |
| Low |
33.14 |
| Low Date |
05/25/2023 |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
|
| Resistance |
|
| Support |
|
| High |
36.44 |
| High Date |
05/10/2023 |
| Low |
33.14 |
| Low Date |
05/25/2023 |
|
| Quarterly Trend |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
|
| Resistance |
|
| Support |
|
| High |
38.86 |
| High Date |
05/02/2023 |
| Low |
33.14 |
| Low Date |
05/25/2023 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Valid |
| Resistance |
39.50 |
| Support |
32.81 |
| Low |
23.89 |
| Low Date |
10/13/2022 |
| High |
38.86 |
| High Date |
05/02/2023 |
|
|