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Archive
- 7/19/2024 -
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Flowserve Corp. (FLS) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Flowserve Corp. (FLS). During the week, the FLS gained 1.32 points, or 2.73%, and closed at 49.67 on Friday, July 19, 2024. Weekly volume was -6% below average.
 Long-term trend: [See FLS long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 23.89 and reached 52.06 on July 18, 2024. FLS gained -28.17 points, or -117.92%, in 92 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 43.63 and resistance is at 51.74. 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 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 52.06 on July 18, 2024. FLS gained -16.74 points, or -47.40%, in 38 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 47.55 and resistance is at 54.36. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See FLS weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since June 14, 2024. Use the following link to access a MACD help.
Short-term trend: [See FLS short-term trend chart]
A short-term uptrend had started on June 14, 2024 at 45.93 and reached 52.06 on July 18, 2024. FLS gained -6.13 points, or -13.35%, in 34 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 45.17 and resistance is at 52.26. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See FLS daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since July 10, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
6 |
| Industry |
Industrial Machinery |
44 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
46.16 |
| Low Date |
07/09/2024 |
| High |
52.06 |
| High Date |
07/18/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
52.26 |
| Support |
45.17 |
| Low |
45.93 |
| Low Date |
06/14/2024 |
| High |
52.06 |
| High Date |
07/18/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
54.36 |
| Support |
47.55 |
| Low |
35.32 |
| Low Date |
10/25/2023 |
| High |
52.06 |
| High Date |
07/18/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
51.74 |
| Support |
43.63 |
| Low |
23.89 |
| Low Date |
10/13/2022 |
| High |
52.06 |
| High Date |
07/18/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
18.98 |
| Low Date |
03/23/2020 |
| High |
52.06 |
| High Date |
07/18/2024 |
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