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Uptrend ExhaustionArchive
- 11/15/2024 -
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Flowserve Corp. (FLS) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Flowserve Corp. (FLS). During the week, the FLS dropped -0.73 points, or -1.22%, and closed at 59.15 on Friday, November 15, 2024. Weekly volume was -7% 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 61.61 on November 11, 2024. FLS gained -37.72 points, or -157.89%, in 108 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (48.77) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 August 5, 2024 at 43.66 and reached 61.61 on November 11, 2024. FLS gained -17.95 points, or -41.11%, in 14 weeks. The price is now at the 13.70% retracement level.
 Weekly Technical Indicators: [See FLS weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 and Williams' Percentage Range help.
The weekly MACD line is above its signal line since September 27, 2024. 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 uptrend had started on October 29, 2024 at 50.38 and reached 61.61 on November 11, 2024. FLS gained -11.23 points, or -22.29%, in 13 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (65.01) is broken. A broken support is considered to be a long-term bearish signal. 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 support 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. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
The daily MACD line is above its signal line since November 5, 2024. This is an indication that the short-term trend is up.
The distance between the Bollinger Bands is 122.62% higher then one year average. It indicates the period of high volatility of the stock price. 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.
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