Why Flexsteel Industries, Inc. ($FLXS) Is Acting Slightly Strange (2019-11-08)

REPORTING FOR 2019-11-08 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how FLXS has been trading over the last 2 weeks and the past day especially. On its latest session, Flexsteel Industries, Inc. ($FLXS) opened at 18.01, reaching a high of 18.5 and a low of 17.65 before closing at a price of 17.8. There was a total volume of 27036.

VOLUME INDICATORS FOR FLEXSTEEL INDUSTRIES, INC. ($FLXS): We saw an accumulation-distribution index of 87.74271, an on-balance volume of -17.81, chaikin money flow of 2.46939 and a force index of 0.012. There was an ease of movement rating of 0.00516, a volume-price trend of 2.15057 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR FLEXSTEEL INDUSTRIES, INC. ($FLXS): We noted an average true range of 0.42479, bolinger bands of 17.71399, an upper bollinger band of 17.51601, lower bollinger band of 17.65, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 18.05333, high band keltner channel of 17.56333, low band keltner channel of 18.54333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 17.65, a donchian channel low band of 17.65, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR FLEXSTEEL INDUSTRIES, INC. ($FLXS): We calculated a Moving Average Convergence Divergence (MACD) of -0.00157, a MACD signal of -0.00087, a MACD difference of -0.0007, a fast Exponential Moving Average (EMA) indicator of 17.65, a slow Exponential Moving Average (EMA) indicator of 17.65, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.88789, a trix of 11.34521, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -1.88986, a KST Oscillator (KST) of 119.91384 and a KST Oscillator (KST Signal) of 119.91384 (leaving a KST difference of -1.1104). We also found an Ichimoku rating of 18.255, an Ichimoku B rating of 18.255, a Ichimoku visual trend A of 16.42832, an Ichimoku visual trend B of 16.45685, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR FLEXSTEEL INDUSTRIES, INC. ($FLXS): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 83.999, a stochastic oscillator of 173.46939, a stochastic oscillator signal of 173.46939, a Williams %R rating of 73.46939 and an awesome oscillator of -0.09651.

RETURNS FOR FLEXSTEEL INDUSTRIES, INC. ($FLXS): There was a daily return of 11.99138, a daily log return of -0.39739 and a cumulative return of -0.3966.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-08 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Flexsteel Industries, Inc. ($FLXS)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Flexsteel Industries, Inc. ($FLXS) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.


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