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Thu. Jul 18th, 2024

(FLXS) Technical pivots with risk management

By Vaseline May31,2024

Longer term trading plans for FLXS

  • Buy FLXS just over 35.55, target 41.85 stop loss @ 35.45 Details
  • The technical summary data tells us to buy FLXS near 35.55 with an upside target of 41.85. This data also tells us to set a stop loss @35.45 to protect against excessive loss in case the stock starts moving against the trade. 35.55 is the first support level below 37.5, and as a rule any test of support is a buy signal. In this case, support 35.55 is tested, a buy signal would exist.

  • Short FLXS just below 41.85, target 35.55, stop loss @ 41.97 Details
  • The technical summary data indicates a shortfall on FLXS as it nears 41.85 with a downside target of 35.55. However, we should have a stop loss at 41.97. 41.85 is the first resistance level above 37.5, and as a rule any resistance test is a short signal. In this case, if resistance 41.85 is tested, a short signal would occur.

Swing trading plans for FLXS

  • Buy FLXS just above 41.85, target N/A, Stop Loss @ 41.73 Details
  • If 41.85 starts to move higher, the technical summary data tells us to buy FLXS just above 41.85, with an upside target of N/A. The data also tells us to put a stop loss at 41.73 set in case the shares turn against the trade. 41.85 is the first resistance level above 37.5, and as a rule, any break above resistance is a buy signal. In this case, 41.85, the initial resistance, would break higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

  • Short FLXS something near 41.85, target 36.57, Stop Loss @ 41.97. Details
  • The technical summary data suggests a shortfall on FLXS as it tests 41.85 with a downside target of 36.57. However, we should have a stop loss at 41.97 in case the stock starts moving against the trade. As a rule, each resistance test is a short signal. In this case, if resistance, 41.85, is tested, a short signal would occur. Because this plan is a short plan, based on a resistance test, it is called a Short Resistance Plan.

Day trading plans for FLXS

  • Buy FLXS just above 41.85, target N/A, Stop Loss @ 41.75 Details
  • If 41.85 starts to move higher, the technical summary data tells us to buy FLXS just above 41.85, with an upside target of N/A. The data also tells us to put a stop loss at 41.75 set in case the shares turn against the trade. 41.85 is the first resistance level above 37.5, and as a rule, any break above resistance is a buy signal. In this case, 41.85, the initial resistance, would break higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

  • Short FLXS something near 41.85, target 36.73, Stop Loss @ 41.95. Details
  • The technical summary data suggests a shortfall on FLXS as it tests 41.85 with a downside target of 36.73. However, we should have a stop loss at 41.95 in case the stock starts moving against the trade. As a rule, each resistance test is a short signal. In this case, testing the resistance, 41.85, would produce a short signal. Because this plan is a short plan, based on a resistance test, it is called a Short Resistance Plan.

Check the time stamp on this data. Updated AI-generated signals for Flexsteel Industries Inc. (FLXS) available here: FLXS.

FLXS Ratings for May 31:







Term → Near Middle
Long
Judgement Strong Neutral Strong
P1 0 0 29.46
P2 34.18 33.93 35.55
P3 36.73 36.57 41.85
AI-generated signals for FLXS

FLXS long-term analysis for May 31, 2024

Blue = Current price
Red= Resistance
Green = Support

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The technical pivots for Flexsteel Industries Inc. (NASDAQ: FLXS) help you determine how to trade, when to buy, when to sell and how to manage risk.

Warning:

This is a static report. The data below was valid at the time of publication, but the support and resistance levels for FLXS change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and market crash protection using Evitar Corte.

Instructions:

The rules that apply to the data in this report are the rules of technical analysis. For example, if FLXS is testing support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign that risk is under control or a short position exists, and support would be the downside target accordingly. In any case, the trigger point is designed to be both an ideal place to enter a position (to avoid trading in the middle of a trading channel), but also acts as a level of risk control.

Swing trades, day trades and longer term trading plans:

This data has been refined to differentiate Day Trading, Swing Trading and Long Term Investing plans for FLXS trading plans as well. These are all offered below the overview table.

Fundamental charts for FLXS:

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