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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FLEX
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Stronger technical forecast for Flextronics International Ltd. stock price after Friday trading.
(Updated on Jun 14, 2024)

Buy or Hold candidate since May 14, 2024 Gain 7.83% PDF

The Flextronics International Ltd. stock price fell by -2.37% on the last day (Friday, 14th Jun 2024) from $32.02 to $31.26. During the last trading day the stock fluctuated 1.91% from a day low at $31.13 to a day high of $31.73. The price has fallen in 6 of the last 10 days and is down by -5.64% for this period. Volume has increased on the last day by 54 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $89.20 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.97% during the next 3 months and, with a 90% probability hold a price between $34.14 and $40.94 at the end of this 3-month period.

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FLEX Signals & Forecast

A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -7.46%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Flextronics International Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $32.05. On a fall, the stock will find some support from the long-term average at approximately $30.62. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. The stock had a Golden Star Signal on Tuesday, December 12, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Tuesday, December 12, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Flextronics International Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at $28.56 and $27.42. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Flextronics International Ltd. finds support just below today's level at $28.56. If this is broken, then the next support from accumulated volume will be at $27.42 and $26.34.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.595 between high and low, or 1.91%. For the last week, the stock has had daily average volatility of 2.52%.

Our recommended stop-loss: $29.73 (-4.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 31 days ago.)

Trading Expectations (FLEX) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Flextronics International Ltd. to open at $31.37, and during the day (based on 14 day Average True Range), to move between $30.31 and $32.21, which gives a possible trading interval of +/-$0.95 (+/-3.03%) up or down from last closing price. If Flextronics International Ltd. takes out the full calculated possible swing range there will be an estimated 6.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $31.97 (2.27%) than the support at $28.56 (8.64%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Flextronics International Ltd. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.037 Buy Candidate Upgraded

Predicted Opening Price for Flextronics International Ltd. of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$31.37 ( 0.357%) $31.26

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FLEX

Fibonacci Support & Resistance Levels

Level Price
R3 31.97 2.26%
R2 31.74 1.53%
R1 31.60 1.08%
Price 31.26
S1 31.14 -0.370%
S2 31.00 -0.82%
S3 30.78 -1.55%

Accumulated Volume Support & Resistance Levels

Level Price
R3 33.13 5.98%
R2 32.18 2.94%
R1 31.97 2.27%
Price 31.26
S1 28.56 -8.64%
S2 27.42 -12.28%
S3 26.34 -15.74%

FAQ

What is the symbol for Flextronics International Ltd. Stock and on which exchange is it traded?
The symbol for Flextronics International Ltd. is FLEX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Flextronics International Ltd. Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Flextronics International Ltd. Stock?
Flextronics International Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Flextronics International Ltd. Stock.

What's the current price of Flextronics International Ltd. Stock?
As of the end of day on the Jun 14, 2024, the price of an Flextronics International Ltd. (FLEX) share was $31.26.

What is the 52-week high and low for Flextronics International Ltd. Stock?
The 52-week high for Flextronics International Ltd. Stock is $34.12 and the 52-week low is $21.84.

What is the market capitalization of Flextronics International Ltd. Stock?
As of the Jun 14, 2024, the market capitalization of Flextronics International Ltd. is 12.555B.

When is the next earnings date for Flextronics International Ltd.?
The upcoming earnings date for Flextronics International Ltd. is Jul 24, 2024.
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About Flextronics International Ltd.

Flextronics International Ltd. Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The company provides cross-industry technologies, including human-machine interface, internet of things platforms, power, sensor fusion, and smart audio. It also offers... FLEX Profile

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