Flowserve Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Flowserve Corporation stock price ended at $47.22 on Monday, after gaining 0.98%.
(Updated on Apr 29, 2024)
The Flowserve Corporation stock price gained 0.98% on the last trading day (Monday, 29th Apr 2024), rising from $46.76 to $47.22. During the last trading day the stock fluctuated 0.90% from a day low at $46.90 to a day high of $47.32. The price has been going up and down for this period, and there has been a 1.75% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 513 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $52.72 million.
The stock lies in the middle of a 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 17.23% during the next 3 months and, with a 90% probability hold a price between $54.46 and $58.21 at the end of this 3-month period.
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FLS Signals & Forecast
The Flowserve Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $46.57 and $46.03. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -1.40%. 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).
Support, Risk & Stop-loss for Flowserve Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $42.54 and $42.28. 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, Flowserve Corporation finds support just below today's level at $42.54. If this is broken, then the next support from accumulated volume will be at $42.28 and $41.84.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.420 between high and low, or 0.90%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: $45.22 (-4.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (FLS) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Flowserve Corporation to open at $47.15, and during the day (based on 14 day Average True Range), to move between $46.40 and $48.04, which gives a possible trading interval of +/-$0.82 (+/-1.75%) up or down from last closing price. If Flowserve Corporation takes out the full calculated possible swing range there will be an estimated 3.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $47.48 (0.55%) than the support at $42.54 (9.91%), 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 Flowserve Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Flowserve Corporation stock to perform well in the short-term.
Current score: 4.220 Buy Candidate Unchanged
Predicted Opening Price for Flowserve Corporation of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $47.15 ( 0.155%) | $47.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.57 | 0.734 % | |
| R2 | 47.41 | 0.394 % | ||
| R1 | 47.31 | 0.184 % | ||
| Current price: | 47.22 | |||
| Support | S1 | 46.99 | -0.495 % | |
| S2 | 46.89 | -0.705 % | ||
| S3 | 46.73 | -1.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.89 | 1.42 % | |
| R2 | 47.88 | 1.40 % | ||
| R1 | 47.48 | 0.551 % | ||
| Current price | 47.22 | |||
| Support | S1 | 42.54 | -9.91% | |
| S2 | 42.28 | -10.46% | ||
| S3 | 41.84 | -11.39% |
FLS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.210 | 0.450% |
| 2 | Dec 12, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.200 | 0.496% |
| 3 | Aug 16, 2023 | Sep 21, 2023 | Oct 06, 2023 | $0.200 | 0.531% |
| 4 | May 31, 2023 | Jun 22, 2023 | Jul 07, 2023 | $0.200 | 0.541% |
| 5 | Mar 01, 2023 | Mar 23, 2023 | Apr 07, 2023 | $0.200 | 0.625% |
FAQ
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