Flexsteel Industries Stock Forecast

Stock Analysis |
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Risk Assessment |
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Evaluation of Flexsteel Industries stock downgraded after the last trading session
(Updated on Feb 12, 2025)
The Flexsteel Industries stock price fell by -3.95% on the last day (Wednesday, 12th Feb 2025) from $54.44 to $52.29. During the last trading day the stock fluctuated 5.26% from a day low at $52.25 to a day high of $55.00. The price has fallen in 7 of the last 10 days but is still up by 3.26% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -11 thousand shares and in total, 36 thousand shares were bought and sold for approximately $1.90 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.81% during the next 3 months and, with a 90% probability hold a price between $40.54 and $53.48 at the end of this 3-month period.

FLXS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Flexsteel Industries stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $55.52 and $52.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 11, 2025, and so far it has fallen -3.95%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Flexsteel Industries stock
Flexsteel Industries finds support from accumulated volume at $50.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.75 between high and low, or 5.26%. For the last week, the stock has had daily average volatility of 7.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FLXS) For The Upcoming Trading Day Of Thursday 13th
For the upcoming trading day on Thursday, 13th we expect Flexsteel Industries to open at $53.18, and during the day (based on 14 day Average True Range), to move between $48.88 and $55.70, which gives a possible trading interval of +/-$3.41 (+/-6.51%) up or down from last closing price. If Flexsteel Industries takes out the full calculated possible swing range there will be an estimated 13.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $50.64 (3.16%) than the resistance at $58.30 (11.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Flexsteel Industries stock A Buy?
Flexsteel Industries holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score:
-4.219
Sell Candidate
Downgraded
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Predicted Fair Opening Price
Predicted fair opening price on February 13, 2025 - $53.18 ( 1.70%).FLXS Performance
Trading levels for FLXS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 55.93 | 6.96% |
R2 | 54.88 | 4.95% |
R1 | 54.23 | 3.71% |
Price | 52.29 | |
S1 | 52.13 | -0.307% |
S2 | 51.48 | -1.55% |
S3 | 50.43 | -3.56% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 63.05 | 20.58% |
R2 | 60.72 | 16.12% |
R1 | 58.30 | 11.49% |
Price | 52.29 | |
S1 | 50.64 | -3.16% |
S2 | 50.17 | -4.05% |
S3 | 48.50 | -7.25% |
FLXS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 11, 2024 | Dec 28, 2024 | Jan 08, 2025 | $0.170 | 0.333% |
2 | Dec 11, 2024 | Dec 27, 2024 | Jan 08, 2025 | $0.170 | 0.333% |
3 | Sep 10, 2024 | Sep 25, 2024 | Oct 07, 2024 | $0.170 | 0.400% |
4 | Jun 26, 2024 | Jun 26, 2024 | Jul 08, 2024 | $0.150 | 0.455% |
5 | Mar 25, 2024 | Mar 25, 2024 | Apr 04, 2024 | $0.150 | 0.376% |
FAQ
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