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AI Analysis of FLXS
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Flexsteel Industries stock price ended at $37.99 on Friday, after losing 0.628%.
(Updated on Apr 12, 2024)

Buy or Hold candidate since Mar 19, 2024 Gain 13.37% PDF

The Flexsteel Industries stock price fell by -0.628% on the last day (Friday, 12th Apr 2024) from $38.23 to $37.99. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 1.60% from a day low at $37.41 to a day high of $38.01. The price has fallen in 7 of the last 10 days but is still up by 1.85% 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 -3 thousand shares and in total, 17 thousand shares were bought and sold for approximately $650.69 thousand.

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 40.91% during the next 3 months and, with a 90% probability hold a price between $51.12 and $60.51 at the end of this 3-month period.

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FLXS Signals & Forecast

The Flexsteel Industries 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 $38.99. On a fall, the stock will find some support from the long-term average at approximately $36.25. 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. 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. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -8.04%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Flexsteel Industries stock

On the downside, the stock finds support just below today's level from accumulated volume at $33.99 and $29.98. 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, Flexsteel Industries finds support just below today's level at $33.99. If this is broken, then the next support from accumulated volume will be at $29.98 and $28.80.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.600 between high and low, or 1.60%. For the last week the stock has had daily average volatility of 3.02%.

Our recommended stop-loss: $35.83 (-5.69%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (FLXS) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Flexsteel Industries to open at $37.80, and during the day (based on 14 day Average True Range), to move between $36.37 and $39.61, which gives a possible trading interval of +/-$1.62 (+/-4.25%) up or down from last closing price. If Flexsteel Industries takes out the full calculated possible swing range there will be an estimated 8.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $38.91 (2.42%) than the support at $33.99 (10.53%), 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 Flexsteel Industries 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 Flexsteel Industries stock to perform well in the short-term.

Current score: 1.778 Buy Candidate Unchanged

Predicted Opening Price for Flexsteel Industries of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$37.80 ( 0.491%) $37.99

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

Trading levels for FLXS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 38.40 1.09 %
R2 38.17 0.485 %
R1 38.03 0.112 %
Current price: 37.99
Support S1 37.57 -1.09 %
S2 37.43 -1.47 %
S3 37.20 -2.07 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 41.31 8.74 %
R2 39.92 5.08 %
R1 38.91 2.42 %
Current price 37.99
Support S1 33.99 -10.53%
S2 29.98 -21.08%
S3 28.80 -24.19%

FLXS Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 25, 2024 Mar 25, 2024 Apr 04, 2024 $0.150 0.376%
2 Dec 12, 2023 Dec 27, 2023 Jan 08, 2024 $0.150 0.83%
3 Sep 12, 2023 Sep 26, 2023 Oct 09, 2023 $0.150 0.744%
4 Jun 13, 2023 Jun 27, 2023 Jul 10, 2023 $0.150 0.779%
5 Mar 07, 2023 Mar 21, 2023 Apr 03, 2023 $0.150 0.769%

FAQ

What is the symbol for Flexsteel Industries Stock and on which exchange is it traded?
The symbol for Flexsteel Industries is FLXS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Flexsteel Industries Stock?
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 Flexsteel Industries stock to perform well in the short-term.

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

What's the current price of Flexsteel Industries Stock?
As of the end of day on the 2024-04-12, the price of an Flexsteel Industries (FLXS) share was $37.99.

What is the 52-week high and low for Flexsteel Industries Stock?
The 52-week high for Flexsteel Industries Stock is $41.50 and the 52-week low is $15.67.

What is the market capitalization of Flexsteel Industries Stock?
As of the 2024-04-12, the market capitalization of Flexsteel Industries is 195.657M.

When is the next earnings date for Flexsteel Industries?
The upcoming earnings date for Flexsteel Industries is May 06, 2024.
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About Flexsteel Industries

Flexsteel Industries Flexsteel Industries, Inc., together with its subsidiaries, operates as a manufacturer, importer, and online marketer of upholstered and wooden furniture for residential and contract markets in the United States. It offers upholstered furniture, such as sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture. Th... FLXS Profile

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