Technical Analysis

To perform a comprehensive technical analysis of FLEX stock, I will analyze its recent price trends, technical indicators, and key support/resistance levels based on the provided data.

Price Trends

• Latest Close Price (2025-02-28): $37.89
• Recent Price Movement: FLEX has shown slight upward momentum with a +0.26% regular market change and a +0.13% post-market change, closing near its daily high of $37.99.
• Fibonacci Levels:
  • Resistance 1: $42.31
  • Support 1: $37.85
  • Pivot Point: $40.08

Technical Indicators

• Relative Strength Index (RSI):
  • RSI (14): 36.24 (indicating oversold conditions but not extreme).
• Stochastic Oscillator:
  • %K (14,3,3): 13.00 (oversold territory).
  • %D (14,3,3): 12.00 (confirming oversold conditions).
• MACD:
  • MACD Line: -0.76
  • Signal Line: -0.15
  • Histogram: -0.60 (bearish momentum persists but weakening).
• Bollinger Bands:
  • Lower Band: $35.81
  • Middle Band: $41.43
  • Upper Band: $47.05
  • Current Price Position: Near the lower band, suggesting potential for a rebound.

Support and Resistance Levels

• Key Support: $37.85 (Fibonacci S1 and recent low).
• Key Resistance: $42.31 (Fibonacci R1 and psychological level).

Trend Analysis

• FLEX is currently trading below its 20-day SMA ($41.43) and 200-day SMA ($34.94), indicating a bearish short-term trend but a stronger long-term support.
• The oversold RSI and Stochastic Oscillator suggest a potential reversal if buying pressure increases.

Recommendation

• Buy or Sell?: FLEX is in a bearish phase but nearing oversold conditions. If the price holds above $37.85 and shows signs of reversal (e.g., RSI crossing above 40 or MACD histogram turning positive), it could be a buy for short-term gains. However, if it breaks below $37.85, further downside is likely, making it a sell or hold off on buying.