Flowserve Corp (FLS) is currently trading at $47.34 as of 2025-03-10. The stock has broken below its 200-day moving average, a bearish signal, and is showing signs of oversold conditions with an RSI of 12.89, indicating potential exhaustion of selling pressure.
The Fibonacci levels suggest key support and resistance points. The stock is currently below the pivot point of $51.81, with immediate resistance at $55.43 and support at $45.96.
Recent news highlights FLS's inclusion in the iShares Russell 1000 Value ETF (IWD), which has an implied target price of $219.01, suggesting optimism in FLS's future performance.
Based on the oversold RSI and Fibonacci levels, FLS may experience a short-term rebound. However, the overall bearish trend suggests caution. The stock is expected to test resistance at $55.43 next week.
Prediction: FLS stock price is expected to reach $55.43 next week. Sell if the stock approaches this resistance level, as the broader downtrend is likely to resume.
The price of FLS is predicted to go up -21.12%, based on the high correlation periods with GES. The similarity of these two price pattern on the periods is 98.52%.
FLS
GES
Stifel
2025-02-20
Price Target
$75 → $77
Upside
+34.01%
Mizuho
2025-02-20
Price Target
$65 → $70
Upside
+21.82%
Baird
2025-02-20
Price Target
$69 → $71
Upside
+23.56%