Should You Buy Flexsteel Industries Inc (FLXS) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
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Sign UpBuy for a beginner long-term investor. FLXS is pulling back toward key support after a -2.38% day, while fundamentals in 2026/Q1 are accelerating (revenue +6.18% YoY, EPS +77% YoY, margin expansion). With a fresh Buy initiation and a $54 target (meaningful upside versus ~$38.78), the risk/reward is attractive even if near-term price action remains choppy. Given the investor is impatient, entering now is reasonable rather than waiting for a perfect technical bottom.
Technical Analysis
Price/Trend: FLXS closed at 38.78, below the pivot (40.518), indicating near-term weakness.
Momentum: MACD histogram is negative (-0.294) and expanding lower, which supports continued downside pressure in the very near term. RSI(6) at ~30.65 is near oversold territory, suggesting selling pressure may be getting stretched and the stock may be closer to a tradable bottom than a fresh breakdown.
Moving Averages: Converging MAs suggest consolidation/transition rather than a clean uptrend.
Levels: Immediate support is S1 ~38.857 (price is essentially testing it) and then S2 ~37.83. Resistance levels are ~40.52 (pivot) then ~42.18.
Pattern-based forward view (given): Indicates mild near-term weakness (next day/week) but slightly positive next-month bias.
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