Flex Ltd (FLEX): Price Now Near $14.15; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for FLEX

At the moment, FLEX’s price is down $0 (0%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as FLEX has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

FLEX’s Technical Outlook on the Daily Chart

At the moment, FLEX’s price is up $0.07 (0.45%) from the day prior. The daily chart shows that FLEX has seen 2 straight up days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Flex Ltd’s price action over the past 90 days can be seen via the chart below.

FLEX

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