US stock / ETF

Flex Ltd.

FLEX · NASDAQ · USD

1 dayBearish85%
Daily Downside probability 85%Bearish

FLEX 1D chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Daily: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $96.11 and stabilize above resistance $121.84.

Invalidation Trigger

Break above $121.84 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 26.4, MACD -3.174

Daily
Volatility EnvironmentBearish
High volatility

ATR is $6.5 (8.44%)

Daily

EMA Structure

Bearish
EMA 8$84.29Bearish
EMA 21$96.11Bearish
EMA 50$105.89Bearish

Signals

CategoryReadStrength
Momentum
RSI 26.4 · MACD -3.174

Momentum is weak

Strength
Bearish
Volatility
ATR $6.5 · BB 64.19%

High volatility

Strength
Bearish
Volume
MFI 21.3 · OBV -10.80%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$73.48 - $121.84

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+66.54% · 7.9 ATR above latest close

$128.34
Nearest resistance

+58.1% · 6.9 ATR above · 34-bar high

$121.84
Current price

Price shown is delayed

$77.07
Nearest support

-4.65% · 0.6 ATR below · 34-bar low

$73.48
Deeper support zone

-13.09% · 1.6 ATR below latest close

$66.98
ATR zone

Latest close ± ATR14

$70.56 - $83.57

Indicators

Trend

Dow Theory Structure

Confirmation $73.48, invalidation $119.96

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

52.9 / 3.2 / 58.4Bearish
Supertrend (10,3)

Price is above Supertrend

$57.91Bullish
Ichimoku Cloud

Cloud Span A / Span B

$91.86 / $101.12Bearish
Donchian Channel (20)

20-period breakout channel position

7%Bearish

Volatility

ATR (14)

High volatility

$6.5 (8.44%)Bearish
Bollinger Bands (20,2)

Width 64.19%

13%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$108.4 / $82.63Bearish
ATR channel lower / upper

Current Volatility Envelope

$70.56 / $83.57Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$121.84Range
Support

Nearest Downside Decision Level

$73.48Range

Momentum

RSI (14)

Momentum is weak

26.4Bearish
MACD (12,26,9)

Histogram is negative

-3.174Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

7.7 / 8.4Bearish
Williams %R (14)

Oversold zone

-92.3Bullish
CCI (20)

Weak expansion

-110.4Bearish
TD Sequential

Exhaustion setup is near completion

buy 12Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

21.3Bearish
OBV slope

20-period OBV slope

-10.80%Bearish
Volume ratio

Relative to 20-period average volume

0.02xBearish

Trend

Dow Theory Structure

Confirmation $73.48, invalidation $119.96

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

52.9 / 3.2 / 58.4Bearish
Supertrend (10,3)

Price is above Supertrend

$57.91Bullish
Ichimoku Cloud

Cloud Span A / Span B

$91.86 / $101.12Bearish
Donchian Channel (20)

20-period breakout channel position

7%Bearish

Momentum

RSI (14)

Momentum is weak

26.4Bearish
MACD (12,26,9)

Histogram is negative

-3.174Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

7.7 / 8.4Bearish
Williams %R (14)

Oversold zone

-92.3Bullish
CCI (20)

Weak expansion

-110.4Bearish
TD Sequential

Exhaustion setup is near completion

buy 12Bullish

Volatility

ATR (14)

High volatility

$6.5 (8.44%)Bearish
Bollinger Bands (20,2)

Width 64.19%

13%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$108.4 / $82.63Bearish
ATR channel lower / upper

Current Volatility Envelope

$70.56 / $83.57Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

21.3Bearish
OBV slope

20-period OBV slope

-10.80%Bearish
Volume ratio

Relative to 20-period average volume

0.02xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$121.84Range
Support

Nearest Downside Decision Level

$73.48Range

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