US stock / ETF

Flex Ltd.

FLEX · NASDAQ · USD

1 hourBearish65%
1h Downside probability 65%Bearish

FLEX 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

1h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $120.25 and stabilize above resistance $135.67.

Invalidation Trigger

Break above $135.67 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

1h
Momentum StateRange
Momentum mixed

RSI 44.7, MACD 0.479

1h
Volatility EnvironmentRange
Low volatility

ATR is $2.35 (1.97%)

1h

EMA Structure

Bearish
EMA 8$118.72Bullish
EMA 21$120.25Bearish
EMA 50$124.34Bearish

Signals

CategoryReadStrength
Momentum
RSI 44.7 · MACD 0.479

Momentum is weak

Strength
Range
Volatility
ATR $2.35 · BB 7.89%

Low volatility

Strength
Range
Volume
MFI 56.1 · OBV -0.26%

Relative to 20-period average volume

Strength
Range
Price Levels
$113.5 - $135.67

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+15.74% · 8.0 ATR above latest close

$138.02
Nearest resistance

+13.77% · 7.0 ATR above · 34-bar high

$135.67
Current price

Price shown is delayed

$119.25
Nearest support

-4.82% · 2.5 ATR below · 34-bar low

$113.5
Deeper support zone

-6.79% · 3.5 ATR below latest close

$111.15
ATR zone

Latest close ± ATR14

$116.9 - $121.6

Indicators

Trend

Dow Theory Structure

Confirmation $113.5, invalidation $120.24

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

Trend strength is active

55.5 / 17.9 / 35.0Bearish
Supertrend (10,3)

Price is above Supertrend

$111.88Bullish
Ichimoku Cloud

Cloud Span A / Span B

$119.08 / $124.76Bearish
Donchian Channel (20)

20-period breakout channel position

51%Bearish

Volatility

ATR (14)

Low volatility

$2.35 (1.97%)Range
Bollinger Bands (20,2)

Width 7.89%

48%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$125.01 / $115.18Range
ATR channel lower / upper

Current Volatility Envelope

$116.9 / $121.6Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$135.67Range
Support

Nearest Downside Decision Level

$113.5Range

Momentum

RSI (14)

Momentum is weak

44.7Bearish
MACD (12,26,9)

Histogram is positive

0.479Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

75.0 / 66.8Bullish
Williams %R (14)

Neutral zone

-25.0Range
CCI (20)

Balanced zone

-9.1Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

56.1Bullish
OBV slope

20-period OBV slope

-0.26%Bearish
Volume ratio

Relative to 20-period average volume

3.07xBullish

Trend

Dow Theory Structure

Confirmation $113.5, invalidation $120.24

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

Trend strength is active

55.5 / 17.9 / 35.0Bearish
Supertrend (10,3)

Price is above Supertrend

$111.88Bullish
Ichimoku Cloud

Cloud Span A / Span B

$119.08 / $124.76Bearish
Donchian Channel (20)

20-period breakout channel position

51%Bearish

Momentum

RSI (14)

Momentum is weak

44.7Bearish
MACD (12,26,9)

Histogram is positive

0.479Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

75.0 / 66.8Bullish
Williams %R (14)

Neutral zone

-25.0Range
CCI (20)

Balanced zone

-9.1Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volatility

ATR (14)

Low volatility

$2.35 (1.97%)Range
Bollinger Bands (20,2)

Width 7.89%

48%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$125.01 / $115.18Range
ATR channel lower / upper

Current Volatility Envelope

$116.9 / $121.6Range

Volume / Money Flow

MFI (14)

Money flow is strong

56.1Bullish
OBV slope

20-period OBV slope

-0.26%Bearish
Volume ratio

Relative to 20-period average volume

3.07xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$135.67Range
Support

Nearest Downside Decision Level

$113.5Range

Related Forecasts