Our analysis is based on long term trends, and if they are promissing, short term analysis. First, we view the
3 year weekly charts, followed by a 1 year daily chart. This analysis allows you to view the larger picture and trend,
rather than just looking at a short term prospective. This way, you can use short term volatilty to your advantage, if the
long term trend is positive.
You will see a summery of the stock we are analyzing, followed by the 3 year and 1 year charts. At the end, you will see a technical analysis summery. That's it,
to the point technical stock market analysis daily!
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Technical Analysis for Febuary 2 2006
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| STOCK: FLEXTRONICS (FLEX) |
WEBSITE: www.flextronics.com |
| CURRENT PRICE: 10.76 |
TREND: POSSIBLE REVERSAL |
| TARGET PRICE: N/A |
RECOMMENDATION: SPECULATIVE BUY |
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Long Term Chart (Weekly 3yr) - To view the bigger picture
Charts Courtesy of StockCharts.com
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Short Term Chart (Daily 1yr) - Where to take a position
Charts Courtesy of StockCharts.com
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This American technology company has been dropping for a couple of years as clearly shown on the long term chart. Recently, the stock fell quite a bit, but recovered nicely, which is shown on the right edge of the chart, and indicates massive interest in the stock, and buyers came in to support it. The MACD is also very interesting, as it stayed near the same level, even though it continued to drop in the past, which shows a weakening down trend. On the short term chart, the price fell sharply during trading, only to recover nicely, and a move back to the 50 day moving average, which is a positive sign, if it would have broken down, it would have been extremely negative. The MACD here is also showing signs of turning up, so things are looking good here.
The long and short term charts both look interesting, and you may want to take a position here. Resistance exists at $11.29, which should be watched carefully as well.
On a side note, past technical analysis on STEM, TTH, and LVH are looking positive here, as noted on prior analysis (which could be viewed by clicking THIS YEARS TA from the menu).
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