Flex Ltd. (FLEX) Technical Analysis

Price Action Analysis

Overview

• The latest price for FLEX is around $64.24, trading within a constructive uptrend on the daily chart after a broad upshift in late 2024 into 2025. Prices have fluctuated in a tight band around the mid-$60s, with occasional pullbacks that tested nearby moving averages.
• On the daily chart, price has remained above near-term support around the 50-day moving average, signaling still-broad bullish momentum. Recent intraday action shows a mild up-and-down rhythm with a slight tilt higher on stronger up days, accompanied by higher volume on some up days.
• The weekly view maintains a longer-term uptrend with higher highs and higher lows, though price is hovering near a short-term resistance zone that has formed around the mid-to-high $60s.

Candlestick structure and patterns

• The daily candles show a sequence of small-to-moderate bodies with intermittent wicks, suggesting a balance between buyers and sellers and a mild accumulation phase near current levels.
• There are no clear, persistent bearish reversal patterns (e.g., a decisive bearish engulfing) visible in the most recent data; rather, there’s a pattern of consolidation around the mid-$60s after a prior advance.

Volume behavior

• Volume spikes tend to accompany up days, supporting the notion of constructive participation behind gains.
• In the most recent periods, volume remains above average on days with upward moves, while down days exhibit lighter volume, consistent with ongoing accumulation in the current range.

Chart patterns and key levels (from attached charts)

• Near-term support: around the 50-day moving average region (~$62.0–$62.5). This level has acted as a basin for minor pullbacks and a potential stepping-stone for the next leg higher.
• Near-term resistance: around $66.5–$67.0, roughly aligned with a short-term consolidation/highs zone observed in recent sessions.
• Longer-term context: a broader uptrend on the weekly chart, with the possibility of renewed upside if the price can clear the near-term resistance with accompanying volume.

Trendline context (visual reference)

• A support line around $62.0 is in place, reflecting the proximity to the 50-day moving average and recent price interaction.
• A resistance line near $66.5 has been drawn to highlight the main near-term ceiling where price has paused.

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Technical Indicators

Summary readings (latest available)

• Current price: $64.24
• 50-day Moving Average: $62.20
• 200-day Moving Average: $49.60
• RSI (14): 64.70
• MACD (12,26,9): 1.40
• MACD Signal: 1.50
• MACD Histogram: -0.10

Interpretation

• Trend strength: Price is comfortably above both the 50-day and 200-day moving averages, indicating a positive intermediate-to-longer-term trend backdrop.
• Momentum: RSI around 64.7 signals solid bullish momentum but not yet overbought; room for further upside before potential exhaustion.
• MACD: MACD remains positive but has recently shown a slight lag versus the signal line (MACD < Signal, histogram mildly negative). This implies near-term consolidation risk or a pause in momentum unless MACD crosses back above the signal line.
• Overall read: Positive tilt remains intact, but near-term momentum shows modest signs of consolidation unless the recent price action strengthens with above-average volume.

Technical Indicators table

Indicator	Current Reading	Interpretation
Price	$64.24	In the vicinity of the 50-day MA, within an uptrend context.
50-day MA	$62.20	Price above MA50; supports upside bias.
200-day MA	$49.60	Long-term uptrend anchor; provides strong baseline support.
RSI (14)	64.70	Positive momentum, not overbought yet.
MACD	1.40	Positive momentum, but below the MACD Signal on the last observation.
MACD Signal	1.50	Slight bearish cross suggesting near-term consolidation unless momentum improves.
MACD Histogram	-0.10	Mild near-term softness in momentum.

Notes

• The combination of a price above both MAs and a healthy RSI supports a constructive setup, but the MACD cross back above the signal would strengthen the case for a fresh leg higher.

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Volume & Momentum Analysis

• Volume confirms the price action on several up days, indicating accumulation behind the move rather than a purely speculative spike.
• The absence of consistently large volume on every up day suggests the move is measured rather than explosive; however, sustained higher-volume days near resistance would be a positive indicative signal for a breakout.
• Momentum signals (RSI and MACD) align with a mild bullish tone that could strengthen if price can push through the near-term resistance with rising volume.

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Key Buy/Sell Levels

Buy levels (pullback scenarios)

• Zone 1: Around $62.0 – $62.5
  • Has this zone been touched? Not exactly touched in the most recent sessions; price currently sits around $64.2, with intraday lows around $63.15. Zone remains a potential magnet on pullbacks.
  • Distance from current price: approximately $1.7 – $2.2 (about 2.6% – 3.4% lower).
  • Rationale: aligns with the near-term support cluster near the 50-day MA and provides a low-risk entry if the price tests this level with favorable volume.
• Zone 2: Around $60.0 – $60.5
  • Has this zone been touched? No exact touch recently; represents a deeper pullback scenario.
  • Distance from current price: approximately $4.0 – $4.5 (about 6.2% – 7.0% lower).
  • Rationale: stronger support zone that could re-ignite the up move if price stalls and holds with improving momentum.
• Zone 3 (breakout entry): Above $66.5 – $67.5
  • Has this zone been touched? Not yet; price would need to clear this resistance area with stronger volume to confirm breakout.
  • Distance from current price: approximately $2.3 – $3.2 (about 3.6% – 5.0% higher if entered on breakout).
  • Rationale: a clean close above the resistance zone with increased volume would signal a new leg higher.

How these levels tie to chart structure

• Zone 1 corresponds to a confluence of price and the 50-day MA, offering a natural replenishment point where buyers could reassert control.
• Zone 2 provides a deeper retracement level that often accompanies longer consolidation and is aligned with prior swing lows and potential major-volume clusters on larger timeframes.
• Breakout above Zone 3 (66.5–67.5) would leverage the recent price action and the upward slope of MA indicators, supported by higher-volume days, and could re-target the next resistance near the 70–72 area on the weekly chart.

Trendline context (drawn references)

• A support line is placed at approximately $62.0, extending forward to reflect near-term support in the event of pullbacks.
• A resistance line is placed at approximately $66.5, extending forward to represent the near-term ceiling price to beat for a breakout.

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Technical Outlook & Summary

• Price Action Context

  • The asset remains in an overall uptrend with price trading above key moving averages, but currently sits in a zone of near-term resistance around the mid-$60s.
  • Short-term consolidation is plausible unless price can decisively move through the immediate resistance with strong volume.

• Volume Pattern

  • Volume supports a bullish tilt on up days but is not consistently explosive. A breakout above the resistance zone with sustained higher volume would strengthen the bullish case.

• Technical Signals

  • Bullish indicators: Price above MA50 and MA200; RSI in a healthy bullish zone; Longer-term trend intact on weekly chart.
  • Caution signals: MACD shows a near-term cross-back-to-neutral; need a fresh MACD cross above the signal line to reinforce momentum.

• Buy Levels and Strategic Plan

  • Use Zone 1 (62.0–62.5) as a first-entry region if a pullback occurs with improving volume and price action.
  • Use Zone 2 (60.0–60.5) as a deeper pullback/back-up entry for a more favorable risk-reward if price tests this level.
  • Consider a breakout entry on a sustained close above 66.5–67.5 with above-average volume to target the next resistance area.

• Risk Considerations

  • If price fails at the 66.5–67.5 resistance with weak volume, a test back toward the 62.0 area could occur, reaffirming the importance of waiting for a clear breakout or a confirmed bounce from key levels.
  • Maintain awareness of volume signals around these levels; volume surges at breakouts add reliability to the move.

Final takeaway

• The cointegration of price action, trend structure, and momentum indicators supports a constructive stance for FLEX. A clean breakout above mid-$60s with solid volume would be a strong directional confirmation, while disciplined entries on pullbacks to the 62.0 region offer lower-risk opportunities with favorable reward potential.

Notes on charts

• The horizontal trendlines drawn at $62.0 and $66.5 provide a simple visual framework for the current technical landscape, aligning with moving-average dynamics and historical price interaction.
• The analysis focuses strictly on price action, patterns, indicators, and key support/resistance levels, excluding any fundamental factors.