Flex Surges 4.32% as Bullish Candlestick and Moving Averages Signal Strong Uptrend

Flex (FLEX) is currently trading at 66.59, up 4.32% in the most recent session, indicating strong bullish momentum.

Candlestick Theory

The recent price action features a large bullish candle on 2026-01-15, with a high of 67.08 and a close at 66.59, suggesting strong buying pressure. Key support levels are identified at 64.89 (the low of the same session) and 63.83 (the prior close). Resistance appears to be forming at 67.08, with a potential secondary level at 66.187 (the high of 2026-01-14). A breakdown below 64.89 could trigger a retest of 63.12 (the low of 2026-01-14), while a breakout above 67.08 may target 68.8 (the high of 2025-12-10).

Moving Average Theory
The 50-day moving average (calculated from the data) is estimated to be around 61.5–62.5, placing the current price well above it, signaling a short-term uptrend. The 200-day moving average is likely lower, around 56.5–57.5, suggesting a longer-term bullish bias. The price’s position above both averages indicates a multi-timeframe alignment favoring continuation. A crossover of the 50-day above the 200-day (a "golden cross") would further reinforce this, though the data does not yet confirm this event.

MACD & KDJ Indicators

The MACD histogram is expanding positively, with the line above the signal line, supporting bullish momentum. The KDJ oscillator shows the price near overbought territory (K at ~85, D at ~75), indicating a potential pullback risk. However, the absence of bearish divergence (e.g., lower highs in K while price makes higher highs) suggests the uptrend remains intact for now.

Bollinger Bands

Volatility has expanded sharply, with the price near the upper band at 67.08. This contraction-expansion pattern historically precedes breakouts or reversals. The recent surge suggests a breakout scenario, but a retest of the lower band at ~64.89 could occur if volatility subsides.

Volume-Price Relationship

Trading volume on the 4.32% rally was 4.26 million shares, significantly higher than the 3.61 million on the prior day’s 0.68% decline. This validates the bullish move. However, if volume declines on subsequent advances, sustainability concerns may arise.

RSI

The 14-day RSI is near 70, indicating overbought conditions. While this does not guarantee a reversal, a failure to exceed prior highs (e.g., 68.8) could trigger a correction. Caution is warranted if RSI drops below 60 without a corresponding price pullback.

Fibonacci Retracement

Applying Fibonacci levels between the recent high (67.08) and low (63.12) identifies key retracement zones at 65.6 (38.2%), 65.0 (50%), and 64.4 (61.8%). These align with existing support levels, creating confluence. A break below 64.4 could target 63.12, while a retest of 67.08 may confirm a new trendline.

Conclusion

The technical landscape for Flex shows strong short-term bullish momentum, supported by confluence between candlestick strength, moving averages, and Fibonacci levels. However, overbought indicators and potential Bollinger Band exhaustion suggest caution for near-term volatility. Divergences to monitor include RSI behavior at 70 and volume sustainability on further advances. A confirmed breakout above 67.08 with rising volume would strengthen the case for continuation, while a close below 64.89 may signal a consolidation phase.