Flexsteel Inds (FLXS)

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Flexsteel Inds (FLXS): Signals

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TECHNICAL ANALYSIS SUMMARY

Flexsteel Inds (FLXS)


Indicator:

WOODIE PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


Flexsteel Inds (NASDAQ:FLXS) current pivot point (Woodie) is:
$24.383.

The current resistance levels are:
(R1) $24.766
(R2) $25.913

The current support levels are:
(S1) $23.236
(S2) $22.853



One of the key differences in calculating Woodies Pivot Point to other pivot points is that the current sessions open price is used in the PP formula with the previous sessions high and low.

Calculation: Woodie Pivot Point:
1) R2 = PP + High – Low;
2) R1 = (2 X PP) – Low;
3) PP = (H + L + 2C) / 4;
4) S1 = (2 X PP) – High;
5) S2 = PP – High + Low – Closing Price – High – Low;


PROFILE: Flexsteel Inds (FLXS)


Stock Exchange: NASDAQ
Company: Flexsteel Inds
Ticker Codes: | FLXS | NASDAQ:FLXS |

About Flexsteel Inds (NASDAQ:FLXS):

Flexsteel Industries, Inc., together with its subsidiaries, manufactures, imports, and markets residential and contract upholstered and wood furniture products in the United States. It offers sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture for use in home, office, hotel, healthcare, and other commercial applications. The company distributes its products through its sales force and independent representatives. Flexsteel Industries, Inc. was founded in 1929 and is headquartered in Dubuque, Iowa.

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