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FLEX LNG Ltd (FLNG) Stock: What Does the Chart Say?

Wednesday, September 02, 2020 11:00 AM | InvestorsObserver Analysts

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FLEX LNG Ltd (FLNG) Stock: What Does the Chart Say?

FLEX LNG Ltd (FLNG) stock has gained 13.00% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
FLEX LNG Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FLNG!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With FLNG Stock Today?

FLEX LNG Ltd (FLNG) stock is trading at $6.26 as of 10:27 AM on Wednesday, Sep 2, an increase of $0.27, or 4.59% from the previous closing price of $5.99. The stock has traded between $6.13 and $6.40 so far today. Volume today is 26,527 compared to average volume of 21,691.

To screen for more stocks like FLEX LNG Ltd click here.

More About FLEX LNG Ltd

Flex LNG Ltd is a primarily engaged in the business of providing floating Liquefied Natural Gas (LNG) solutions. The company is an owner of liquefied natural gas (LNG) carrier vessels and floating storage regasification units (FRSUs). The company through its subsidiaries is focused on the construction of the LNG carrier vessels on order, including obtaining commercial charter parties, and future FSRU projects. It mainly operates a fleet of LNG carriers and has six M-type, Electronically Controlled, Gas Injection LNG carriers, of which four have partial re-liquefaction systems installed. It markets these vessels for charter and is also pursuing FSRU projects and has four modern LNG vessels on the short-term charter.

Click Here to get the full Stock Score Report on FLEX LNG Ltd (FLNG) Stock.

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