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

The market has been high on FLEX LNG Ltd (FLNG) stock recently. FLNG gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

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

See Full FLNG Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With FLNG Stock Today?

FLEX LNG Ltd (FLNG) stock is trading at $22.53 as of 2:40 PM on Tuesday, Nov 16, an increase of $1.42, or 6.73% from the previous closing price of $21.11. The stock has traded between $21.47 and $22.71 so far today. Volume today is elevated. So far 289,603 shares have traded compared to average volume of 114,255 shares. To screen for more stocks like FLEX LNG Ltd click here.

More About FLEX LNG Ltd

Flex LNG Ltd is LNG shipping company with a fleet of next generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state of the art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil off rates. Click Here to get the full Stock Report for FLEX LNG Ltd stock.