Flex Ltd. (FLEX)

Flex Ltd. is trading at $86.48, down 7.08% on the session. The 50 day average sits at $106.17 and the 200 day at $103.01, which puts the stock in a uptrend. RSI is at 44.6, which reads as weak, and MACD is bearish crossover. Volume is above average.

The nearest support is around $73.48 with resistance near $116.17, so that band frames the current range. Average daily movement is roughly $6.61, or about 7.6% of the share price, which is what any stop placement has to allow for. The overall health score of 26 out of 100 combines a trend score of 33, momentum of 20 and a risk score of 22.

Flex Ltd. provides technology innovation, supply chain, and manufacturing solutions to data center, communications, enterprise, consumer, automotive, healthcare, industrial, and power industries in the Americas, Asia, and Europe. The company operates through three segments: Integrated Technology Solutions (ITS), Regulated Manufacturing Solutions (RMS), and Cloud and Power Infrastructure (CPI). The ITS segment offers flexible supply and manufacturing solutions for communications, including high speed networking, enterprise, and satellite communications systems, as well as lifestyle solutions comprising products across commercial, home, and personal product categories. Its RMS segment includes industrial products, such as mission critical automation, energy, and industrial infrastructure; automotive products, including compute and power electronics platforms and integrated systems; and healthcare products comprising regulated manufacturing for medical devices, drug delivery, and equipment. The CPI segment provides cloud and cooling products, such as integrated compute systems supporting power dense digital infrastructure deployments and advanced liquid cooling solutions supporting higher density, power intensive rack architectures; and power products that include utility and facility level electrical infrastructure enabling power delivery and high density rack and board level power systems. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1969 and is headquartered in Austin, Texas.