FLEX LNG (FLNG, $22.94) price may drop as it broke higher Bollinger Band on Dec 31, 2024

#OilGasPipelines, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #SmallCap, #Russel2000
FLNG - FLEX LNG Ltd
Bollinger signal
Bearish Trend
69%
Odds of DOWN Trend
Price: $22.94
Daily change: +$0.72 (+3.24%)
Daily volume: 476.9K
Capitalization: $1.2B
Industry: Oil & Gas Pipelines

This price move could be a signal that FLNG may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 51 similar cases where FLNG's price broke its higher Bollinger Band, and 35 of them led to a successful outcome. Odds of Success: 69%.