FLUT Slides Below Key EMAs, Testing $211 Support
$Flutter Entertainment PLC(FLUT)$
$216.22 (−2.62%): Breaking below key EMAs amid distribution, watching $211–$222 decision zone
Market Recap
Flutter Entertainment closed at $216.22, down 2.62% on elevated volume of 4.09M shares – suggests institutional distribution.
The stock is currently trading between its recent low of $211.47 (from November 5, 2025) and recent high of $221.48.
The stock trades well below its key moving averages, indicating sustained bearish momentum as it tests crucial support levels.
Technical Indicators Analysis
Technically, trend structure; Bearish alignment with price below both 20-day EMA ($240.82) and 50-day EMA ($257.07).
The RSI reading of 21.01 indicates FLUT is deeply oversold, approaching extreme levels that often precede technical bounces.
The MACD configuration reveals sustained bearish pressure - with both MACD (-10.85) and Signal line (-9.20) deeply negative, and the histogram at -1.65 showing bearish momentum may still be expanding.
Key Support: $211 serves as critical support level，resistance: $227 and with EMAs at $240–$257 create substantial overhead supply.
The elevated volume (4.09M) on a down day indicates selling pressure is intensifying, potentially leading to further downside if support at $211 fails.
Valuation and Target Range:
The stock appears to be in a clear downtrend with any rallies likely facing resistance near the $222 area. A break below $211 could trigger additional selling toward the $200 psychological level. For any meaningful recovery, FLUT needs to reclaim the $222 level with conviction.
It's worth noting that against this backdrop, Flutter is proceeding with a substantial share buyback program of up to $5 billion, which is a strategy aimed at supporting shareholder value.
However, this positive factor has been overwhelmingly outweighed by the negative analyst sentiment and sector-wide concerns recently.
Risk & Disclaimer: Gaming stocks face regulatory headwinds and consumer spending sensitivity. This analysis is based on provided chart data for technical reference only – not investment advice. Investors should consider risk tolerance and consult multiple sources before trading.
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